Research background: This paper has been prepared as a result of our ongoing research on various aspects of ongoing globalization and regional integration and as a power point presentation has been presented at the recent ACUNS – Academic Council on the United Nations International Conference that has been carried out as a virtual event I June 2021. Purpose of the article: The main purpose of this paper is to present our proposal for the reform of the United nations system in order it could better be serving to the contemporary globalized and regionally integrated world now consisting of 193 member states in difference to only 51 original founding members of the United Nations in 1945. Methods: As for the applied methodology we have used the critical analysis of the existing UN system to identifying its strong and weak characteristics and on the basis of that to formulate some recommendation in order to adjust the overall UN system to the real needs of the current globalized world being dominated by the ongoing regional integrations, multinational corporations, various political and security structures and last and not least the UN has to return back to the full respect towards the first sentence of its Charter i.e.: “WE the peoples of the UN…” Findings & Value added: In view of this, we could state that the results of our research as formulated in the part 3 of this paper could be considered as our proposal for adjusting the current UN system and all its various specialized agencies to the real needs of the contemporary globalized world in such a way like reforming the UN Security Council, the UN General assembly as a kind of the global Parliament, selection and election of the UN secretary General, revitalization of the activity of the UN regional economic commissions, etc.