Regionalization and Globalization in the Modern World

This collection of outstanding essays explores the importance of regionalization and globalization to the world economy. International contributions explore the process of regionalization in the Pacific area, the Americas, Africa and Europe, and question whether the world economy is characterized by increasing regionalization, rather than globalization. Contributors investigate: how the processes of globalization and regionalization, driven by liberalization of trade and capital markets, weaken nationally established monopolies and protected industries whether globalization and regionalization are a challenge to Third World nations and the countries of the former socialist bloc, because they threaten exclusion from the developed industrializated world's free trade blocs the possibilty that regionalization creates obstacles for an integrated international economy. Regionalization and Globalization in the Modern World Economy makes an important contribution to current debates in development economics.