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  • Commodity or Service) Are More Likely To Develop

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    Globalization promotes integration of economies across borders and free international trade, allowing companies to operate globally and communities to become multicultural through movement of people. It also facilitates international aid for countries affected by disasters and has driven technological advances. In contrast, regionalism divides areas into segments, is more likely to develop monopolies with restricted trade, does not support multiculturalism or provide international aid outside its region, and has rarer access to advanced technology.

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    Globalization promotes integration of economies across borders and free international trade, allowing companies to operate globally and communities to become multicultural through movement of people. It also facilitates international aid for countries affected by disasters and has driven technological advances. In contrast, regionalism divides areas into segments, is more likely to develop monopolies with restricted trade, does not support multiculturalism or provide international aid outside its region, and has rarer access to advanced technology.

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    3 views1 page

    Commodity or Service) Are More Likely To Develop

    Uploaded by

    aimee0dayaganon
    Globalization promotes integration of economies across borders and free international trade, allowing companies to operate globally and communities to become multicultural through movement of people. It also facilitates international aid for countries affected by disasters and has driven technological advances. In contrast, regionalism divides areas into segments, is more likely to develop monopolies with restricted trade, does not support multiculturalism or provide international aid outside its region, and has rarer access to advanced technology.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Nature:

    Globalization promotes the integration of economies across state borders all around the world

    Regionalism is precisely the opposite because it is dividing an area into smaller segment

    Market:

    Globalization allows many company to trade on international level so it allows free market but in

    Regionalized system, monopolies(the exclusive possession or control of the supply or trade in a


    commodity or service) are more likely to develop

    Cultural and Societal Relations:

    Globalization acceleration to multiculturalism by free and inexpensive movement of people

    Regionalism does not support this

    Aid:

    Globalized international community is willing to come to the aid of a country stricken by a natural
    disaster

    Regionalized system does not get involved in the affairs of other areas

    Technological advances:

    Globalization has driven great advances in technology

    Regionalized system has rare availability in advanced technology

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