GEOG 104 Chapter Notes - Chapter 6: Role Of Christianity In Civilization, Atlantic Community, Socalled
22 Jul 2020
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Document Summary
Regionalization is the process by which an area is broken into smaller fractions called regions. Companies use it as a management tool, as well as a way to ensure that the unique needs of specific areas are met. It is also defined as a form of regional economic cooperation, largely fostered by multinational companies, by establishing factories in different nations to carry out specialized production of certain components of finished products. The term also refers to the way in which some area of the world that groups several countries becomes more important than the particular countries within that area, either economically or politically. Economists have noted increasing regionalization in trading blocs from different parts of the world. This process has given rise to regional production networks on several continents and has been characterized by greater specialization, interdependence and international integration. The possibility for countries to participate in these networks has been limited by the quality of their infrastructure networks.
