Globalization vs. Regionalization

Globalization vs. Regionalization

1. Regionalization

   • Reduction of trade barriers between some countries
     • space distribution
       • Regional agreements
       • Economic development plans
   • Manage resources properly
     • Common goal
       • Reach international competitiveness
         • By
           • Free trade areas
           • Trade flows.
     • Group of allies
       • Countries
       • Regions
       • Divisions

2. Globalization

   • Exchanges of goods and services in the world economy.
     • Global investments and transactions
     • Better international relations
       • Union of countries for a common good
   • Unification of markets, societies and cultures, across different countries of the world
     • Communication and interdependence
     • Interconnection
     • Fostering development
     • Technological development
   • It is normally used in countries with economic systems such as democratic capitalism or liberal democracy.
     • Production and consumption
       • More products more competitive
         • Unemployment
         • Larger markets
     • free trade agreements
       • Freedom of movement

3. Lina Moreno Lopez 7B

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