Regional Integration And Role Of Regional Organizations Flashcards
Key aspects of regional integration
Economic integration (trade agreements)
Political integration (EU)
Social and cultural integration
Security integration (NATO)
3 main types of regional institution
Multipurpose institutions (OAS)
Economic focused (EU)
Security alliances (NATO)
Baghdad Pact
1955 was signed by Iran, Iraq , Pakistan, Turkey and UK
China
APEC
ASEAN
BRICS
Goals of regional integration in Europe
Peace and stability
Economic cooperation
Political union
Strengthening global position
Evolution of RI in Europe
1957: Treaty of Rome
1992: Maastricht treaty
2002: introduction to euro
Challenges of RI in Europe
Economic disparities
Migration and border policies
Financial crisis
Geopolitical tensions
Asian integration goals
Economic growth and dev
Political stability and security
Connectivity and infrastructure dev
Evolution of Asian RI
1967: ASEAN (regional stability)
1989: APEC (free trade)
2020: RCEP(world’s largest trade agreement)
Challenges Asian integration
Diverse economies and development levels
Language barriers
Geopolitical trend ions
Nationalism and sovereignty
Vulnerability to external shocks
African integration goals
Economic growth and dev
Political stability and peace building
Continental connectivity and infrastructure
Evolution of African integration
1964: OAU (unity, solidarity and cooperation)
2008:TFTA (to integrate 3 major regional economic communities)
2019: AfCFTA (single market for goods)
Challenges African RI
Diverse economies and dev gaps
Political instability and conflicts
Infrastructure deficits
National interest vs regional goals
Latin American RI goals
Economic growth and trade
Political cooperation and stability
Social dev and reducing inequalities
Evolution of LA RI
1960; LAFTA( eliminate trade barriers)
2004: ALBA( political and economic alternative to promote social justice…)
