Regional organizations are the important and effective new scene for political and economic interaction in the world. Regionalism is a common sense of identity and purpose. It is combined with the creation and implementation of institutions that express a particular identity and shape collective action within the region. It is a formal association of sovereign states of particular region.
The end of cold war paved the way for regional organizations on the basis of regionalism. The UN charter stressed the role of regional organizations to maintain the international peace and security. These organizations represent groups of states sharing geographical, political, economic and socio-cultural interests. Ex.
