Globalisation VS regionalisation
GLOBALISATION VS REGIONALISATION
Discuss with the Introduction to part III (pp. 289-293) and Chapter 20 in Stubbs & Underhill as a starting point the relationship between globalisation and regionalisation. Characterise in continuation of this the differences between regional integration in Europe and The Far East. For instance, you may reflect upon whether the recent financial crisis has set a new agenda for regional integration (Stubbs & Underhill, Chapters 21 and 24)
In the past decades, numerous trading blocs have been created throughout the world, playing a significant role in the world economy and trade. However, as regionalization became of an increasing interest, there has been much discussion on its effects on globalisation and their relationship, as it is the other important trend in the world economy development next to regionalization. Discussion on the relationship between these two trends has been filled with ambiguity and will be clarified through the following pages.
Furthermore I will take a look at differences between regional integration in Europe and Far East in regards to globalization. Additionally the impact of the recent financial crisis on regional integration will be discussed incorporating my own understanding of the subjects.
Historically, before 1980, globalization was perceived rather negatively, leading to efforts of governments to protect their markets from the global competition by encouraging regional developments. Accordingly, regionalism was their response to the need for stressing their independence from global economy, caused by the growing force of globalization. 1
After the end of Cold War, globalization started to be perceived not as the ´enemy´, but more as a phenomenon of the age that has the capacity to bring advantages of a significant scale to those who can keep up with the flow and adapt to the changing enviroment, shifting the emphasis of the philosophy of regionalism into „ positioning a region so
Discuss with the Introduction to part III (pp. 289-293) and Chapter 20 in Stubbs & Underhill as a starting point the relationship between globalisation and regionalisation. Characterise in continuation of this the differences between regional integration in Europe and The Far East. For instance, you may reflect upon whether the recent financial crisis has set a new agenda for regional integration (Stubbs & Underhill, Chapters 21 and 24)
In the past decades, numerous trading blocs have been created throughout the world, playing a significant role in the world economy and trade. However, as regionalization became of an increasing interest, there has been much discussion on its effects on globalisation and their relationship, as it is the other important trend in the world economy development next to regionalization. Discussion on the relationship between these two trends has been filled with ambiguity and will be clarified through the following pages.
Furthermore I will take a look at differences between regional integration in Europe and Far East in regards to globalization. Additionally the impact of the recent financial crisis on regional integration will be discussed incorporating my own understanding of the subjects.
Historically, before 1980, globalization was perceived rather negatively, leading to efforts of governments to protect their markets from the global competition by encouraging regional developments. Accordingly, regionalism was their response to the need for stressing their independence from global economy, caused by the growing force of globalization. 1
After the end of Cold War, globalization started to be perceived not as the ´enemy´, but more as a phenomenon of the age that has the capacity to bring advantages of a significant scale to those who can keep up with the flow and adapt to the changing enviroment, shifting the emphasis of the philosophy of regionalism into „ positioning a region so