GLOBALIZATION AND REGIONALIZATION

GEC 6: THE CONTEMPORARY WORLD

By: LALAINE B. AALA
 Learning Objectives

To know what is globalization

and regionalization. 1
3 To understand how the
regionalization affects globalization.

To determine the differences of

regionalization and globalization. 2
 Introduction

The processes of globalization and regionalization reemerged during the 1980s

and heightened after the end of the Cold War in 1990s.At first,it seems that these
two processes are contradicting-the very nature of globalization is, by definition,
global while regionalization is naturally regional.

The regionalization of the world system and economic activity undermines the
potential benefits coming out from a liberized global economy. This is because
regional organizations prefer regional partners over the rest. Regional
organizations respond to the states’attempt to reduce the perceived negative
effects of globalization. Therefore, regionalism is a sort of counter-globalization.
 Part 1
What is Globalization?
-is the process of interaction and integration among
people, companies, and governments worldwide.
Globalization has accelerated since the 18th century due
to advances in transportation and communictaion
technology.

-also describe the growing interdependence of the world’s

economies, cultures, and populations, brought about by
cross-border trade in goods and service, technology, and
flows of investment, people and information.
 Part 2
What is Regionalization?
-societal integration and the often undirected process of
social and economic interaction.

-it is the tendency to form decentralized regions, which is

concerned to develop itself.
Difference between Globalization
and Regionalization

Globalization affects economic, political proceses at the

global level, while regionalization involves all
considerations of various events and the needs of
specific areas of the country.
 The argument concerning the relationship between regionalization
and globalization is perfectly summarized in this claim:

The age of economic globalization has also been the age of regionalization,
and much of the new regionalism has been devoted to the lilnks between the
two tendencies. Thus, regionalism is seen as critical part of the political
economy of globalization and the strategies that states have adopted in the
face of globalization. The emergence of regionalism needs to be understood
within the global restructuring of power and production. The many worlds are
very closely intrerwined with the character and fate of the one. The core
driving force is global even if the manifestation is regional.
THANK