On the Notion of Economic Regionalism in International Law

As a matter of response to globalisation processes glocalisation or manifestation of regionalism in all spheres of social life is a tendency predetermining development of international relations and international law at the current stage. Despite issues that catalyzed development of economic regionalism and its forms are dealt with in a considerable number of works, universal (objective) definition of “economic regionalism” is unknown to legal science. This article covers contemporary approaches to defining “regionalism” and “economic regionalism” in particular, predominant from the author’s perspective based on their analysis attempts to develop a universal definition of economic regionalism