Theories of Regionalism

Theories of regionalism explore how and why countries or areas group together to promote shared interests. There are several key ideas: 1. **Economic Regionalism** focuses on trade and economic cooperation to boost prosperity. 2. **Political Regionalism** emphasizes the need for collective security and stability among neighboring nations. 3. **Cultural Regionalism** highlights shared history, language, or values that encourage unity. These theories help explain cooperative efforts like the European Union or ASEAN, where countries collaborate for mutual benefits, addressing common challenges, and fostering regional identity and solidarity.