ASEAN and Asian Economies Quiz

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Questions and Answers

What action finally stabilized the Asian economies after the crises, according to the text?

  • Creation of the Warsaw Pact
  • Intervention by the United States
  • Formation of NATO
  • Establishment of an emergency fund by ASEAN countries (correct)

Which organization acted as a military alliance to isolate Vietnam after the Vietnam War?

  • NATO
  • ASEAN (correct)
  • Non-Aligned Movement (NAM)
  • Organization of the Petroleum Exporting Countries (OPEC)

What is a characteristic of 'New Regionalism' as described in the text?

  • Opposes any form of economic cooperation
  • Exclusively revolves around territorial defense issues
  • Focused on maintaining the status quo of traditional institutions
  • Involvement of a variety of state and nonstate actors (correct)

Which entity may opt to partner with governments to initiate social change, based on the text?

<p>Non-governmental Organization (NGOs) (D)</p> Signup and view all the answers

Which entity is associated with 'New Regionalism'?

<p>Tiny associations focusing on single causes (D)</p> Signup and view all the answers

What was the main outcome of the crises on ASEAN, according to the text?

<p>&quot;Unification and coordination&quot; (C)</p> Signup and view all the answers

What was the main reason the Non-Aligned Movement (NAM) was created in 1961?

<p>To pursue world peace, international cooperation, and independence from superpower politics (C)</p> Signup and view all the answers

What was the primary motivation behind the creation of OPEC?

<p>To establish a source of immense power through oil integration (A)</p> Signup and view all the answers

Why did the Thai economy collapse in 1996?

<p>As a result of foreign currency speculators and troubled international banks demanding loan repayments (A)</p> Signup and view all the answers

What differentiated the Non-Aligned Movement (NAM) from other global associations during its inception?

<p>It avoided aligning with Western capitalist democracies or communist states (D)</p> Signup and view all the answers

Which two continents were most affected by the economic crises that spread after the collapse of the Thai economy in 1996?

<p>Asia and Africa (A)</p> Signup and view all the answers

What was the geographical focus of OPEC-member countries according to the provided text?

<p>Middle Eastern countries and some regions in Africa (C)</p> Signup and view all the answers

What was the purpose of establishing the North Atlantic Treaty Organization (NATO) during the Cold War?

<p>To protect Europe against the threat of the Soviet Union (A)</p> Signup and view all the answers

Which countries were part of the Warsaw Pact, a defense grouping created in response to NATO?

<p>Eastern European countries under Soviet domination (B)</p> Signup and view all the answers

What was the main motivation behind the establishment of the Organization of the Petroleum Exporting Countries (OPEC) in 1960?

<p>To regulate the production and sale of oil (A)</p> Signup and view all the answers

How did OPEC flex its muscles in the 1970s?

<p>By taking over domestic oil production and controlling crude oil prices globally (A)</p> Signup and view all the answers

What is a key characteristic of the Non-Aligned Movement (NAM)?

<p>Not being aligned with any major power bloc during the Cold War (C)</p> Signup and view all the answers

Which term best describes the pressures faced by superpowers during the Cold War era?

<p>Geopolitical competition and ideological conflicts (C)</p> Signup and view all the answers

Flashcards

Stabilization of Asian Economies

Emergency fund established by ASEAN countries.

ASEAN's Role Post-Vietnam War

A military alliance formed to isolate Vietnam post-Vietnam War.

Characteristic of 'New Regionalism'

Involvement of diverse state and nonstate actors in regional processes.

Role of NGOs

May partner with governments to drive social change initiatives.

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New Regionalism Entity

Characterized by tiny associations focusing on specific issues.

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Impact of Crises on ASEAN

Increased unification and coordination among member states.

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Reason for NAM's Creation

To promote world peace, international cooperation, and independence from superpower politics.

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Primary Motivation Behind OPEC

To gain substantial power through oil integration.

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Thai Economy 1996 Collapse

Foreign currency speculators and troubled international banks demanded loan repayments.

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NAM's Differentiation

It remained independent from both Western capitalist and communist blocs.

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Continents Most Affected by 1996 Crisis

Asia and Africa

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Geographical Focus of OPEC

Primarily Middle Eastern countries and some regions in Africa.

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Purpose of NATO

To protect Europe from the Soviet Union.

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Warsaw Pact Countries

Eastern European countries under Soviet control.

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Main Motivation for OPEC

To control oil production and sales.

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OPEC's Power in the 1970s

Taking over internal oil production and manipulating crude oil prices globally.

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Key Characteristic of NAM

Not aligning with major power blocs during the Cold War.

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Pressures of the Cold War

Geopolitical competition and ideological conflicts.

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