Relationship between globalisation and regionalisation

Regionalisation and Globalisation, conflicting or linked processes? – Europeanista

relationship between globalisation and regionalisation

BETWEEN GLOBALIZATION AND REGIONALIZATION: WHAT IS 14, Chanaron J.J. () Globalisation, division internationale du travail et relation. Globalisation Vs Regionalisation and the related urban and regional changes 2. the relationship between the processes of globalization and regionalization 3. The inexorable forces of globalization and regionalization have reshaped relationships among the global factor, regional factors, country.

This was intented to be managed through the unification of european market. Deepening globalization led to strenghtening neo-liberal forces, which meant the commitment to global free trade, i. The Association of South East Asian Nations ASEANfor instance, represents smaller or economically weaker countries that may seek for the regional integration in order to resist the emergence of a regionally dominant state.

Does Regionalism challenge Globalisation, or build on it?

Conversely, as with the candidates for EU, they may choose to link themselves as closely as possible with the regional leaders. In case of EU, the regionalization is a result of political, institutional, and cultural factors as well as those related to transformation in corporate organization. This can be explained through the link between the region and the identity, that is most advanced in Europe.

The East Asian crises emerging in had two main implications for the political economy of the region.

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Regional organisations allow national companies the opportunity to succeed in a protected but big enough market in a way that they would otherwise fail if exposed to global competition. Non-state actors very often act as a driving-force towards new regionalism. TNCs intimately linked to economic globalization whose host countries are not part of a given regional trade agreement find themselves in a disadvantaged commercial situation respect competing companies belonging to the regional organisation in question.

Regionalization in a nutshell

Given this situation, disadvantaged TNCs will lobby their national governments in order to sign similar trade agreements in order to end their disadvantaged commercial situation [18]. So are globalisation and regionalisation opposing processes or does the latter fit into the former? At first sight it may seem apparent that they are conflicting processes. The very nature of globalization is by definition global while regionalization is naturally regional. Many commentators believe that regionalisation of the world system and economic activity undermines the potential benefits coming out from a liberalized global economy since regional organizations privileges regional partners over the rest.

Therefore it could be said that regionalism is a sort of counter-globalisation. In a survey the Financial Times [22] revealed that majority of Europeans consider that globalization brings negative effects to their societies.

Many policy makers and scholars think that globalisation must be regulated and managed. According to this regionalisation and the development of inter-regionalism would indeed be global in nature. We have seen how the end of the Cold War along with those constrains attached to it, created a favourable international context in which the processes of globalisation and regionalisation could take off.

It would be more adequate to point at a complex mixture of motivations and factors. The depth in regionalisation as well as the scope and objectives of the different regional organizations varies considerably throughout the world. Increasing regionalisation, just like globalisation, diminishes the sovereignty and autonomy of nation-states.

States have to abide to the regional organizations norms that limit their behaviour.

relationship between globalisation and regionalisation

We also have revised the debated over the one world global many world regional relationship. As has been shown, Regionalism hardly challenges Globalisation and it really only builds on the effects of Globalisation.

Richard Stubbs and Geoffrey R.

relationship between globalisation and regionalisation

This is to say that national firms or organisations that would like to benefit from the effects of Globalisation but that fear the insecurity that comes with it, would have the opportunity to take advantage of international trade on a smaller, regional scale, whilst being provided with more security due to the involvement of regional organisations.

At a regional level, they can enjoy some of the benefits of Globalisation and test their products on a level of international trade that is still controllable, without having to face the insecurity of the global market.

So does Regionalism challenge Globalisation?

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Does it build on it? Hence, it has been shown that Regionalism is a stepping-stone and not a stumbling block towards Globalisation. And Milner, Helen V.