Regionalism in Asia

Flashcards covering key concepts and terms related to regionalism and historical influences in Asia.

Regionalism

Formal relationship among countries within a region.

Regionalization

Informal social relationships among countries in a region.

Imperialism

The power or control of one country over another.

Colonialism

Direct governance and settlement of one country in another territory.

Cold War

The period from 1940 to 1990 characterized by competition between the United States and USSR.

Export-Oriented Economies

Economies that focus on exporting goods, significant in Asia as in Singapore and South Korea.

WTO (World Trade Organization)

An economic organization of state countries established in 1995 to promote trade.

Asian Financial Crisis

A widespread exit of foreign direct investment from Tiger Economies that affected Asia.

Open Regionalism

Asia-Pacific and South Asia's openness to trade as stated in WTO policy.

Asian Monetary Fund

A financial institution that assists countries affected by the Asian financial crisis.