ABSTRACT
In this chapter, the author describes the basic features of the global regimes that make up the global economic institutional system. He describes each of the major features of global economic institutional system. The author also describes the rationale of different regimes, the provision of public goods, the organisational form and finally the instruments that are used for realising the objectives. He discusses the global and the European Union (EU) models and the lessons that the EU can provide to the world. The author analyses the consistency of proposals for enhanced integration on the regional level for different parts of the world with the enhancement of global integration. Fundamental changes in matters of technology, the structure of the economy and politics have produced a substantial intensification of global interchange and integration. These changes in the world economy have had important effects on the roles of the major actors, such as private firms, public authorities and representatives of civil society.
