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Goal 5: Global governance – the new world order

Globalisations and changes brought with require a significant reform of a present state of global governance which is not able to react adequately and efficiently enough to globalization challenges. Catching topical challenges for worldwide organization of economic and political relations will make up the work of a group of experts on international economic relations, world economy and regionalism, on international policy and security, foreign policy of CR and international organizations, on multiculturalism and radicalism. The base of their research will be the analysis of present-day tendencies in the world economy in economic, political and security sphere, which together constitute global conditions valid for all participants in world economy.

In the light of present changes of world economy and politics significant imperfections take effect and those make global governance unable to perform successfully its task that has been entrusted to in a global world. International organizations (mostly economic ones-WTO, IMF, WB as well as political e.g. U.N.) need reform of their activities, as they are not able to react adequately and efficiently to challenges of globalisation (financial crisis, debtor crisis, poverty, war conflicts, terrorism and security treats, transparency of world trade and financial system, activities of transnational corporations etc.). Administration of the world economic system and world security becomes more and more often a subject to particular interests and that complicates and makes the world system less transparent. The result of that is the disunion of civic society and a private sector from global problems and their solving and this all brings together the increase in extremism and radicalism, negative relation of public to international migration and low public support to liberalization efforts and structural reforms that are necessary elements of successful reaction of national and supranational economies to globalisation.

In this sub-block great attention of the research will be paid to concurrence of main tendencies of world economy i.e. globalisation, multilateralism and regionalism that influence economic and security world organization. Especially new regionalism represents huge both qualitative (a change of economic, political and security scope of regional organization) and quantitative (an expressive increase in number and scope of regional agreements) changes of regional integration, due to which regionalism becomes a global phenomenon that influences economic and political organization of the world. Namely European Union, which belongs to the most advanced regional integrations, is now aspiring to an important position in global political and economic architecture. The boom of regionalism implicates questions concerning the ordering of global governance that closely relate to the reform of U.N. (both from the view of economic development and world security) or with the role of international economic organizations (especially WTO) and their relations to regional schemes of economic and political cooperation. As the boom of regional integration strongly influences economic and security conditions in the world economy, it must be screened strictly from interdisciplinary view which will involve the very analysis of economic, political and security aspects of regional integration. With European Union belonging to the top examples of regional integrations, the whole analysis has got besides stressed global dimension also extent European dimension (external economic relations of EU and its network of regional agreements , role and position of EU in world economy and politics, common foreign and security policy of EU, competitiveness and sustainability of European regionalism) and via membership of CR in EU and its position in the world and also national dimension (foreign policy of Č in context of economic and security structures, position of CR in Europe and in the world, international migration and CR etc.).

The goal of this sub-block will therefore be the formulation of the particular proposals on improving global governance the way it would correspond better to challenges of globalisation in economic and security sense. Global governance also has impacts and relevancy to all the participants in world economy (i.e. to EU, the Czech Republic and to their private sector and civic society), as a stable world order represents the condition of their sustainable economic and social prosperity. Completely specific and executable recommendations may be from the analysis of the relation among individual tendencies of world economy formulated not only for European Union (from comparison to other examples of regional integration important recommendations for its economic and institutional architecture may arise) but also for the Czech Republic, the open economy of which with a specific geographical position depends much on the global development.