Question

Highlight any two merits of Regionalism​

Answer 1

Answer:

1. Gains in trade.

2. Economies of scale.

3. Limiyed fiscal capabilities.

4. Cultural centralization.

Answer 2

ANSWER:

Regionalism is an ideology wherein a specific territory or region is given priority and aims at local development wherein the interest of the region is given priority.  

EXPLANATION:

The merits of regionalism are:

• The regional development, well being and superiority are placed above all. Hence this leads to better economic and social development.  
• The region has better control and authority over the governance (laws and enforcement). This ensures the regional ideas and culture is intact.  

Though regionalism is a very important aspect of any society, but its usability and applicability in today's shrinking business world is a question to be answered.