CURRENT ECONOMIC AND GEOPOLITICAL TRENDS AND CHALLENGES 10th JOINT SEMINAR ON EUROPEAN INTEGRATION PROCESSES Dubrovnik, October 2008 Mladen Stanicic, Ph.D., Director Institute for International Relations Lj. F. Vukotinovica 2, Zagreb, Croatia Tel.: , Fax:

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