Marco Vasconi

Abstract

Since the end of World War II there has been a nearly universal trend toward regionalism, best represented by the European case and the rise of more than one hundred other regional agreements. This tendency, however, has experienced a particularly steep increase since the 1980s due to significant political and economic developments. The rise of economic and more importantly financial globalization fostered by impressive technological progress is regarded as one of the key factors in bringing about this new wave of regionalism, as it has raised a number of questions regarding governance, negative effects of financial instability and possible responses by states. An analysis of how crises affect power relations will be conducted. In this context, regionalism in terms of trade unions and more importantly monetary unions will be examined as a response to the question of governance of financial instability by the means of the comparative examples of the EU and ASEAN. Moreover, attention will be dedicated to the evaluation of future developments regarding the general trend towards deeper regional economic integration and the rise of regional monetary unions. The key question is as follows: Is economic regionalism to be considered the answer to the risks of financial instability? Does financial instability cause economically vulnerable countries to seek mechanisms to protect their economic power and build a shield in the form of regional economic and monetary integration in order to avert the risks of Globalization that eventually favor strong economies and so attempt a systemic change?

Department

Political Science Department

Degree Name

MA in Political Science

Date of Award

6-1-2007

Online Submission Date

3-11-2014

First Advisor

Korany, Bahgat

Committee Member 1

Montasser, Essam

Committee Member 2

Soliman, Samer

Document Type

Thesis

Extent

123 p.

Rights

The author retains all rights with regard to copyright.

The American University in Cairo grants authors of theses and dissertations a maximum embargo period of two years from the date of submission, upon request. After the embargo elapses, these documents are made available publicly. If you are the author of this thesis or dissertation, and would like to request an exceptional extension of the embargo period, please write to thesisadmin@aucegypt.edu.

IRB

Not necessary for this item

Call Number

Thesis 2007/46

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