Asian Regionalism

Question 1

Has gained significant momentumn in the era of globalization reshaping the political, economic, and social dynamics of the region

Answer 1

Asian Regionalism

Question 2

the process of
interaction and integration among
the people, companies, and
governments of different nations, a
process driven by international
trade and investment and aided by
information technology.

Answer 2

Globalization

Question 2

The Silk Road connecting East Asia, South
Asia, and the Middle East, facilitated the flow
of goods, ideas, and religion.

Answer 2

130 BCE

Question 2

also known as the
process of forming regions, it is the
growth of societal integration
within a given region, including the
undirected processes of social and
economic interaction among the
units (Kacowicz, 1999).

Answer 2

Regionalization

Question 3

The establishment of the Association of
Southeast Asian Nations (ASEAN) in 1967 has a marked a significant milestone in regional integration efforts.

Answer 3

1967 Post Colonial Era

Question 4

the central pillar of
Asian regionalism.
Initiatives such as the ASEAN Economic
Community (AEC), the Asia-Pacific
Economic Cooperation (APEC), and the
Regional Comprehensive Economic
Partnership (RCEP) aim to promote
trade liberalization, investment
facilitation, and regional economic
cooperation.

Answer 4

Econimic Intergration

Question 5

These initiatives foster regionsl stability address nontraditional security threats and promote joint efforts in counterterrorism maritime security and disaster management

Answer 5

ASEAN Regional Forum, Shanghai Cooperation Organization, Conference on Interaction and Confidence-Building measures in Asia (CICA)

Question 6

is the manifestation or expression of a
common sense of cultural identity and purpose
combined with the creation and implementation of
institutions that express a particular identity and
shape collective action within a geographical
region.
It should be noted, that most of the regional
organizations established after WW II are basically
anchored on economic integration.

Answer 6

Regionalism

Question 7

refers to institutional
arrangements designed to facilitate the free flow of
goods and services and to coordinate foreign economic
policies between countries in the same geographic
region or nearby locale.

Answer 7

Economic Regionalism

Question 8

even
went as far as saying that the regions
economy is already similar in size to
those of Europe and North America,
and its influence in the world
continue to increase.

Answer 8

The Asian Development Bank

Question 9

would refer to
the rapid economic transformation
in the 80’s which did not end with
the 1997/98 financial crisis; for
some countries, it marked the
beginning of renewed acceleration.

Answer 9

The “Asian Miracle”

Question 10

Must Asia continue to go an with its
established regional patterns? Should there be more integration?

Answer 10

YES. A
more dynamic and outward-
looking Asian regionalism could
bring huge benefits not just to
Asia, but more to the
world.

Question 13

Generate
productivity gains,
new ideas, and
competition that
boost economic
growth and raise
incomes across the
world. Contribute to the
efficiency and
stability of global
financial markets by
making Asian
capital markets
stronger and safer and by maximizing thenproductive use of Asian savings. Diversify sources of global demand, helping to stabilize theneorld economy and diminish the risks posed by global imbalances and downturn in other major economies:
Provide leadership
to help sustain open
global trade and
financial systems. Create regional
mechanisms to manage
health, safety, an
environmental issues
better, and thus
contribute to more
effective global
solutions of these
problems.

Answer 13

Advantages and Benefits of Asian Regionalism

Question 13

This is when countries created preferential trade
blocs in an attempt to shelter their economies
from the Great Depression.
Devastating results led to the collapse of
international trade and financial flows,
accelerating the downward spiral of
economic activity.
This experience was foremost in the mind of the
architects of the post-war global economic
system as they adopted the principle of
nondsicrimination as a central pillar of the
General Agreement on Tariffs and Trade (GATT).

Answer 13

1930s

Question 14

Association of
Southeast Asian Nations. Asia Pacific Economic Cooperation.

Answer 14

Asian Regional Organizations

Question 15

regarded as a regional
intergovernmental organization
comprising Southeast Asian
countries which seeks to promote
intergovernmental cooperation
and facilitates economic, political,
security, military, educational and
socio-cultural integration
amongst its members and other
Asian countries, as well as with
the rest of the world.

Answer 15

ASEAN

Question 16

I was established on August
8, 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore, and Thailand.

Answer 16

ASEAN

Question 17

then joined on January 7, 1984, Viet Nam on July 28, 1995, Lao PDR and Myanmar on July 23, 1997, and Cambodia on April 30, 1999, making up what is today the 10 Member States of ASEAN.

Answer 17

BRUNEI Darussalam