Formation of the Global Normative System and Modern Economic World order

Abstract

The article deals with the author’s concept of the Global Normative System intended to ensure order within the conditions of a new sustainable world order just being formed. The image of the modern world is determined by two processes that have primarily covered the global economy: globalization and regional integration; they radically change the current world order. Here the question arises: how are these processes reflected in law (domestic law of the states and international law) - in the legal superstructure over the real relations at all levels and in all subsystems?
The concept of the Global Normative System is a predictive model of interaction between national legal systems and international law. On the one hand, the states implement the rules contained in international treaties in domestic law (with the primacy of implemented international rules); on the other hand, they transfer a part of their sovereign competence to international organizations - the structures often vested with the right of supranational regulation.
The intertwining of the norms of domestic law and international law is turning into an inseparable duality: global law. Nowadays each lawyer should possess knowledge of the rules of domestic law in symbiosis with those of international law; in other words, all lawyers should be experts in global law.
Regional integration processes have led to the creation of an international legal institution - the integration law with elements of supranational regulation embedded therein. As a result, the duality of national legal systems and international law is turning into a trinity of national legal systems, international law, and integration law.