International Economic System and International Law

The purpose and objectives of this article are to provide a comparative analysis of the development of the international economic system and international law. Methodological approach. The work uses general scientific methods, as well as the method of legal interpretation and the comparative legal method. Results and conclusions. The article reveals the concept of the international economic system (MEA) as particularly significant for the most important sections of a number of sciences - economics, political science, philosophy, and law. It is shown that the MEA is the reality that each science studies from its own point of view. It is in the international economic system - on the territory of all States of the world-that the production of goods and services takes place, commodity flows are formed, and the cross-border movement of goods, services, financial instruments, investments, and labor is carried out. National law and international law serve as a kind of legal superstructure over these realities; through the two systems of law, States manage processes and regulate all types of relations in the international economic system. The originality and value of the work lies in the identification of the relationship between the MEA and international law. The author examines how international law is involved in the process of regulating international economic relations at all levels and how it will change along with the transformation of the MEA, which is taking place in our time.

international economic system (IES), components of the IES, international law, international economic law, national law, international economic order