Regional cooperation among neighboring states is more than just free trade; it involves various dimensions and factors. There are two main types of regional cooperation: democratic "new regionalism" and authoritarian top-down models. The article explores how these regional dynamics interact with global governance during crises and power shifts. The researchers suggest three possible scenarios: regional organizations becoming influenced by major powers, a more effective multilateralism driven by global governance, or a mix of power politics and cooperation leading to instability.