Global Regionalization

Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several important questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements? Several chapters explore the economic effects of regional arrangements on patterns of trade, either on price differentials or via the gravity model on bilateral trade flows. In addition, this book examines the theoretical foundation of the gravity model. Making extensive use of the gravity model of bilateral trade, several chapters explore the economic effects of regional arrangements. In addition, this book examines the theoretical foundation of the gravity model.

Global Regionalization examines the astonishing political and economic changes that have completely reshaped the political geography of certain regions during the past fifteen years. It deals with the concept of global bloc formation, examining the impacts that changing political-economic conditions and relationships in and between nations have on demographic and economic flows.

This book explores the relationship between regionalization and global governance, surveying the theoretical debates, economic dimensions, security considerations and governing structures.

Regional trade agreements have expanded exponentially over the past decade, and have become a significant, if controversial, factor in the expanse of economic globalization. Social Regionalism in the Global Economy attempts to take a fresh, interdisciplinary approach to addressing labour regulation by drawing upon insights from industrial relations, comparative capitalism, and new governance schools of thought. It stands for the proposition that an interdisciplinary study of regional regulation holds the potential to offer a fuller account of social regionalism. Its focus is to consider how institutions and labour market actors reconstruct and renegotiate regulatory space in a changing economic environment characterized by regional impulses. It argues that there is a dynamic interplay between institutions and actors of social regulation. This interplay occurs at many levels. The book therefore maps both how actors shape institutions as well as how institutions shape social actors’ ability to affect regulatory processes. The editors bring together leading international specialists willing to move beyond textual analyses of regional agreements to offer alternative accounts of regional integration. The work emphasizes that institutional context and social actors at multiple governance levels are integral to the progressive construction and regulation of regional space. It further contributes to the literature by combining insights from overlooked regional entities in transition and developing countries with original analyses from the European Union and the NAFTA. These aims will be achieved by combining original research that is empirically grounded with theoretically informed analysis.

Building on the recent initiative to truly globalize the field of international relations, this book provides an innovative interrogation of regionalism. The book applies a globalizing framework to the study of regional worlds in order to move beyond the traditional conception of regionalism, which views regions as competing blocs dominated by great powers. Bringing together a wide range of case studies, the book shows that regions are instead dynamic configurations of social and political identities in which a variety of actors, including the less powerful, interact and partake in regionalization processes and have done so through the centuries.

This is the first of five volumes reporting on the UNU-WIDER study on New Regionalism. It deals with the conceptions and meanings of two processes which probably will have a crucial influence on the shape of the 'new world order' - globalization and regionalization. These studies relate to each other as challenge to response, globalization being the challenge of economic and cultural homogenization of the world and regionalization being a social and political reaction. The leading writers in the field contribute thought-provoking and fascinating articles to this volume.

The relationship between global governance and regionalization is fraught with ambiguity. Understanding regionalization in this context requires an understanding of its relationship, and reactive condition, with both the constellations of global governance and globalization. This book presents an overview and explores the distinctive but intersecting trajectories of regionalization and global governance. It surveys: the theoretical debates the economic dimensions: multinationals, trade and investment, and labour the security considerations: armed conflict, conflict prevention and peacekeeping and non-traditional security in Asia the governing structures: managing contemporary multilevel architecture and cultural policy, leadership and the L-20. The expert and multi-disciplinary editors and contributors survey the context as well as the general character of these projects, together with their links as both parallel mediating mechanisms and distinctive choices for interjecting governance into globalization. Examining these projects in tandem amplifies their importance and enables the contributors to tease out coincidental as well as alternative possibilities in policy direction. This book will be of interest to students and scholars of international relations, area studies, international economics, international political economy, political science, public administration and development studies.

This volume examines the prominent role of China in global politics and the relevance of the 'new regionalism' paradigm to China's international outreach. It provides a comprehensive and critical assessment of China's impact on the global politics of regionalization, offers a novel application of analytical models, investigates the aspects of the Chinese practice of regionalization that set it apart, and demonstrates China's transformative potential in international life. Addressing the need to 're-Orient' the research and policy agenda of international relations, this comprehensive study demonstrates both the lack of language to engage with existing norms and standards and the difficulty of applying them to an evaluation of the global politics of China's 'non-Western' international agency.