Unit 4 - ASEAN - Trade Blocs

Question 1

Where are the headquarters of ASEAN?

Answer 1

• headquarters in Jakarta, Indonesia

Question 2

How many member states are there in the ASEAN?

Answer 2

• 10 countries

Question 3

What was the original aim of ASEAN?

Answer 3

• originally used to balance out political conflicts between Malaysia, the Philippines and Indonesia

Question 4

What are the aims of the ASEAN?

Answer 4

• accelerate economic growth, social progress and cultural development
• promote regional peace and stability
• promote active collaboration and mutual assistance in economic, social, cultural, technical, scientific and administrative fields
• provide assistance to member countries in the form of training and research facilities
• effective collaboration to expand the agricultural and industrial industry, improve transportation and communication facilities and raising living standards of people
• to promote southeast Asian studies and training
• to maintain close and beneficial cooperation with existing international and regional organisations with similar aims and purposes

Question 5

What are the benefits of the ASEAN?

Answer 5

• larger markets and no extra taxes
• liberalisation
• national firms can merge and become TNCs
• countries protected by foreign competitors as they are able to put tariffs, embargoes and quotas on imported goods from countries that are not in it

Question 6

What are the possible future changes of the ASEAN?

Answer 6

• currently have 630 million citizens and the majority are young - could become a problem in 2025
• the 10 economies are the 6th largest economy in the world - should improve to rank 5 in 2020
• regions demographic-dividend is time-limited in 2025 and needs to make a change now

Question 7

What is a trade bloc?

Answer 7

• a type of intergovernmental agreement where barriers to trade (tariffs and others) are reduced or eliminated among the participating states