Regionalism and Globalization: The Case of the European Union

in Perspectives on Global Development and Technology
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Abstract

Regional groupings of states are often regarded as the appropriate response to economic and cultural strains generated by the globalization of market forces. The European Union, the most successful regional grouping in the world today, illustrates both the potential and the limitations of such organizations. In one sense, Europe has been in the vanguard of globalization, eliminating traditional barriers to the movement of labor, goods, and capital; but in another sense, the EU can be seen as a protective response to global exigencies and an attempt to safeguard Europe's cultural identity. This chapter assesses the EU in terms of these dynamic contradictions.

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