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CONTEMPORARY > LESSON 7 > Flashcards

LESSON 7 Flashcards

1
Q
  • refers to the process of countries in Asia coming together to foster cooperation and integration within the region. It involves the development of political, economic, and social ties among Asian nations with the aim of promoting mutual interests and addressing common challenges.
A

ASIAN REGIONALISM

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2
Q

REGIONAL ORGANIZATIONS AND INITIATIVES IN ASIA

A
  • ASEAN (Association of Southeast Asian Nations)
  • SAARC (South Asian Association for Regional Cooperation)
  • East Asia Summit (EAS)
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3
Q
  • is a regional intergovernmental organization comprising ten Southeast Asian countries.
A

ASEAN (Association of Southeast Asian Nations)

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4
Q
  • is an organization of South Asian nations aimed at promoting regional. cooperation and development in South Asia.
A

SAARC (South Asian Association for Regional Cooperation)

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4
Q
  • is a forum for leaders of East Asian nations to discuss regional issues, economic cooperation, and strategic security.
A

East Asia Summit (EAS)

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4
Q
  • It is the process of dividing an area into smaller segments called regions.
A

Regionalization

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5
Q
  • Division of a nation into states or provinces.
A

Regionalization

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6
Q
  • In the economic context, regionalization is a management tool.
A

Regionalization

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6
Q
  • It can have positive effects on local development and well-being but can also negatively affect national unity and sometimes lead to conflicts.
A

Regionalism

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6
Q
  • It is a process by which businesses or other organizations develop international influence or start operating in an international scale.
A

Globalization

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6
Q
  • Globalization promotes integration of economies across state borders all around the world.
A

Market

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6
Q
  • Are groups of countries located in the same geographical area.
A

Regions

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6
Q
  • It is a political ideology that favors a specific region over a greater area.
A

Regionalism

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6
Q
  • It is a process by which people are unified into a single society & function together.
A

Globalization

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7
Q
  • Regionalization monopolies are more likely to develop. Monopoly means one producer controls supply of a good or service, and where the entry of new producers is prevented or highly restricted.
A

Market

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8
Q
  • Regionalization divides an area into smaller segments.
A

Market

9
Q
  • Globalization allows many corporations to trade on international level; it also allows free market.
A

Market

10
Q
  • It is an unregulated system of economic exchange that requires no tariffs or just minimal
A

Free Market

11
Q
  • It is a tax imposed by one country on the goods & services imported from another country.
A

Tariffs

12
Q
  • Globalization accelerate multiculturalism through free and inexpensive movement of people.
A

Culture & Societal Relations

13
Q
  • Regionalization does not support multiculturalism.
A

Culture & Societal Relations

14
Q
  • It is the view where cultures, races ethnicities deserve special acknowledgment of their differences within a dominant political culture.
A

Multiculturalism

15
Q
  • It is a situation in which all the different cultural or racial groups in society have equal rights and opportunities and none are ignored or regarded as unimportant.
A

Multiculturalism

16
Q
  • Globalization has driven great advances in technology.
A

Technological Advances

16
Q
  • Regionalization advanced technology is rarely available in one country or region.
A

Technological Advances

16
Q
  • The process of bringing together various components, entities, or systems to collaborate more closely and harmoniously is referred to as more integration. Greater integration in the context of economies or regions typically refers to the strengthening of linkages, partnerships, and exchanges between nations or economic organizations inside a certain geographic area.
A

Greater integration

17
Q

It can encompass various aspects, such as:
- Economic integration involves reducing trade barriers, tariffs, and restrictions to promote trade, investment, and growth. -Political integration fosters closer relationships, shared policies, and shared goals.
- Cultural and social integration brings together diverse elements, promoting understanding and social cohesion. -Technological integration shares technology, innovation, and best practices, enhancing efficiency and competitiveness in various sectors.

A

Greater integration

17
Q

has been market-driven. Within Asia, there are a variety of systems, institutions, procedures, social relations, and infrastructures that are put in a place for countries to engage in exchange.

A

Greater integration

17
Q
  • formal institutions such as the Asian Development Bank (ADB) were established. Conceived in 1960s, ADB promotes social and economic development in Asia.
A

Greater integration

18
Q
  • economic grants and overseas development assistance are made available by better Asian economies. For example, the Japanese International Cooperation Agency (JICA) aims to work on human security and quality growth.
A

Greater integration

19
Q
  • production networks have expanded. Economies are mainly on comparative advantage through regional division of labor.
A

Greater integration

20
Q
  • cooperation among the ASEAN and East Asian countries ensued the ASEAN + 3 Financial Minister’s Process that established two economic structures - the Chiang Mai Initiative and the Asian Bond Markets Initiative. The process aims to strengthen policy dialogue, coordination, and collaboration on common financial, monetary, and fiscal issues.
A

Greater integration

21
Q
  • Founded on 8 August 1967 by Indonesia, Malaysia, Singapore, Thailand and the Philippines. Promoted economic growth, social progress and cultural development in the Southeast Asian region through multilateral cooperation.
A

ASEAN (Association of Southeast Asian Nations)

CONTEMPORARY (8 decks)

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