ASEAN Emblem and Integration

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Questions and Answers

What is the purpose of ASEAN integration?

To increase competition among member states

To control the direction of the economy (correct)

To establish the ASEAN emblem

To create barriers between member states

When was the Association of Southeast Asian Nations (ASEAN) founded?

April 30, 1999

January 1, 2000

July 28, 1995

August 8, 1967 (correct)

Which country is NOT one of the founding fathers of ASEAN?

Vietnam (correct)

Philippines

Thailand

Indonesia

What does market integration refer to?

Related markets of goods and services moving similarly in price Signup and view all the answers

Which country joined ASEAN last, completing the ten member states?

Cambodia Signup and view all the answers

What is the ASEAN Economic Community (AEC) aimed at achieving?

Fostering economic growth and regional integration Signup and view all the answers

Which of the following institutions is considered the world's largest development institution?

World Bank (WB) Signup and view all the answers

When was the International Monetary Fund (IMF) created?

1945 Signup and view all the answers

What is the primary goal of the World Bank?

Ending extreme poverty Signup and view all the answers

How much is considered as the poverty threshold in the Philippines as of 2021 for a family of 5?

Php 10,000/month Signup and view all the answers

What does the IMF work towards according to the text?

Fostering global monetary cooperation Signup and view all the answers

Which bank was founded in 1944 as the International Bank for Reconstruction and Development?

World Bank (WB) Signup and view all the answers

What do the colors blue, red, white, and yellow represent in the ASEAN emblem?

Blue - peace, Red - courage, White - purity, Yellow - prosperity Signup and view all the answers

What do the ten stalks of padi in the ASEAN emblem symbolize?

Friendship among the ten member countries Signup and view all the answers

Which statement best describes the ASEAN Economic Community?

A major milestone in regional economic integration in ASEAN Signup and view all the answers

What are the Four Pillars of the ASEAN Economic Community?

Single Market and Production Base, Competitive Economic Region, Equitable Economic Development, Integration into Globalized Society Signup and view all the answers

Which term best describes International Financial Institutions (IFI’s)?

Provide financial support through grants and loans for development activities Signup and view all the answers

What was ASEAN collectively in 2014 according to the text?

The third largest economy in Asia and seventh largest in the world Signup and view all the answers

Study Notes

ASEAN Integration

The Association of Southeast Asian Nations (ASEAN) was founded on August 8, 1967, by Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
Brunei joined ASEAN in January 1984, completing the 10-member states.
The ASEAN Economic Community (AEC) launched in 2015 and aims to create a single market and production base, enabling the free flow of goods, services, investment, and skilled labor.
The AEC's objectives are to achieve economic integration, accelerate economic growth, improve the standard of living, and reduce poverty in the region.
The Four Pillars of the AEC are: a single market and production base, a highly competitive economic region, a region with equitable economic development, and a region fully integrated into the global economy.
ASEAN collectively achieved the highest growth rate among all regions in the world in 2014.

International Financial Institutions (IFIs)

The IMF was created in 1944 to promote global monetary cooperation and financial stability.
The World Bank, founded in 1944 as the International Bank for Reconstruction and Development, aims to reduce poverty and improve living standards by providing loans, grants, and technical assistance to developing countries.

Poverty Threshold in the Philippines

In the Philippines, a family of 5 is considered poor if their daily income is below ₱1,213 in 2021 (about $22 USD).

ASEAN Emblem

The ASEAN emblem consists of ten stalks of padi, intertwined to form a circle.
The stalks of padi symbolize the unity of ASEAN member states.
The blue, red, white, and yellow colors represent peace, progress, stability, and dynamism.

Market Integration

Market integration refers to the process of merging separate markets into a larger, more unified marketplace. This often involves reducing trade barriers, harmonizing regulations, and promoting economic cooperation.

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Description

This quiz covers information about the ASEAN emblem and its symbolism, as well as the integration efforts among ASEAN countries. Learn about the colors and symbols representing peace, stability, courage, dynamism, purity, and prosperity, as well as the vision of ASEAN's founding fathers for regional unity.