Compare and contrast globalization and regionalization.

Since you have put this in the Business group, I assume
that you are talking about these terms from an economic point of view.  From that point
of view, globalization is the process of making the world's economy more integrated--the
process of bringing more and more parts of the world together into one seamless
economy.  Regionalization is a process that is generally similar to globalization, but
can compete with it to some degree.

The main similarity is
that, in both cases, there is a movement towards economic integration of more than one
country.  In regionalization, you have the countries of a region (say the EU) integrate
their economy.  In globalization, more than one region is
involved.

Although the two are similar, regionalization can
be opposed to globalization.  This occurs when a region tries to integrate itself, but
then puts up barriers against the rest of the world.  This would be the situation if,
for example, China and the countries of SE Asia integrated but then prevented extensive
integration with the rest of the world's economy.