UNIT

VII :

ASIAN
REGIO
N A L IS
M
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 AT IO N REGION
ALIZ ALISM
N
REGIO
i n c r e a s e in the
sa n
Is defined a o f c a pital, Is defined as a political will to
er f lo w
cross-bord w ithin a create a formal arrangement
d p e o p l e
goods, a l area. It
o gr a p h i c a among states on a
specific ge b o ttom up
o m t h e geographical restricted basis.
develops fr y d r iven
c i e t a l l Since its main participants
through so markets,
om i n g f r o m
processes c are government, it can be
a n d i n v e stment
de,
private tra h i s s trictly expressed as an artificial, top-
of w h i c
flows, none e r nments. down process.
b y g o v
controlled
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 I ZAT I O N
ON A L
REGI IA
IN A S
b u i l d b ridges
l iz a ti o n helped
Region a . Asian
o u n t r i e s
ian c nomic
among As is a res u l t o f e c o
l i z a ti o n
Region a
d e , fi n a n cial
i ti e s s u c h as tra h n ol ogies,
activ stments , te c
a c t i o n s i n v e
o n n e c t A sian
tran s w s that c
tou r i s t fl o zation
b o r , a n d R e g i o n a l i
la e r . Asian
u n t r i e s t o g e t h
i o n sh i p s and it
co
n t e d g l o bal relat but also
m p l e m e to A s i a
co l n ot only
a m e b e n e f i c i a
i n th e re gion's
bec e l p ed susta
rld . I t h lization.
to the wo r ibuted t o g l o b a
n d c o n t
growth a
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 ASEAN as a Model of Regionalism

The Association of Southeast Asian Nations, or ASEAN, was

established on 8 August 1967 in Bangkok, Thailand, with the
signing of the ASEAN Declaration [Bangkok Declaration] by the
Founding Fathers of ASEAN, namely Indonesia, Malaysia,
Philippines, Singapore, and Thailand. Brunei Darussalam, Vietnam,
Lao PDR, Myanmar, and Cambodia making up the ten Members
States of ASEAN.
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 AIMS
As set out in the
and ASEAN

PURPOSES Declaration, the

aims and purposes of
(asean.org) ASEAN are:
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 • To accelerate the
economic growth, social ● To promote regional
progress and cultural peace and stability
development in the region
through abiding respect
through joint endeavors in
the spirit of equality and for justice and the rule of
partnership in order to law on the relationship
strengthen the foundation among countries of the
fora prosperous and region and adherence to
peaceful community of the principles of the
Southeast Asian Nations.
United Nations Charter.
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 • To promote active
collaboration and ● To provide assistance to
mutual assistance on each other in the form of
matters of common training and research
interest in the facilities int he
economic, social, educational, professional,
cultural, technical, technical and
scientific and administrative spheres.
administrative fields.
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 • To collaborate more
effectively for the greater ● To promote Southeast
utilization of their Asian studies.
agriculture and industries, ● To maintain close and
the expansion of their
beneficial cooperation with
trade, including the study
existing international and
of the problems of
regional organizations with
international commodity
similar aims and purposes,
trade, the improvement of
and explore all avenues for
their transportation and
communications facilities, even closer cooperation
and the raising of the living among themselves.
standards of their peoples.
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 ASIAN
REGIONALISM
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 ASIAN REGIONALISM

WHAT ARE THE CHALLENGES?

Regionalization and Regionalism's main

goal is to develop the economy of the
nation. Within it's goal, there are
challenges that the nations must face.
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 ● Exclusion of countries that do not belong in the region.
● A threat to strategic partnerships with countries from other
regions .
● Compromised financial stability that may result in a
deepening credit crisis and a weak currency. ​
● Expensive and difficult flow of goods because of the threats
on and security of a country. ​
● Environmental damages may result in radical changes in
economic policies.
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 How can regionalism help Asia grow as a region?
According to the Asian Development Bank (adb.org),Asia
may be able to address the challenges of regionalism by:
1. Linking the competitive strengths of it's diverse economies to
boost productivity and to sustain the region's growth. ​
2. Connecting the region's capital markets to enhance financial
stability,reduce the cost of capital,and improving opportunities
for sharing risks.
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 3. Cooperating in setting exchange rates and macroeconomic policies in
order to minimize the effects of global and regional shocks and to facilitate
the resolution of global imbalances. ​
4. Creating regional mechanisms to manage cross border health, safety, and
environmental issues better.
5. ​Exercising leardership in global decision making to sustain the open
global trade and financial systems that have supported a half century of
unparalleled economic development.
6. ​Building connected infrastructure and collaborate on inclusive
development to reduce inequalities within and across economies and thus
strengthen support for pro growth policies.
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 Globalization is a proces
s
of interaction and
IO N O F
DEFINIT
integration among the
people, companies, and

L IZA TI O governments of differen

GLOBA
t
nations around the world
,
N a process driven by
international trade and
investment and aided by
information technology.
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 How does Regionalization differ to Globalization?

GLOBALIZATION REGIONALIZATION

Countries across the world Countries from specific

help each other for their region help each other for
own development. their development.
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 K
YOU!
THAN
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