LESSON 7: ASIAN REGIONALISM

Question 1

TOWARDS ASIAN REGIONALIZATION

is a relatively new aspect of Asia’s rise.

Answer 1

Regionalism

Question 2

TOWARDS ASIAN REGIONALIZATION

are increasingly connected through
trade, financial transactions, direct investment,
technology, labor and tourist flows, and other economic
relationships.

Answer 2

Asia’s economies

Question 3

TOWARDS ASIAN REGIONALIZATION

was an
important catalyst for this new regionalism and gave rise
to a range of new initiatives.

Answer 3

1997/98 financial crisis,

Question 4

TOWARDS ASIAN REGIONALIZATION

could
bring huge benefits not just to Asia, but to the world. It
could help sustain the region’s growth, underpin its
stability, and—with the right policies—reduce inequality.

Answer 4

A dynamic and outward-looking Asian regionalism

Question 5

TOWARDS ASIAN REGIONALIZATION

The center of gravity of the global economy is shifting to

Answer 5

Asia.

Question 6

TOWARDS ASIAN REGIONALIZATION

is already similar in size to
those of Europe and North America, and its influence in
the world continues to increase.

Answer 6

region’s economy

Question 7

TOWARDS ASIAN REGIONALIZATION

the cycle of poverty has been
broken; in others, this historic aim is within sight.

Answer 7

In many Asian countries,

Question 8

TOWARDS ASIAN REGIONALIZATION

is now so important to the world economy that it
must also play a larger role in global economic leadership.

Answer 8

Asia

Question 9

TOWARDS ASIAN REGIONALIZATION

is essential for addressing
these challenges.

Answer 9

Regional economic cooperation

Question 10

TOWARDS ASIAN REGIONALIZATION

is unprecedented.

Answer 10

Asia’s economic rise