form regional organization as a way of coping with the challenges of globalization. Countries respond economically and politically to globalization in various ways. Example: China offers cheap and huge workforce to attract business and expand trade with other countries while smaller countries like Singapore and Switzerland turn themselves into a banking hub to compensate for their lack of resources. In most cases, however, countries form regional alliance to cope up with Globalization. As the saying goes- there is strength in numbers. Countries form regional associations for several reasons: Military defense and the best example is the NATO (North Atlantic Treaty Organization) Countries also pool their resources to get better returns for their exports as well as expand leverage against their trading partners. An example is the OPEC (Organization of the Petroleum Exporting Countries). Some countries create regional blocs to protect their independence from the pressure of superpower politics. (NAM) Economic crisis compels crisis to come together and create a regional organization. ASEAN NATO EU OPEC
Discuss the history, purpose, members and the
policies of the above stated regional organizations. It is not only states that agree to work together in the name of their causes. Communities or NGO’s can also form a regional organization. Are regional organizations really necessary for the development of a country? Are the regional organizations considered also as a key element in globalization? What are the things we acquired or benefited from the ASEAN?