reactive regionalism
Quick Summary
Reactive regionalism, also known as defensive regionalism, is a strategy where countries form economic partnerships to protect their shared interests against external threats. This approach was historically used by developing nations to create larger internal markets for their industries. In contemporary times, it's often employed to counter perceived dangers in the global economic landscape, such as isolation within large economic blocs or to attract foreign direct investment by presenting a united economic front. The goal is to leverage combined economic strength to safeguard interests and reduce vulnerabilities.1
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