Lesson 8: Asian Regionalism

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25 Terms

1
Regionalism
An ideology that emphasizes unity among nations in a region, often based on shared identity, culture, and interests.
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2
Regionalization
A process involving agreements and cooperation among countries in a region to promote economic, political, or social integration.
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3
Globalization
The amplified flows of goods, services, capital, people, and information across borders, creating global interconnectedness.
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4
Regionalization vs. Globalization
Regionalization focuses on strengthening cooperation within a region, while globalization emphasizes worldwide integration and interaction.
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5
Regionalism vs. Regionalization
Regionalism is an ideology promoting unity, while regionalization is a process of increasing cooperation among neighboring states.
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6
Regionalization vs. Globalization
Regionalization focuses on local integration and cooperation, whereas globalization promotes worldwide interaction and interdependence.
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7
Multilateralism vs. Regionalism
Multilateralism involves global cooperation among many countries, while regionalism focuses on cooperation within a specific geographic area.
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8
ASEAN (Association of Southeast Asian Nations)
A regional organization aimed at economic growth, political stability, and cultural cooperation among Southeast Asian countries.
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9
APEC (Asia-Pacific Economic Cooperation)
A regional economic forum that promotes free trade and economic cooperation among Pacific Rim countries.
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10
EU (European Union)
A political and economic union of European countries with integrated policies and shared governance structures.
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11
NAFTA (North American Free Trade Agreement)
A trade agreement between the US, Canada, and Mexico aimed at eliminating trade barriers.
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12
Traditional Trade Gains
Expected benefits from reducing trade barriers and enhancing market access within a region.
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13
Strengthening Domestic Policy Reform
Regional trade agreements can reinforce domestic policies, making them more secure and stable.
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14
Increased Multilateral Bargaining Power
Countries join trade agreements to increase their leverage in global trade negotiations.
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15
Guarantees of Access
Agreements allow smaller countries to access larger markets more easily.
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16
Strategic Linkage
Using regional trade agreements to ensure security and stability through economic cooperation.
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17
Multilateral and Regional Interplay
Ongoing multilateral negotiations can influence regional trade agreements.
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18
Asia-Pacific and South Asia as a Global Force
The region contributes to one-third of global GDP and is a major hub for trade and production.
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19
Open Regionalism (APEC)
A model promoting inclusivity in trade agreements rather than exclusivity.
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20
Japan’s Role in Globalization
Economic transformation after WWII, focusing on trade and industrial development.
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21
China’s Economic Reforms
Shift toward market-driven policies under Deng Xiaoping, boosting trade and investment.
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22
India’s Economic Integration
Liberalization in the 1990s leading to increased foreign investment and global market participation.
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23
Thailand’s Modernization
King Mongkut and King Chulalongkorn’s reforms that led to industrialization and engagement with Western economies.
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24
Asian Ethics in Regional Agreements
Shared values of respect, harmony, and collective well-being influence negotiations and cooperation.
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25
Confucianism’s Influence
Many Asian countries emphasize morality, social harmony, and respect for hierarchy in governance and trade.
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