week 6 resettt ( Semi Finals Din ) Flashcards
___________ is the product of economic interaction, not political planning
Asian regionalism
As a result id successful, outward orientes growth strategies, ________ economies have grown not only richer, but also closer together.
Asin
In recent years, new technological trend have further strengthened ties among them as the rise of the ______ and______ and the region’s growing weight in the global economy
PRC
India
But _______ also played a role
adversity
The ________ dealt a severe setback to much of the region, highlighting Asia’s shared interests and common vulnerabilities and providing an impetus for regional cooperation
1997/98 financial crisis
The 1997-1998 crisis taught _________ that ________ is key to overcoming problems.
Asia
Unity
The Japanese economist__________ famously compared this pattern of development to flying geese.
Akamatsu
In this model, economies moved in formation not because they were directly linked to each other, but because they followed similar paths. Since these development paths hinged on sequential-and sometimes competing-ties to markets outside the region, they did not initially yield strong economic links within Asia itself.
Flying geese
____________ is at the center of the development of such production networks because it has efficient transport and communication links, as well as policies geared to supporting trade.
Asia
As these new production patterns tie Asian economies closer together, they also boost the ________ of the region’s firms.
international compertitiveness
Against this background, the financial crisis that swept through Asia in 1997/98-in this chapter, referred to simply as “_____ “-put the region’s interdependence into harsh new focus
the crisis
Emerging Asian economies that had opened up their financial markets-____________ , Republic of the _______________, the___________, and ___________ -were worst hit, but nearly all Asian economies were eventually affected.
Indonesia
Korea
Philippines
Thailand
According to ________ and Helen V. Milner, state that economic and political definitions of regions vary, but there are certain basic features that everyone can agree on.
Edward D. Mansfield
A group of countries located in the same geographically specified area
Regions
an amalgamation of two regions(or) a combination of more than two regions
Regions
organized to regulate and “ oversee flows and policy choices”
Regions
regional contraction os economic flows
RegionaliZation
A political process charaterized by economic policy cooperation and coordination among countries
Regionalism
Difference between regionalization and regionalism
Regionalization happens naturally when countries trade and do business together
Regionalism is when governments make official rules or agreements to work together.
Exmaples between regionalization and refionalism
Regionalization Japanese car companies use parts from different Asian countries
Regionalism ASEAN creates trade deals to help member countries grow together.
Countries for regional association for several reasons. One is for__________
military defense
the mose widely known defense grouping is the ______ formed during the Cold War when several Western European countries plus the United States agreed to protect Europe against the threat of the Soviet Union
North Atlantic Treaty Organization (NATO)
The organization of the _____ was established in 1960 by Iran, Kuwait, Saudi Arabia, and Venezuela to regulate the production and sale of oil.
Petroleim Exporting Countries (OPEC)
The presidents of Egypt, Ghana, India, Indonesia, and Yugoslavia created the in ___________1961 to pursue world peace and international cooperation, human rights, national sovereignty, racial and national equality, nonintervention, and peaceful conflict resolution.
Non-aligned Movement (NAM)
The crisis made ______ more” unified and coordinate”
ASEAN
