CURRENT ECONOMIC AND GEOPOLITICAL TREND S AND CHALLENGES

CURRENT ECONOMICAND GEOPOLITICAL

TRENDS AND CHALLENGES

10th JOINT SEMINAR ON EUROPEAN INTEGRATION PROCESSES

Dubrovnik, October 2008

Mladen Stanicic, Ph.D., Director Institute for International RelationsLj. F. Vukotinovica 2, 10000 Zagreb, Croatia Tel.:+385 1 48 77 460, Fax:+385 1 48 28 361E-mail: mladen@irmo.hrhttp://www.imo.hr

GLOBALIZATION

• Financial capitalism• Financial socialism• Wall Street socialism

NEOLIBERALISM

• State capitalism• New Deal• Woodrow Wilson• Harry Truman• J.M. Keynes – Bretton

Woods• Different forms

IDEOLOGY

• Three Embedded Conflicts– Individualism – Collectivism– Constructivism –

Structuralism– Scepticism – Education

• Mixed Liberalism

HISTORY

• Enlightenment• Rise and Fall• Authoritarism and

Totalitarism• The Resurgence

PERPETUATION• Financial speculations• Widening gap• No control• No responsibility• Real economy and Financial

economy

NEW ACTORS• Asian economies• Russia• India• Turkey• OPEC• European Union

MUTUAL INTEREST• American deficit• Asian surplus• The dependence of

American market• Industrial Bank of China• 3 out of 5

POLITICAL IMPLICATIONS

• The end of unilateralism• Common approach• Politics of energy

security• Fundamentalism and

liberalism

HOTBEDS

• Iraq – Afghanistan – Pakistan

• Middle East• Caucasus• Africa

CONVENTIONAL THREATS

• Terrorism• Weapon of mass

destruction• Drug• Human trafficking• Organised crime

THE POLITICS OF INTEGRATION• EU• NAFTA • ASEAN• APEC• SUBREGIONAL

INTEGRATIONS

GOOD GOVERNANCE