# ASEAN between globalization and regionalization-The purpose of this article is to test the

hypothesis that the ‘ASEAN way’ is different from other regional integration schemes, as
measured by the relative importance of its de facto regionalization patterns, the importance of
its ASEAN+ frameworks, and its globalization-regionalization nexus. A set of indicators using
intra- and extra-regional flow data of various sorts are explored and used to compare the ASEAN
integration experience with some benchmark cases worldwide. Four aspects are thereby
considered: (1) globalization and economic openness, (2) trade liberalization, (3) regional
production sharing, and (4) foreign investment promotion.

globalization -the process by which businesses or other organizations develop international

influence or start operating on an international scale.

regionalization-the way that an area of the world containing several countries becomes more
economically or politically important than the particular countries within that area

# Identify the factors leading to a greater integration of the asian region

1) TRADE - The world economy is intertwined with each other whether we like it or not. We all
want or need something from another part of the world, and global trade facilitates that.

2) SIMILAR CULTURE - The cultures of Asia is diverse but they do share many things. This
makes it an easier fit during times of negotiations.

3) COMMON GOALS - The Asian region recognizes the mutual benefit of a slow integration.
The territories involved are not far from each other and the industriousness of its population
can work as a powerful negotiating block against those from other parts of the world.

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# Analyze how different asian states confront the challenges of globalization and
regionalization