Lesson 5: A World of Regions Flashcards
It made people aware of the world in general.
Globalization
It is often seen as political and economic phenomenon, the term actually encompasses a broader area.
Regionalism
It is a process, and must be treated as an “emergent, socially constituted phenomenon”.
Regionalism
It is not natural or given, rather, it is constructed and defines by policymakers, economic actors, and even social movements.
Region
They stated that economic and political definitions of regions bary, but there are certain basic features that everyone can agree.
Edward D. Mansfield and Helen V. Milner
Are a “group of countries located in the same geographically specified area” or are “an amalgamation of two or combination of more than two regions” organized to regulate and “oversee flows and policy choices”.
Regions
It refers to the “regional concentration of economic flows.”
Regionalization
It is a “a political process characterized by economic policy cooperation and coordination among countries.”
Regional
A country that offers its cheap and huge workforce to attract foreign business and expand trade with countries it once considered its enemies but now sees as markets for its goods.
China
Countries that are ones considered China’s enemies but now sees as markets for its goods.
United States and Japan
The countries that compensate for their lack of resources by turning themselves into financial and banking hubs.
Singapore and Switzerland
The country that its harbor facilities and made them a first-class transit port for ships carrying different commodities from Africa, Europe, the Middle East, and mainland Southeast Asia to countries in the Asia-Pacific
Singapore
Countries form regional associations for several reasons:
- Military Defense
- To pool their resources
- To protect their independence from the pressures of superpower politics
- The economic crisis compels countries to come together
NATO
North Atlantic Treaty Organization
The most widely known defense group, which was formed during the Cold War when several Western European countries plus the US agreed to protect Europe against the threat or the Soviet Union.
North Atlantic Treaty Organization (NATO)
It responded to NATO by creating its regional alliance, the Warsaw Pact.
Soviet Union
NATO was established
April 04, 1949
Members of NATO
Original 12, then 29
An alliance between the Soviet Union and other Eastern European nations. This was in response to the NATO.
Warsaw Pact
Warsaw Pact created.
May 14, 1955
Other name of Warsaw Pact
Warsaw Treaty Organization
Other called to Warsaw Pact
Treaty of Friendship
OPEC means
Organizations of Petroleum Exporting Countries
An organization of countries formed in 1961 to agree on a common policy for the production and sale of Petroleum.
OPEC
