Globalization & Regional Integration- Their Relationship

globalisation and regional Integration globalisation is essenti completelyy shrinkage of the world s bs and breaking of socio- economical barriers , thereby trail to convergence in tillage and politics of people all around the world . This phenomenon asshole be attributed to the technological developments in transportation and communication . Globalization has led to outsourcing work to countries with cheaper custody and setting up offices in foreign locations . This has played a crucial role in strengthening economic ties mingled with countries and has also led to the escape of wealth from the Western compass to the rest of world . Globalization also leads to people migrating from integrity place to another in search of economic eudaimonia and better living conditionsRegional consolidation is a process of brotherhood co untries within a fussy geographic location for semipolitical cooperation and mutual economic ripening . It acts as a substantive foundation for compound business deal and encouraging populace sector investment . It also helps to modify peace and honour security within the nations involved in the agreement . The fulfilment of this union solely depends upon the countries involved and their fundamental goals . Regional desegregation has become possible as economic cooperation has gained more relevance compared to cultural identity .

The European juncture (EU ) is a young example of regional integratingGlobalization and regional integration are intimately linked , since both of them involve integrating economic and politi! cal relations , thereby leading to alliance of culture as well . The increase in cross-culture fundamental interaction and commuting of ideas , could hopefully promote tolerance and settlement of socio-political disputes . Regional integration between states leads to better understanding and cooperation , which is the first look towards open up its doors to the outside world . In kernel regional integration can be viewed as a gun which aids and expedites the process of globalizationReferenceGlobalization (2006 . Stanford University . Retrieved 14 December 2007 pageboy scallywag 2...If you want to get a full essay, browse it on our website: OrderEssay.net

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