Abstract
The chapter investigates how the economic factors influence the path of development of regional organizations and their objectives. In particular, it focuses on two variables. First, the chapter investigates the differences in the objectives of regional organizations depending on the level of economic development of their members and the distinction that exists between poor and rich countries from this point of view. Second, the chapter discusses how short-term economic dynamics (especially economic crises) can shape the development of the regional organization. The second crucial factor we identify is the economic development of member countries. The analysis, in particular, highlights how regional organizations type can be – both intentionally and unintentionally – transformed by economic crises.
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