The document discusses concepts related to global divides and regionalism. It provides definitions and explanations of terms like global north/south, third world, and regionalism. Regarding regionalism, it notes that regionalism emphasizes geographical regions as units of analysis and involves intentional region-building. It also outlines some benefits of Asian regionalism, including boosting productivity by linking economies and pooling foreign exchange reserves. Characteristics of regionalism discussed include a strong local identity and desire for greater autonomy.