What is meant by ‘regionalism’? In this context, distinguish between bilateralism and multilateralism.

Regionalism refers to the principle or practice of organizing political, economic, or social activities within a particular region. It involves cooperation and integration among countries in a specific geographic area. Bilateralism refers to the exchange of goods, services, or agreements between _______ _________ _____ _______ _____ __________ _____ ___ ________ ___ ___.
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