The process of regionalization and the creation of regional blocs are controversial developments. Do regionalization and regional blocs contribute to the process of globalization or are the origins and purposes of these regional developments too varied and distinct to be classified as parallel to the process of globalization? Make reference to specific processes of regionalization and regional in addressing the question.
Regionalization is the process of dividing an area into smaller segments called regions. Some of the most practical examples of the process of regionalization is the division of a state into several regions called counties or provinces. But regionalization is not just limited to countries and physical geographical boundaries, it can also happen with business enterprises as a management tool. This paper discuses in more detail the process of regionalization but with specific regard to countries and how the whole exercise is carried out with factors to be considered while making such policy decision.