Regionalization is the process of dividing an area into smaller segments called regions, such as dividing a nation into states or provinces. It is used by businesses as a management tool. In contrast, globalization promotes integration of economies and free trade worldwide through the exchange of ideas, products, technology and more. While regionalization divides areas, globalization allows for more international cooperation, multiculturalism, technological advances and humanitarian aid across borders.

2.  IT IS THE PROCESS OF DIVIDING AN AREA INTO
SMALLER SEGMENTS CALLED REGIONS.
 Ex: Division of nation into states or
provinces.
 Business also use regionalization as
management tool.
 IT IS THE PROCESS OF INTERNATIONAL
INTEGRATION ARISING FROM THE
INTERCHANGE OF WORLD VIEWS, PRODUCTS,
IDEAS, AND OTHER ASPECTS SUCH AS
TECHNOLOGY ETC.

3.  Nature :
Globalization promotes the integration
of economies across state borders all around
the world but, regionalization is precisely
the opposite because it is dividing an area
into smaller SEGMENTS.
 Market :
Globalization allows many Co. to trade
on international level so it allows free
market but in regionalized system,
monopolies are more likely to develop.

4.  Cultural & Societal relations:
Globalization acceleration to multiculturalism by
free and inexpensive movement of ppl But,
regionalization does not support this.
 Aid:
Globalized international community is also
more willing to come to the aid of a country
stricken by a natural disaster but, a regionalized
system not get involved in the affairs of other
areas.
 Technological advances:
globalization has driven great advances in
technology but, advanced tech. is rarely available
in one country or region.