The main methods describing polarization of electromagnetic waves in weakly anisotropic inhomogeneous media are reviewed: the quasi-isotropic approximation (QIA) of geometrical optics method that deals with coupled equations for electromagnetic field components, and the Stokes vector formalism (SVF), dealing with Stokes vector components, which are quadratic in electromagnetic field intensity. The equation for the Stokes vector evolution is shown to be derived directly from QIA, whereas the inverse cannot be true. Derivation of SVF from QIA establishes a deep unity of these two approaches, which happen to be equivalent up to total phase. It is pointed out that in contrast to QIA, the Stokes vector cannot be applied for a polarization analysis of the superposition of coherent electromagnetic beams. Additionally, the ability of QIA to describe a normal modes conversion in inhomogeneous media is emphasized.