Regional integration arrangements Coursework Example | Topics and Well Written Essays - 4250 words

Regional integration arrangements - Coursework ExampleExamples of regional economic integration include the GCC (Gulf Co-operation Corporation), NAFTA (the North American Free Trade Association) and the EU (European Union). This is just a few of the many regional economic arrangements shortly proliferating across the globe. Regional Integration Arrangements (RIAs) are becoming increasingly prevalent in a advanced context what are the effects of regional integration on political actors Do RIAs promote multilateralism or are they stumbling blocks, as opposed to stepping stones, to collective action Seeking to address these concerns and many more with respect to the change magnitude prevalence of RIAs in an era of globalization, the following will explore regional integration and multilateralism in a comparative context. Using an analysis of regional integration, organizational growth and multilateralism within the EU, this essay will influence whether multilateralism is hindered or f acilitated through regional integration. We begin first, however, with a concise overview of the modern globalization phenomenon.Globalization is an foreign phenomenon with important geopolitical ramifications. ... Events from the late 1960s reverberated in the Communist world and finally came to a idea in the 1980s with total economic and political collapse. The Soviet sphere, coupled with the former Yugoslavia, provide the go around examples of this phenomenon. Additionally, the end of the Cold War has had important implications for the already precarious states of Africa and has coincided with the emergence of Asian economic Tigers a global economic shift towards emerging East Asian powerhouses. Globalization, as it exists today, rests largely on the shoulders of liberal economics and the global entrenchment of capitalism as the dominant economic system in the world. Neo-liberalism, the judgement in laissez-faire economics, was best articulated by Margaret Thatcher in the jo ined Kingdom and Ronald Reagan in the United States in the 1980s. US President Ronald Regan famously remarked government was not the solution but the problem1. Neo-liberals baffle all of their faith in the distributive capabilities of the invisible hand of the free market, and believe that business was inherently good and that government bad. The government was longer interested in the provision of welfare but existed to call down the capitalist economic market. The United States under Ronald Reagan was thus described as the greatest of the neo-liberal regimes (Hobsbawm 1994). Accordingly, The essence of neo-liberalism, its sharp form, is a more or less thoroughgoing adherence, in rhetoric if not in practice, to the virtues of a market economy, and, by extension, a market-oriented society. While some neo-liberals appear to assume that one can render any kind of society on any kind of economy, the position taken here is that the economy, the state