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Regionalism And Multilateralism - Research Paper

Regionalism And Multilateralism

Regionalism And Multilateralism

The word regionalism and multilateralism both have their different aspects. As both suggests for unification of ideas but in different manners. Where 'regionalism' talk about organized cooperation in cultured, economic, political or military fields, it is a study of behavior that stress on geographical region as the unit of an analysis stressing in relationship between man and his physical environment. Other side multilateralism consist of states working together to tackle common issues, such as track, financial and economic instability, terrorism or climate change. It is like an institutional form which binds three or more state on the basis generalized ...

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towards the formation of regional and international institutions, set up to unite countries with common interests, thereby offering protection and strength to its members. Since, then such institutions have been multiplying and include a strong legal dimension.

The basic philosophy behind multilateralism is that open markets, non-discrimination and global competition in international trade are conductive to the national welfare of all countries.

So combining these both policies we can say that in economic history generally regional and global liberalization have proceeded together for the development of today's world. As far as they are concerned both the concepts can be taken into consideration but one will always overcome the other. It's just a matter of significance not a competition both owe their own ...

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Regionalism And Multilateralism. (2017, October 16). Retrieved November 23, 2024, from http://www.essayworld.com/essays/Regionalism-And-Multilateralism/106483

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PAPER DETAILS

Added: 10/16/2017 10:16:32 PM
Submitted By: shashank
Category: Economics
Type: Premium Paper
Words: 321
Pages: 2

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