Lesson 7 Flashcards
refers to the decentralization of political powers or competencies from a higher towards a lower political level.
Regionalism
refer together to the regions of East (or
Northeast) Asia, South Asia, the Pacific Islands, and South Asia.
The Asia Pacific and South Asia
the central global force in the early modern world economy.
Asia
country that embarked on procuring raw materials like coal and iron at unprecedented economies of scale
Japan
the world’s largest importers of basic raw materials such as iron and surpassed Japan
China
country that opened -up and emphasized an export-oriented strategy
India
a major source of international migrant labor, which is also one of the fundamental characteristics of the era of globalization.
India and China
aims to develop and maintain cooperation with outside actors. This is meant to resolve the tension between the rise of regional trade agreements and the push for global trade as embodied by World Trade Organization (WTO)
Open Regionalism”
refers to the principle of non-discrimination, more specifically an openness in membership and openness in terms of economic flows
Open
Regionalization entails complex and dynamic interactions between and among governmental and nongovernmental actors which resulted to hybrid East Asia
Third Wave
regional economic development took place in japan from mid1950’s to the early 1970s and led to the emergence of a middle-class by the early 1970s
First Wave
took place between the 1960s and 1980s in South Korea, Taiwan, Hongkong and Singapore and led to the formation of middle -class societies in these countries by the 1980s.
Second Wave