Contemporary World

Chapter 7: The Historical Connections of Globalization and Regionalization

SUBMITTED BY:

Group 6

Padis, Restituto L.

Bautista, John Jasper P.

Diaz, Renan D.

Celestial, Lady Francine K.

Professor:

Christiane Villanueva
LEARNING OUTCOMES:

1. Define the Historical Connections of Globalization and Regionalization

2. Determine the difference between REGIONALIZATION and REGIONALISM

3. Describe the economic growth in South Asia

4. Identify the effects of Globalization

5. Describe the Globalization in the Asia-Pacific Region

THE HISTORICAL CONNECTIONS OF GLOBALIZATION AND

REGIONALIZATION

-Regionalization pertains to geography, the dividing of a large area into small regions.

An intensification of intra-regional social and economic interactions.

-The historical epoch significant to Globalization launched since the end of the Cold

War.

-The states have increasingly defined their interests in civilizational terms after the

Cold War world. Huntington (1993) identified nine major civilizations- Western,

Latin American, African, Islamic, Sinic, Hindu, Orthodox, Buddhist, and Japanese.

TWO PROCESSES IN TENSION IN THE CONTEMPORARY WORLD

POLITICS

-Globalization that integrates economic, political, social, and cultural lines and;

-The emerging influence of Asia as global force.

DIFFERENCE BETWEEN REGIONALIZATION AND REGIONALISM?

HOW IS GLOBALIZATION AND REGIONALIZATION CONNECTED?

-The strategic trade theory argues that domestic companies benefit from belonging to

a regional market big enough to allow them to scale economies while still being

protected from global competition. This is the benefit as the regional organizations

will allow the national companies the opportunity to succeed in a very competitive
global market.

-Non-state actors often act as the impetus TOWARD (new) regionalism. The

development of regionalization and inter-regionalism is indeed global in nature.

Hence the new regionalism should not be considered as the barrier to political

globalization but rather, it is completely compatible with it, if not a source of

encouragement.

THE ECONOMIC GROWTH OF SOUTH ASIA

-The export-oriented growth in South Asia should not be curtailed by the possible

protectionism made by the advanced economies. The World Bank reported that South

Asia remains the fastest-growing region in the world, widening its lead relative TO

East Asia. Specifically, the regional GDP growth rises from 6.7 percent in 2016 to 6.8

percent in 2017, and 7.1 percent in 2018.

-The regions in South Asia have to be flexible to the higher trade barriers imposed by

the advanced states. Hence this global integration has contributory to economic

development and poverty reduction.

-There is a contagion or domino effect when regional developments occur in one part

of the world. Indeed, the increasing developments in inter-regional cooperation

manifests that the regionalization process is global in nature. Regionalism is seen here

as a critical part of the political economy of globalization.

THE EFFECTS OF GLOBALIZATION

-Another threat to the stability of human kind is the increase of robotization. This

accounts today to 12% of the industrial production and is estimated to reach 62% in

25 years. Macro-regionalization is the new paradigm to be investigated upon. This is

the recomposition of the international order towards the creation of a specified

number of macr-regions. There are pivotal states in the world, which aspire to become
the centres of gravity for small countries and thus create their own macro-regions.

-The technological revolution and scientific discoveries since the 1980s have

stimulated the further development of globalization. The dominion of neoliberalism

resulted to the prevalence of exploitation over cooperation and the widening gap

between the rich and the poor. This is also where the democratic principles have

yielded to market laws.

-The UN agenda consists of many open opportunities for research and collaboration to

tackle certain issues, which are not squarely defined, but requires proper

experimentation and collective learning efforts. This requires a genuine collaboration

and international scientific cooperation to strengthen the irreplaceable role of the

United Nations. Consequently, there will be new ideas and concrete proposals that can

emerge in order to establish a healthier and more harmonious relationship in this

ambitious process of globalization.

GLOBALIZATION IN THE ASIA-PACIFIC REGION

-The asia-pacific region is the only region in the world WHose economic ties are

considered significant. This has not really experienced military factor in the national

politics. The regional countries have now become postmodernist states, which focused

mainly on strenghtening their welfare, science, and technological developments.

-Based on research studies, the economic development and success are always

intertwined with the globalization processes and the correctness of institutional

structures. There must be proper understanding of the increasing globalization of

economic activity and the planning, implementation , and effectiveness of the

different policies.

-To produce a knowledge-based economy, the government policies and foreign

investments play an important role in strategic alliances with their ECONOMIC and
innovation breakthroughs. research and innovation activities are particularly

important in the creation and sale of scientific and technical products from the

production to the industrial use stage.

-Inevitably, the world has become a global VILLAGE through the growing process

and influence of globalization. Its real and strong actualization is concretized in the

fields of technological development, ECONOMY, financial flows, communication

networks, and the value systems. Hence it become a COMMONPLACE in all social

sciences a long time ago.

DOCUMENTATION:

GROUP 6 MEMBERS
PADIS, RESTITUTO L. DIAZ, RENAN B.

CELESTIAL, LADY FRANCINE K. BAUTISTA, JOHN JASPER P.

Quiz

1-2. What are the two concepts that intertwined after the cold war.

Answer: Globalization and Regionalization

3-4. Give two among the nine major civilizations according to Huntington (1993)

Answer: Pick two only; Western, Latin American, African, Islamic, Sinic, Hindu,

Orthodox, Buddhist, Japanese.

5. What region in Asia remains the fastest growing economically?

Answer: South Asia

6. What country leads the growth for south Asia?

Answer: India

7. Who stated "what is new is the system, what is old is power politics, chaos,

clashing civilizations, and liberalism"?

Answer: Thomas Friedman

8. This is the composition of the international order towards the creation of a specified

number of macro-regions.

Answer: Macro-regionalism

9. It is the only region in the world whose economic ties are considered significant.

Answer: Asia Pacific Region

10. This country had developed a detailed scientific, technical, and innovation policy,

which strengthen its production and the growth of macro-economic indicators.

Answer: Japan