New Regionalism in Globalization Era

Regionalism and globalization have been considered as important phenomena in politico–economic field. Globalization also has deeply impacted on political economy of countries and progression in international trade. On the other side new regionalism and globalization during last two decades escalated both as dominated streams in international political economy as well as international politics. Globalization is acting like double edge sword; i.e. providing challenges and opportunities at the same time, therefore regionalism has been considered as an important issue in this time.