last topic sa week1

Question 1

“the increased flows of goods, services, capita, people and information across border” (Jacoby & Meunier, 2010).

Answer 1

Globalization

Question 2

“a group of countries in the same geographically specified area” (Mansfield
& Milner, 1999).

Answer 2

Region

Question 2

“the formal process of intergovernmental collaboration between two or more states” (Ravenhill, 2008).

Answer 2

Regionalism

Question 3

a huge company that does business (i.e.
operates) in several countries (“What are transnational corporations?”, 2020).
Examples of TNCs are Nestlé and Cadburry-Schweppes.

Answer 3

Transnational Corporations (TNCs)

Question 4

Regionalization may be defined as “the societal integration and often undirected process of social and economic interaction”

Answer 4

(Hurrell, 2007)

Question 5

As such, regionalization is the attempt of
countries to reduce the perceived negative effects of globalization. It can be considered
as __________________.

Answer 5

“counter-globalization.”

Question 6

to ensure peace and stability
o Ex: ASEAN and Shanghai Cooperation Organisation (SCO) are regional
organizations that seek strong security in Asia through cooperation

Answer 6

Concern for security

Question 6

The following are examples of groups practicing regionalization:

Answer 6

✓Association of South East Asian Nations (ASEAN)
✓ Asia-Pacific Economic Cooperation (APEC)
✓ European Union (EU)
✓ Mercosur (South American trade bloc; consists of Argentina, Brazil, Paraguay
and Uruguay

Question 7

Huntington argued that international organizations like EU and Mercosur share a common culture and identity and are far more successful than North American Free Trade Agreement (NAFTA) – an agreement among US, Canada and Mexico

Answer 7

Culture and identity guide regionalization.

Question 8

like TNCs, political parties and NGOs act as driving force toward regionalism. TNCs whose host countries are not part of a given trade agreement find themselves in a disadvantaged commercial situation with respect to competing companies belonging to the regional organization in question.

Answer 8

Non-state actors

Question 8

By entering in regional organizations, states may regain some control over flows of capital and enhance their bargaining power against
transnational economic factors like investment groups and transnational corporations (TNCs) (e.g. Walmart, Honda, Nike, and Coca-Cola).

Answer 8

Economic motivation

Question 9

There is “_______________________” and
because of this, regionalization is also global in nature.

Answer 9

contagion/domino effect”