same geographically specified area; • Regions can be a combination of two region; • Regions can be combination of more than two regions organized to regulate and oversee flows and policy choices WHAT IS REGIONALIZATION?
• The process of dividing an area into smaller
segments called regions. • Division of a nation into states or provinces • In the economic context, regionalization is a management tool WHAT IS REGIONALISM
• Regionalism is created as a sort of counter-
globalization • Regional organizations will always prefer regional partners over the rest of the world WHAT IS GLOBALIZATION? •The expansion and intensification of social relations and consciousness across world- space and world-time. REGIONAL I N T E G R AT I O N I S T H E P R O C E S S B Y W H I C H T WO O R M O R E N AT I O N - S TAT E AG R E E TO C O - O P E R AT E A N D WO R K C L O S E LY TO G E T H E R TO AC H I E V E P E AC E , S TA B I L I T Y A N D W E A LT H . WHY DO COUNTRIES FORM REGIONAL ASSOCIATIONS? MILITARY DEFENSE The North Atlantic Treaty Organization (NATO) was formed to protect Europe from the threat of the Soveit Union; and as a response, the Soveit Union created the Warsaw Pact.