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

March 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 author certifies that written permission from the owner(s) of third-party copyrighted matter included in the thesis, dissertation, paper, or record of study has been obtained. The author further certifies that IRB approval has been obtained for this thesis, or that IRB approval is not necessary for this thesis. Insofar as this thesis, dissertation, paper, or record of study is an educational record as defined in the Family Educational Rights and Privacy Act (FERPA) (20 USC 1232g), the author has granted consent to disclosure of it to anyone who requests a copy. The author has granted the American University in Cairo or its agents a non-exclusive license to archive this thesis, dissertation, paper, or record of study, and to make it accessible, in whole or in part, in all forms of media, now or hereafter known.

IRB

Not necessary for this item

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