Globalization &

Regionalization

Globalization
It refers to the interaction of one
economy with all the other
economies of the world.

This interaction can be in terms of:

financial transactions

trade

politics

education

production
Regionalization
It refers to the process of dividing an
etc. area into smaller segments called
regions.

Postive & Negative Effects

Equitable National Income
Multiculturalism & Multilingualism
Distribution
Free trade
Equal utilization of Own Natural
Resources
Cultural & Educational Exchange
Administers Better
Migration
Governance
Global Cooperation
Broadens Cultural
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3rd World Dependence on

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Hinders innovations
the 1st World
Cultural Dominance
Global Income and Wealth
Inequality
Political Dominance
Racism & Anti-Migrant
Sentiment Nepotism

Linguistic Hegemony Corruption

Tax Injustice Tribalism

Cultural Homogenization

Opportunities Opportunities
Easy Access to Foreign Culture Regional Market Growth

Lowered Cost for Goods & Increase National Employment

Services Rate

Increased Creativity &

Innovation

Improved Living Standard

Challenges Challenges
Job Mobility Gambling National Unity

Western Dominance Taxation Increase

Loss of Cultural Identity

Partner with a Globalization

Expert

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