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Global South

Represents developing countries in the southern hemisphere like Africa, Latin America, Asia, and the Middle East, characterized by socio-economic and political divides.

Global North

Comprises developed countries like Canada, France, Germany, etc., adhering to fair labor practices, free trade, and sustainable development policies.

Third World

Originally referred to non-aligned countries during the Cold War, now represents developing nations facing economic and social challenges.

Asian Regionalism

Focuses on regional integration and cooperation in Asia, distinguishing between globalization and regionalization.

ASEAN Integration

Involves political security, economic, and socio-cultural collaboration within ASEAN and with East Asian countries like China, South Korea, and Japan.

Economic Growth in Asia

Highlights China's economic power, regional collaborations, and the role of institutions like the Asian Development Bank in promoting development.

Asian Development Bank (ADB)

Established in the 1960s, it supports social and economic development in Asia through loans, technical assistance, grants, and equity investments.

Production Networks

Expansion of production networks in Asian economies specializing in various products like electronics, palm oil, rubber, and motor vehicles.

ASEAN +3 Financial Ministers’ Process

A collaboration among ASEAN and East Asian countries to strengthen policy dialogue on financial and monetary matters.

Regional Responses to Globalization

Formation of groups like ADB and ASEAN, and local community initiatives like creating local currencies and self-sufficiency groups in response to globalization challenges.