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Regionalization: NATO And Warsaw Pact

126 Words1 Pages
Globalization can be characterized as both positive and negative force; it may lead to harmonizing of different economic interests or to new conflicts and protectionism. Regionalization also can be seen as well as a step to further globalization or as counter-global trend. Regionalization is caused by several factors such as strategic, economic, cultural links but economic reasons are the most important impetuses. The majority of trading blocks were formed after Second World War and after 1990 and they are response to economic globalization. Strategic factors were very significant during the period of Cold war and two the most powerful blocks were formed at that time: NATO and Warsaw Pact. Regionalization can also be fueled by cultural factors
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