| Summary/Abstract |
TODAY, the world economy is moving toward mega-regionalization, which implies "drawing" regional and macroregional subsystems into a single mega-regional system. The process began and is unfolding under the influence of political and economic integration associated with increasing returns to scale from reduced barriers to cooperation and much more favorable production opportunities. This trend is manifest in the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in the Asia-Pacific Region (APR). Talks on the Transatlantic Free Trade Agreement and a free trade agreement between the European Union (EU)
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