Are regionalism and globalisation compatible or contradictory trends?

Type :

Presentation

Pages :

5 pages

Format :

.doc

Published date :

01/15/2009

Category :

Economics & finance

Sub category :

Economics

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Summary :

Introduction.
Regionalism and the globalization process.
1. A world dominated by the Triad members of Europe.
2. The example of communities in the African, Pacific and Caribbean countries.
3. Evolution of countries in a global environment.
4. The creation of a RIAs: Stimulating the trading flow.
5. Regional central banks.
Globalization: Regionalism and the regional integration agreements.
1. The growth of regional trading blocs.
2. Article 24 of the General Agreement on Tariffs and Trade (GATT).
3. The General Agreement on Tariffs and Trade and the World Trade Organization.
Conclusion.
Bibliiography.

Abstract

Nowadays, it is paradoxical to see the development, in a global world, of several types of regions. This process began after the Second World War, with the development of the international trade flows between economies. The creation in 1957 of the European Economic Community, by the Treaty of Rome, has launched this phenomenon. In response to this trend, other countries in the world, seeing the creation of this bloc, have created free trade areas, customs unions or common markets. Thus, we have seen the creation of the American Common market in 1960, the African Common Market in 1962 and other forms of regional protectionist unions. This phenomenon can be assimilated as the 'Old regionalism', which had a tendency to create regional integration agreements and further the form of defensive protectionism.