Question

How is the nature of regionalism in the post-cold war era different from that in the cold war era?

Answer 1

1. During the Cold War era, regionalism in Asia and Africa centered around political dialogue between countries. Additionally, military blocs, such as NATO, existed.
2. Even during the Cold War era, the emphasis in Europe was on economic cooperation.
3. Similarly, the Association of Southeast Asian Nations (ASEAN) was established in 1967.
4. The European Union emerged in 1992, while the South Asian Association for Regional Cooperation (SAARC) entered into a preferential trade agreement in 1993.
5. The Bay of Bengal initiative for multi-sectoral and economic cooperation.
6. A regional organization was founded in 1997, G-20 was founded in 1999. Shanghai cooperation organization was founded in 2001.
7. BRICS, an association of major emerging nations was created in 2009.
8. Thus the emphasis in the formation of regional organisations shifted from political and military considerations to economic and trade considerations