LESSON 2:

ASIAN
REGIONALISM
Asian regionalism is the product of
economic interaction, not political
planning. As a result of successful,
outward- oriented growth strategies,
Asian economies have grown not
only richer, but also closer together.
REGIONALISM
-is the theory or practice of regional
rather than central systems of
administration or economic cultural or
political affiliation.
REGIONALIZATION
•Regionalization is the process of dividing an area into
smaller segments called regions.
•-Ex:
•Division of nation into states or provinces
•Business also use regionalization as management tool.

• In economics, regionalization or sometimes

termed as Localization is a strategy in economics
which focuses on a particular region or area. It
employs differentiation based on regions.
GLOBALIZATION
 It is the process of
international integration
arising from the
interchange of world
views, products, ideas,
and other aspects such
as technology etc.
GLOBALIZATION
VS.
REGIONALIZATION

8
 MARKET:
Globalization allows
many companies to trade
on international level so
it allows free market but
in regionalized system,
monopolies are more
likely to develop.
NATURE:
Globalization promotes the
integration of economies
across state borders all around
the world but, regionalization
is precisely the opposite
because it is dividing an area
into smaller SEGMENTS.
 11

CULTURAL AND
SOCIETAL RELATIONS
Acceleration to
multiculturalism through free
and inexpensive movement of
people, but Regionalization
does not support
multiculturalism
 12

AID
Globalized international
communities are more
willing to aid countries
stricken by disasters, but a
regionalized area does not get
involved in the affairs of
other areas
 13

TECHNOLOGICAL
ADVANCES
Globalization has driven
great advances in
technology, in
regionalization advanced
technology is rarely
available in one country or
region.
FACTORS LEADING TO A
GREATER
INTEGRATION OF THE
ASIAN REGION
 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,
including global trade facilitates.
These nations can readily supply each
other’s
needs.

15
 SIMILAR CULTURE
- The cultures of Asia is diverse
but they do share
many things. This makes it an
easier fit during times of
negotiations.

16
 COMMON GOALS
- The Asian region recognizes the
mutual benefit of a
slow integration, and that is to
accelerate the economic growth,
social progress
and cultural development and to
promote peace.

17
SIMILAR SECURITY NEEDS
- aside from small localized
rebels, this
association needs only to contend
with foreign-supported terrorist
groups which
are usually handled well.

PRESENTATION TITLE 18
BENEFITS OF ASIAN REGIONALISM TO
ASIA:
•-LINK THE COMPETITIVE STRENGTHS OF ITS DIVERSE ECONOMIES.
•-CREATIVE REGIONAL MECHANISM.
•-EFFECTIVE GLOBAL SOLUTIONS.
•-CONNECT THE REGIONS CAPITAL MARKETS.
•-POOL THE REGIONS FOREIGN EXCHANGE RESERVES
•-COOPERATE IN SETTING EXCHANGE RATE AND MACROECONOMIC
POLICIES.
•-EXERCISE LEADERSHIP IN GLOBAL DECISION MAKING
•-BUILD CONNECTED INFRASTRUCTURE AND COLABORATE ON INCLUSIVE
DEVELOPMENT.
•-GENERATE PRODUCTIVITY GAINS, NEW IDEAS, AND COMPETITION .
•-DIVERSIFY SOURCES OF GLOBAL DEMAND.
•-CONTRIBUTE TO THE EFFICIENCY AND STABILITY OF GLOBAL FINANCIAL
MARKETS.
•-STABILIZE WORLD ECONOMY.
•-DIMINISH THE RISKS POSED BY GLOBAL IMBALANCES.
•-PROVIDE LEADERSHIP.
 THANK YOU
FOR
LISTENING!!!