• Mohd Shahwaiz

The era of the twenty-first century is different from earlier centuries as far as the greater connectivity and interdependence among countries are concerned. Since the dawn of globalization, the state has been unable to restrain itself from being involved in international politics. It has been observed that the trend of globalization established after the Second World War had a tremendous impact on the course of world politics, and economic and social structures. Under the new world order, the nation-state system is said to have started decaying. It has also been observed that the world system became so overburdened that it had to create space for regional arrangements. Globalization is reluctantly persuasive and indisputably a complex phenomenon that has varied impacts not only on economies but also on political, social, and cultural. It has been observed with the help of prominent studies that the countries which are on the path of globalization achieve higher growth and greater reductions in poverty than those who abstain from this process. Indeed, to sustain high growth is difficult without globalization. Regional arrangement invites countries to get together and cooperate in political, economic, and social areas by which they realize the benefits of globalization. Regional cooperation brings many of the same benefits as multilateralism but on a smaller scale. This paper analyzes the evolution of the regional arrangement in South Asia and how the wave of globalization realized the necessity to aggregate the interest of the states of the region. In addition, this paper also aims highlight the opportunities & challenges for regional economic integration in the Asian sub-continent.

Globalization, Regionalism, South Asia, Regional Trade

"Globalization and Regionalization in South Asia: An Overview of SAARC", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 11, page no.e732-e737, November-2024, Available :http://www.jetir.org/papers/JETIR2411483.pdf

"Globalization and Regionalization in South Asia: An Overview of SAARC", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 11, page no. ppe732-e737, November-2024, Available at : http://www.jetir.org/papers/JETIR2411483.pdf