3. The North- South divide is broadly
considered a socio- economic and
political divide.
4.
5.
6.
7.
8. “Third World” was coined in
1952 by Alfred Sauvy, a French
demographer, anthropologist
and economic historian who
compared it with the Third
Estate, a concept that emerged
in the context of the French
Revolution.
9. First Estate refers to the Clergy and the
monarch.
Second estate to the nobility
Third Estate to the balance of the 18th
century French population
11. Asian regionalism is the product of economic
interaction, not political planning. As a result of
successful, outward oriented growth strategies,
Asian economies have not only grown richer, but
also closer together.
12.
13.
14. Regionalism vs Globalization
Regionalism is the process of
dividing an area into smaller
segments called regions.
Globalization is the process of
international integration arising
from the interchange of world
views, products, ideas, and other
aspects such as technology, etc.
15. As to nature, globalization promotes the
integration of economics, across state borders all
around the world but regionalization is precisely
the opposite because it is dividing an area into
smaller segments.
16. As to market, globalization allows many
companies to trade on international level so it
allows free market but in regionalized system,
monopolies are likely to develop.
17. As to cultural and societal relations, globalization
accelerate to multiculturalism by free and
inexpensive movement of people but,
regionalization does not support this.
18. As to aid, globalized international community is
also more willing to come the aid of a country
stricken by a natural disaster but, a regionalized
system does not get involved in the affairs of
other areas.
