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This book articulates a perspective on the narrative of Black Sea subregional cooperation that has taken off since the early 1990s. Over the last 20 years or so, regionalism and its derivatives have been among the most commonly used terms in international relations. Although difficulties associated with indiscriminate use of the term occur, there are real changes which are noticed in the political and economic relations in and among countries that point to regional dynamics. Though some may argue that globalization has made regionalism redundant and old fashioned, geographical proximity, historical legacies and regional interdependences persist in shaping international political economy.