GE5 MODULE 6 INTEGRATION OF THE ASIAN REGION

studied byStudied by 6 people
5.0(3)
Get a hint
Hint

Regionalism

1 / 26

encourage image

There's no tags or description

Looks like no one added any tags here yet for you.

27 Terms

1

Regionalism

  • A political ideology that favors a specific region over a greater area.

  • It usually results due to political separations, religion, geography, cultural boundaries, linguistic regions and managerial divisions.

New cards
2

REGIONALIZATION

  • A process of dividing an area into smaller segments called regions.

  • The division of nation into states or provinces.

New cards
3

GLOBALIZATION

A process by which the people of the world are unified into single society and function together

New cards
4

REGIONALISM

The theory of practice of regional rather than central systems of administration of economic cultural or political affiliation.

New cards
5

Why countries form regional organization?

As a way of coping with the challenges of globalization

New cards
6

Asian Regionalism

A product of economic integration between Asian countries.

New cards
7

ASIAN REGIONALISM

  • Asian economies have grown not only richer, but also close together.

  • New technological trends have further strengthened ties among them, as have the rise of the China and India and the region’s growing weight in the global economy.

  • The 1997/1998 financial crisis dealt a severe setback too much of the region, highlighting Asia’s shared interests and common vulnerabilities and providing an impetus for regional cooperation.

  • In early stages of Asia’s economic takeoff, regional integration proceeded slowly. East Asian economies focused on exporting to developed country markets.

  • The Japanese economist Akamatsu (1962) famously compared this pattern of development to flying geese. In this model, economies moved in formation not because they were directly linked to each other, but because they followed similar paths.

  • Now, Asian economies are becoming closely intertwined.

  • Interdependence is deepening because Asia’s economies have grown large and prosperous enough to become important to each other, and because their patterns of production increasing depend on networks that span several Asian economies and involve wide ranging exchanges of parts and components among them.

New cards
8

1997/ 1998

Year/s of financial crisis dealt a severe setback too much of the region, highlighting Asia’s shared interests and common vulnerabilities and providing an impetus for regional cooperation.

New cards
9

Akamatsu

Japanese economist who compared the pattern of development to flying geese

New cards
10

Flying geese

Akamatsu (1962) compared the pattern of development to what?

New cards
11

They followed similar paths

Based on Akamtsu’s model, economies moved in formation not because they were directly linked to each other, but because ___________

New cards
12

Globalization (Nature)

Promotes the integration of economics across state boarders all around the world

New cards
13

Regionalization (Nature)

Is precisely the opposite because it is dividing an area into smaller segments

New cards
14

Regionalization (Market)

Monopolies are likely to develop

New cards
15

Globalization (Market)

Allows many companies to trade on international level, it allows free market

New cards
16

Regionalization (Cultural and Societal Relations)

Does not support multiculturalism

New cards
17

Globalization (Cultural and Societal Relations)

Accelerate to multiculturalism by free and inexpensive movement of people.

New cards
18

Regionalization (AID)

Does not get involved in the affairs of other areas.

New cards
19

Globalization (AID)

Is more willing to come to the aid pf a country stricken by natural disaster.

New cards
20

Regionalization (TECHNOLOGICAL

ADVANCES)

rarely available in one country or region.

New cards
21

Globalization (TECHNOLOGICAL

ADVANCES)

Has driven great advances in technology

New cards
22

FACTORS LEADING TO THE GREATER INTEGRATION OF THE ASIAN REGIONS

  • Regional integration is a process in which neighboring states enter into an agreement in order to upgrade cooperation through common institutions and rules.

  • The objectives of the agreement could range from economic to political, to environmental, although it has typically taken the rom of a political economy initiative.

  • It has been or organized either via supranational institutional structures or through intergovernmental decision- making, or combination of both.

  • Often focused on removing barriers to free trade in the region, increasing the free movement of people, labor, goods, and capital across national borders, reducing the possibility of regional armed conflict and adopting cohesive regional stance son policy issues, such as environmental, climate change and migration.

  • Intra- regional trade refers to trade which focuses on economic exchange primarily between countries of the same region or economic zone.

  • In recent years, countries within economic- trade regimes such as ASEAN in Southeast Asia for example have increased the level of trade and commodity exchange between themselves which reduces the inflation and tariff barriers associated with foreign markets resulting in growing prosperity.

New cards
23

Supranational Institutional Structures

is an administrative structure that goes beyond the boundaries of state. It is a multi- national union or association in which member countries seek authority and sovereignty on at least some internal matters to the group whose decision are binding on its members

New cards
24

Intergovernmental decision- making

refers arrangements whereby the nation or the countries in any situations and conditions they can control, they can make decision s, and cooperate with one another on matters with common interest.

New cards
25

Intra- regional trade

refers to trade which focuses on economic exchange primarily between countries of the same region or economic zone.

New cards
26

Regional integration

Is a process in which neighboring states enter into an agreement in order to upgrade cooperation through common institutions and rules.

New cards
27

ASEAN MEMBERS

1.       Brunei

2.       Cambodia

3.       Indonesia

4.       Laos

5.       Malaysia

6.       Myanmar

7.       Philippines

8.       Singapore

9.       Thailand

10.    Vietnam

New cards

Explore top notes

note Note
studied byStudied by 8 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 7 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 12 people
Updated ... ago
4.0 Stars(1)
note Note
studied byStudied by 35 people
Updated ... ago
4.0 Stars(2)
note Note
studied byStudied by 4 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 8 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 10 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 32 people
Updated ... ago
5.0 Stars(1)

Explore top flashcards

flashcards Flashcard44 terms
studied byStudied by 6 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard43 terms
studied byStudied by 52 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard53 terms
studied byStudied by 4 people
Updated ... ago
5.0 Stars(2)
flashcards Flashcard80 terms
studied byStudied by 76 people
Updated ... ago
5.0 Stars(2)
flashcards Flashcard31 terms
studied byStudied by 2 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard188 terms
studied byStudied by 194 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard27 terms
studied byStudied by 35 people
Updated ... ago
5.0 Stars(4)
flashcards Flashcard67 terms
studied byStudied by 4 people
Updated ... ago
5.0 Stars(1)