Economics, Econometrics and Finance
5 years ago

Regionalization key to global stability and equitable development, study finds.

E3S Web of Conferences
Regionalization of the world as the key to sustainable future
Svitlana Radziyevska, Іван Ус

Paper Summary

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Globalization needs to be adjusted to reduce inequalities and conflicts worldwide. Regional groups are moving towards confrontations, so a common platform for collaboration between them is suggested. The idea of regional and global states is introduced, showing how regionalization and globalization are interconnected. The world is shifting towards a multipolar structure instead of a unipolar one. The study of regionalism shows that regionalization is crucial for the sustainable future of the world.