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Article: Regionalism and the new world economy: the No. 1 message for Southeast Michigan is that metropolitan regions--not cities, counties or states--define the natural market areas in the 21st century global economy.
- Article from:
- Detroiter
- Article date:
- January 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Detroit Regional Chamber. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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For most of the 20th century the global economy was split into two trading blocs--the Free World and the Communist Bloc--with competing ideologies and a focus on the nation-state.
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A change of seismic proportions began to unfold in 1990 with the collapse of the Soviet Union, an event which sparked a revolution of even greater magnitude than the Industrial Revolution in the middle of the 19th century. As a result, continental trading blocs--multi-nation groups functionally connected by free trade agreements and shared surface transportation networks--form the primary divisions of the world economy.
Within trading blocs, ...