Based on an overview of EU-China trade relations in the past 30 years, this article analyses the current status of EU-China trade disputes in the WTO, as well as its implications for the future. Since China joined the WTO in 2001, the EU and China have used the dispute settlement system of the WTO to solve bilateral trade disputes on several occasions. Although the numbers in that regard are not yet very large, the potential for bilateral trade disputes to significantly increase cannot be underestimated. How EU-China trade disputes in the WTO are to be managed has farreaching implications, not only for the mutual relationship of these two key global players, but also for the global economy and the multilateral trading system at large.
The article presents the most important relationships between globalization processes and regional policy. In the author's view the most significant tasks inspired by regional policy which can be gradually solved by the globalization processes involve in the first place the following: environmental protection and proper shaping of the environment; development and improvement in functioning of the economic infrastructure; cooperation within the framework of culture, scientific research, tourism and sport; the removal of the international trade barriers; achieving a satisfactory degree of social, economic and spatial integrity (fundamental objective of the structural and regional EU policy); minimizing of differences in the living standards; protection for the unemployed, the poorest families and those deprived of social welfare and health care against the adverse effects of globalization; providing advantageous terms for foreign companies to come and invest directly (direct foreign investments).
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In this essay we reconsider the effects of direct foreign investments on the host countries around the globe. A number of sociological analyses (Bandelji 2009; Mahutga – Bandelji 2008), already applied such a question to Central and Eastern Europe (CEE): Is the growing penetration of host countries of multinational investment heralding the promised gains of stable economic growth and social cohesion, or is social polarization around the corner instead? In our re-analysis with contemporary data of one of the most influential essays ever published in the international sociology (Bornschier – Chase-Dunn – Rubinson 1978), which predicted that direct foreign investment would increase economic inequality and that it would have a short-term dynamic, but a long-term stagnation effect on the economic growth of the host countries (Bornschier – Chase-Dunn – Rubinson 1978: 651), we re-confirm the main thrust of the sceptical hypotheses on multinational corporation (MNC) penetration. We also show that on the global level and in the 183 countries analysed there is indeed a very strong connection between foreign capital penetration in the mid-1990s on the one hand and rising inequality, deficient life expectancy, rising unemployment, and a deficient under five mortality rate in the first decade of the new Millennium on the other. Economic growth in the contemporary period (2010) is also being determined negatively by the long-term effects of multinational corporation penetration in the mid-1990s, while in the period between 1990 and 2005 the effect was positive. Thus we confirm that the approach, established by Bandelji 2009 and Mahutga and Bandelji 2008, is a valid one, and can be generalized on a global level.
In the article analyzes the most significant macro-economic trends shaping and vector character of the global economic system and the geopolitical transformations in the near future: economic, financial, institutional, environmental. The complex organizational and economic activities and providing tools to facilitate the implementation of the quality of post-crisis scenario development and the achievement of conceptual coordination of interests of economic entities.
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