The Impact of Regional Economic Cooperation on States from a Global Perspective

Abstract

With the deepening of economic globalization and the constant changes in the international political pattern, regional economic cooperation has become an important means for major countries to seek economic development, maintain economic stability, and protect the domestic market, but at the same time, it also has some impact on the market of some weaker countries. Despite the controversy, regional economic cooperation has become one of the mainstream trends of world economic development with a strong momentum. Based on the relationship between the local and the whole, this study explores the positive and negative impacts of regional economic cooperation while looking forward to the prospects of world economic development, uses the literature survey method to outline the current situation and development framework of regional economic cooperation, and explores how major countries use regional economic cooperation to seek their own interests. At the same time, it can also be found that the weak countries can better integrate into regional economic cooperation and development while maintaining the domestic market. The study found that regional economic cooperation has become an effective means for most countries to boost their economies and maintain stability, but the worlds powerful countries have more benefits than other countries, and big countries should have a long-term vision while other countries should insist on economic independence.