Abstract
This research paper presents a new model of analysis to study the trend of regional integration from a global perspective. This new model is called the Global Dimension of Regional Integration Model (GDRI-Model). The rationale for the creation of this model is the necessity to study regional integration from political, social, economic, and technological perspectives simultaneously. There are four basic phases in the implementation of the GDRI-Model. The first phase is the design of the multi-input database table. The second phase is the measurement of individual Regional Global Development Indexes (Xi), which include the Regional Global Political Development Index (X1), Regional Global Social Development Index (X2), Regional Global Economic Development Index (X3) and Regional Global Technological Development Index (X4). The third phase is the measurement of the Regional Global Development (RGD) index. The last phase is the measurement of Regional Integration Stage (RIS) index. The general objective of the GDRI-Model is to offer policy-makers and researchers a new analytical tool to study the evolution and stages of any regional integration process from a global perspective—based on a group of indexes and graphs. The GDRI-Model is not intended to be a forecasting model in any case. However, its application is not limited to the study of a special group of countries or regions. It is not constrained by issues about the region or the development stages of any member in a region that is interested in integrating into a single regional trade bloc. The GDRI-Model, in effect, is a simple and flexible scheme, which can be applied to any case of regional integration.
Highlights
Over the past 70 years, the field of research on regional integration has changed dramatically, with the discovery and implementation of new theories, models and techniques [1]
Regional Integration can be given a new definition. It can be defined as a process that combines different domestic development systems (DDS) into a single regional development system
Whether old regionalism or new regionalism, depends on the favorable conditions derived from regional development (RD), where RD is the combined result of all or most individual domestic development systems in the same trade bloc
Summary
Over the past 70 years, the field of research on regional integration has changed dramatically, with the discovery and implementation of new theories, models and techniques [1]. The difference between the GDRI-Model and the traditional models of analysis is that the RIE-Methodology will analyze regional integration from a new analytical perspective, that is, under a multi-dimensional analysis based on the study of all areas that domestic development evolves such as political development, social development, economic development and technological development. It allows for the detection of the pros and cons in the evolution of regional integration blocs in any region from a different perspective. This will benefit the parties concerned in their policy-making and program development
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