A World of Regions
A World of Regions
A World of Regions
A WORLD OF REGIONS
Governments, associations, societies and groups form regional organizations and/or network as a way of
coping with the challenges of globalizations.
REGIONALISM
• Regions are not natural or given rather, they are constructed and defined by the policymakers,
economic actors and even social movements
• It is the process of dividing the area into smaller segments called regions.
REGIONALIS M
• Political process characterized by economic policy cooperation and coordination among countries.
REGIONALISM
Regions
• are “a group of countries located in the geographically specified area” or “an amalgamation of two
regions or a combination of more than two regions” organized to regulate and “oversee flows and policy
choices.”
1. Some are large enough and have a lot of resources to dictate how they participate in process of
global integration.
• Example: China
2. Other countries make up for their small size by taking advantage of their strategic location.
Countries form regional alliance – for as the saying – there is a strength in numbers’
REASONS OF FORMING REGIONAL ASSOCIATIONS
1. Military Defense
• Formed during the Cold War when several Western European countries plus the United states agreed
to protect Europe against the threat of the Soviet Union.
WARSAW PACT
2. Pool their resources, get better return for their exports and expand their leverage against
trading partners.
Example:
• The Thai economy collapsed in 1996 after the foreign currency speculators and troubled
international banks demanded that the Thai government pay back its loans.
• It made ASEAN more “unified and coordinated”