Economic Regionalization: A Form or a Stage of Economic Globalization
Xiang Yu
Abstract
Xiang Yu
Abstract
This paper focuses on the relationship between economic regionalization and globalization. The analysis of the two definitions reveals that the two have the same content in essence. It is pointed out that the goal of regionalization and globalization is to improve the national economic welfare. At last a conclusion is drawn that regionalization and globalization do not conflict against each other. In fact, regionalization is only a form or a stage of globalization. So, any country in the world should take more flexible policies in the trend of regionalization and globalization.
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This paper focuses on the relationship between economic regionalization and globalization. The analysis of the two definitions reveals that the two have the same content in essence. It is pointed out that the goal of regionalization and globalization is to improve the national economic welfare. At last a conclusion is drawn that regionalization and globalization do not conflict against each other. In fact, regionalization is only a form or a stage of globalization. So, any country in the world should take more flexible policies in the trend of regionalization and globalization.
Key concepts: Globalization, Economic globalization, Economic welfare, Economic system, Economics, Welfare, Political science, Development economics