The writer of the paper "Globalization and Regionalization As The Counteracting Forces" gives information about that the origins and purposes of regionalization are too varied and distinct to be classified as parallel to the process of globalization…
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Globalization is characterized by economies opening up their local markets for international firms, which then creates a global market ideally open to all countries and firms. On the other hand, through regionalization countries seek to form economic blocks primarily to create preferential treatment for their firms as regards access to each other’s market as well as resources. In essence, globalization and regionalization are forces that act in opposite directions. This paper will demonstrate that the origins and purposes of regionalization are too varied and distinct to be classified as parallel to the process of globalization. Globalization and regionalization: forces in conflict In the contemporary world, various world economies have been pursuing a number of market approaches in an effort to promote their economic growth (for less developed countries) or economic stability (for industrialized countries). Regionalization, or formation of regional trading blocks, has been among the major approaches aggressively pursued by countries across the world. The European Union, North Atlantic Free Trade Area (NAFTA) and Association of East Asia Nations (ASEAN) are classic examples of regional trade blocks. As noted earlier, regionalization process gives more focus on certain regions rather than the global economy in general. Regional blocs tend to minimize interactions between different parts of the world, particularly in terms of trade. They in effect tend to threaten the process of globalization. Countries within a regional trade block apply a number of mechanisms to effect preferential treatment of their fellow members, thus giving them a competitive edge over non-members. One of the most used mechanisms is discriminative tariffs. Others are government subsidies, and import quotas, technical assistance (Mucchielli, Buckley and Cordell, 1998). Regional trade blocs are among the most popular the regional integrations developments that have and continue to characterize the modern world economy. Many countries have joined one or more regional blocks. In furthering their course, members of a regional trade block may go as far as taking such drastic measures as removing both tariff and non-trade barriers between the member states and thus offer complete and unrestricted access to each other’s market and productive resources (Kacowicz, 1998). Since regional blocks are more inclined towards implementation of policies that protects the state members from global competition, it tends to obstruct global trade liberalization. As a result, trade between members of a regional trade block and non-member states suffers significantly. This evidently discourages the process of globalization. Since globalization process is characterized by the move towards free trade and increased interdependence among different economies despite of regional differences, regionalization effectively becomes a powerful force that tend to move opposite to the direction of globalization (Mucchielli, Buckley and Cordell, 1998). When punitive tariffs are imposed on imports from non-member states, the imported goods automatically become more expensive compared to similar goods from a trade partner within the regional trade block.
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The goal of this paper is to define the meaning of globalization, of its types and effects on the world countries. Globalization may be defined as a process of countries’ economies, politics and cultures becoming more interrelated and interdependent. Since it is a rather broad definition, it is definitely worth to take a closer look at the concept of globalization.
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The paper attempts to critically analyze the term globalization from different perspectives and from different views of authors. The paper also discusses the key drivers of globalization over the past 20 years and attempts to analyze different aspects of globalization.
The author states that a study of relevant articles that dwelt on the subjects of surprise, intelligence failure and politicization written by former CIA chief Richard Gates reveal that the US intelligence network is not a simple government operation unfettered by concerns but is actually a compulsory balancing act of objectivity.
Economic forces and effects of globalization in tourism industry Introduction There exists no one agreed definition of the tourism industry. Tourism refers to travel for predominant leisure, recreational purposes, or provision of services in support of this industry.
Many theories have emerged to explain the reasons why large firms tend to choose foreign direct investment over other options such as exporting, licensing, or franchising. These explanations center on market imperfections, transportation costs, or the argument that the company may lose its competitive advantage, especially if it shares knowledge through licensing.
The author, however, dismisses this irony saying that in these cases, poverty had come first and so, the inequality cannot be attributed to globalization. The author believes that this inequality can be overcome with "responsible leadership" along with a "healthy dose of imagination", clubbed with globalization.
The history of the world has been shaped by a series of events and interactions that opened up different parts of the world that were initially isolated and secluded to the rest of the global community. Such interactions between different states all over the world are driven by various forces, ranging from the political, economic, to social fronts.
Globalization refers to the combination of economic and societal collaboration via cross-country flows of information, ideas, technologies, goods, services, capital, finance, and people. The numerous dimensions of cross-border coordination can occur in terms of varied factors such as cultural, political, social and economic (GRIN, 2005).
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