Area of Knowledge: Globalisation and regionalisation
In the last few years, the world economy has gone through some major changes, the result of which has been the creation of a global market. With the establishment of the World Trade Organisation (WTO), almost all economies in the World are likely to establish more and more interdependent relationships with each other. Globalisation means that the flows of products, international trade in services, capital, technologies, and people are spreading worldwide, as countries everywhere open up to wider contact with each other.
Regionalism is described as “actions by governments to liberalise or facilitate trade on a regional basis, sometimes through free trade areas or customs unions.” If we take into account RTAs (Regional Trade Agreements) which are in force but have not been notified, those signed but not yet in force, those currently being negotiated, and those in the proposal stage; we arrive at a figure of close to 400 RTAs which are scheduled to be implemented by 2010. Of these RTAs, Free Trade Agreements and partial scope agreements account for over 90%, while customs unions account for less than 10 %.
Objectives of the Area of Knowledge “Globalisation and Regionalisation.”
Related courses and masters with Globalisation and Regionalisation:
Main subjects (learning units) of Globalisation and regionalisation area:
Globalisation and regionalisation: main agreements and institutions.
Examples of subjects - Globalisation and regionalisation: