Topic 2 - Asian Regionalism Flashcards
A product of economic interaction not political planning.
Asian Regionalism
It is a relatively new aspect of Asia’s rise such its economies are increasingly connected through trade, financial transactions, direct investments, technology, labor and other economy relationships.
Asian Regionalism
Defined as the construction and utilization of multilateral intergovernmental institutions to:
* share information
* develop, endorse, and enforce common rules and regulations.
* settle disputes
Regionalism
This can help Asia address regional challenges as well as provide stronger foundations for its global role.
Regionalism
The process of dividing an area into smaller segments called regions.
Regionalism
What is the reason behind the process of dividing a place into segments?
- Security issues
- Promote peace and stability.
It served as the development of political, economic, or social systems based on loyalty to a distinct geographic region.
Regionalism
It is the process of spreading technology, products, information, and jobs across nations.
Globalization
How do globalization and regionalism differ?
- Nature
- Market
- Cultural and social relations
- Aid
- Technological advances
The act of bringing together smaller components into a single system that functions as one.
Regional Integration
It is the greater integration with other Asian economies that would lead to substantial investment in flows .
Regional Integration