Macroeconomy of the European Union and Financial Connectivity with Other Regional Economic Groupings
Macroeconomy of the European Union and Financial Connectivity with Other Regional Economic Groupings

Author(s): Nenad Dugalić
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: European Union; Economy; Interdependence; BRICS; Regional cooperation
Summary/Abstract: The development of global economic activities is increasing multifold, leading to a rise in the complexity of managing and coordinating international capital flows. Also, the increasing instability of the world economy and finance creates the need for economic systems and companies to adapt to new business conditions in a very short period. At the same time, the deepening of geopolitical tensions and the reduction of correlations between countries led to very uneven global economic development, which particularly affected the interests of the national economies of developing countries. All this caused the establishment of an imbalance in the world market and the classification of countries into different supranational and regional groups.

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