World of Regions

World of Regions
Globalization
• Globalization is a process with a long history. People have been
exploring, migrating, and trading with each other throughout
human history, and these activities have created interactive
networks connecting the different parts of the planet and
producing dependent economic relationships. In ancient times,
we have Ferdinand Magellan who discovered the Philippines
and they colonize it for 333 years and Christopher Columbus
discovered America. In modern times, globalization can be
recognized by noting iconic global corporations, such as
Walmart, McDonald’s, or Toyota, that trade across international
borders and integrate labor and resources from different
countries to sell a product or service in the global marketplace.
Global Regionalization
• Global regionalization is a process which is parallel to
globalization. The most important feature of the global community
is globalization of many processes and phenomena of the
development of international relations, strengthening
relationships and interdependence of modern states in the second
half of the 20th century. Globalization is evident not only globally,
but also regionally. An important component of international
relations in the 21st century is regional development and
cooperation. In this regard, the importance of regional significant
factor in current international relations. Most of the changes
which is observed in today's world are associated with the
development of the information sphere.
12 Regions of the World
1 Greenland
2 North America
3 South America
4 Europe
5 The Middle East
6 North Africa
7 Sub- Saharan Africa
8 Asia
9 Southeast Asia
10 The Pacific Islands
11 Australia
12 Central America
• Economic conditions vary across the globe. There are wealthy
countries and there are poor countries, and the
determination of which countries are wealthy and which
countries are poor has generally been determined by the
availability of economic opportunities and advantages. There
are three core areas of wealthy industrialized countries, all of
which are found in the Northern Hemisphere: North America,
Western Europe, and eastern Asia. The main market centers
of these regions are New York City, London, and Tokyo. These
three core areas and their prosperous neighbors make up the
centers of economic activity that drive the global economy.
Other wealthy countries can be found dispersed in regions
with large amounts of natural resources, such as the Middle
East, or places of strategic location, such as Singapore. The
world’s poorer countries make up the peripheral countries. A
few countries share qualities of both and may be called
semiperipheries.
ASEAN
• A. East Asia Japan's growing role in the six member states of The
Association of Southeast Asian Nations (ASEAN) can easily be traced in the
areas of trade, aid, investment, and technology transfer. In the two decades
preceding the Plaza Accord of 1985, Japan accounted for close to half of
the total aid and direct foreign investment that the region received. The
dramatic appreciation of the yen after 1985 led to a veritable explosion of
Japanese investment, which between 1985 and 1989 was twice as large as
between 1951 and 1984. This flow of aid has continued to increase as
Japan seeks to recycle its trade surplus with the region. All governments in
Southeast Asia are bidding for Japanese capital, as is illustrated by the
massive deregulation of their economies as well as by the lucrative
incentives that they are willing to grant to foreign investors. More
importantly, Japan's "developmental state" has become a model of
emulation in both the public and private sectors.
EUROPE
• B. Europe Regionalism in Europe is a force that is better defined than in
Asia. This is mostly due to the presence of the European Community and
the process of accelerating European integration in preparation for the
elimination of all internal barriers in 1992. Furthermore, the EC has
developed such strong political momentum that neutral states such as
Sweden, Finland, and Austria were targeted, as of June 1993, to become
full members of the EC on January 1, 1995. As was true of Southern
Europe in the late 1970s, the emerging democracies in Central Europe
look to the EC rather than to any individual European state as the political
and economic anchor during their difficult period of transition. A united
Germany will figure prominently in an integrating Europe. But Germany is
unlikely to want to build a "Fortress Europe," a concept clear to Nazi
Germany, and for that reason alone lacking political appeal and support in
Germany.

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