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Thread: Global economic integration or regional unity?

  1. #1 Global economic integration or regional unity? 
    Forum Professor Pendragon's Avatar
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    Jan 2005
    There seem to be two big processes going on in the world economy, processes that at the same time seem to contradict and follow from eachother.

    At one side is the process of globalisation, that is the rising integration of economies from all over the world. Economic crises are on a global scale now instead of a national, international trade and investment are skyrocketing (although not as high as before 1914) and in general all economies seem to depend on eachother's wellbeing.

    On the other hand there seems to be a shift to regional international integration, the integration of economies that are located in the same area or continent. The best example of this is still the EU, which completely integrates most European states but at the same time forms a fortress to the outside world (with protectionist measures). Other examples are the Nafta, Asean and the difficult (or stillborn?) project of integrating of the two America's.

    While regional integration seems to reduce global integration in many cases, it could just as well be argued that it has the same causes as globalisation.

    So what do you think will have the future, regional or global integration? (or neither of the two)

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  3. #2  
    Him is offline
    Forum Sophomore Him's Avatar
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    Aug 2005
    Do both tendencies contradict each other?

    If regional companies want to holds their selves in the more global developing market they need to collaborate with their neighbours. It is the globalization that drives the local markets to cooperation and they try to exclude the foreign products to restore their own former place in the market.
    So in my opinion this ambivalent integration will always exist.

    he who forgets...will be destined to remember (Nothing Man - Pearl Jam)
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