Asian Regionalism Module 5

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Questions and Answers

What is the primary difference between regionalization and globalization?

Regionalization is the process of dividing an area into smaller segments, while globalization is the process of unifying the world into a single society. (correct)
Regionalization is focused on economic systems, while globalization is focused on political systems.
Regionalization is driven by individual actors, while globalization is driven by collective actors.
Regionalization is the process of unifying the world, while globalization is the process of dividing an area into smaller segments.

What is the primary driver of regionalization?

The lack of a common sense of identity and purpose among nations.
The need for countries to compete with each other.
The creation of institutions that express a particular identity and shape collective action. (correct)
A desire for global unity and cooperation.

What is the primary goal of regionalization?

To create a global government that regulates all nations.
To achieve global dominance and supremacy.
To isolate individual countries from the rest of the world.
To promote economic cooperation and achieve common goals. (correct)

What is regionalism defined as?

A political ideology that favors a specific region over a greater area. (C) Signup and view all the answers

What is the outcome of regionalization?

The creation of formal political or economic arrangements between groups of countries. (D) Signup and view all the answers

What is the primary characteristic of regionalization?

The creation of institutions that express a particular identity and shape collective action. (C) Signup and view all the answers

What is the primary reason countries form regional organizations?

To cope with the challenges of globalization (D) Signup and view all the answers

What is the result of economic interaction between Asian countries?

A stronger and more connected region (C) Signup and view all the answers

What is the purpose of regionalization?

To divide a nation into states or provinces (C) Signup and view all the answers

What is the term for the theory or practice of regional systems of administration?

Regionalism (A) Signup and view all the answers

What is the significance of Asia in the global economy?

It is the new stabilizing engine of global economic growth (D) Signup and view all the answers

What is the goal of Asian regional initiatives?

To find new and flexible forms of cooperation (A) Signup and view all the answers

What is the primary goal of regional integration?

To remove barriers to free trade in the region (A) Signup and view all the answers

What does intra-regional trade refer to?

Trade which focuses on economic exchange primarily between countries of the same region or economic zone (B) Signup and view all the answers

When was ASEAN established?

8 August 1967 (C) Signup and view all the answers

What is the primary goal of ASEAN?

To accelerate the economic growth, social progress, and cultural development in the region (B) Signup and view all the answers

What is the primary focus of ASEM?

To dialogue and cooperate on big challenges of a fast-changing world (D) Signup and view all the answers

What are the principles of ASEM?

Self-confidence, self-reliance, mutual respect, cooperation, and solidarity (A) Signup and view all the answers

What percentage of global GDP do ASEM partners represent?

65% (B) Signup and view all the answers

What is the primary purpose of ASEM?

To provide a platform for political dialogue and economic cooperation (B) Signup and view all the answers

Which of the following countries is NOT a member of ASEM?

Brazil (A) Signup and view all the answers

How many percent of global population do ASEM partners represent?

60% (D) Signup and view all the answers

What is the total number of APEC member countries?

20 (C) Signup and view all the answers

Which institution is an institutional partner of ASEM?

ASEAN Secretariat (A) Signup and view all the answers

What is the primary goal of regional integration agreements?

To promote economic growth and stability (C) Signup and view all the answers

What is a key factor facilitating the integration of Asian regions?

Development of transport infrastructure (D) Signup and view all the answers

What is a common form of regional integration initiatives?

Combination of supranational and governmental structures (B) Signup and view all the answers

What is a benefit of regional integration?

Underpinning regional stability and growth (C) Signup and view all the answers

What type of movement is facilitated by regional integration?

Movement of people, goods, and services (D) Signup and view all the answers

What is a common objective of regional integration agreements?

To promote political economy initiatives (C) Signup and view all the answers

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Study Notes

Regionalism vs. Globalization

Regionalization: dividing an area into smaller segments called regions
Globalization: unifying people of the world into a single society and functioning together
Regionalism: theory or practice of regional rather than central systems of administration of economic, cultural, or political affiliation
Regionalization: division of a nation into states or provinces

Factors Leading to Greater Integration of Asian Regions

Regional integration: process in which neighboring states enter into an agreement to upgrade cooperation through common institutions and rules
Objective of regional integration: economic, political, or environmental, typically taking the form of political economy initiative
Regional integration organized via: supranational institutional structures or governmental decision-making or a combination of both

Importance of Asian Regionalism

Helps sustain regional growth
Underpins regional stability
Reduces inequality
Marshals common response to major challenges
Sustains global economic progress

ASEAN and ASEM

ASEAN (Association of Southeast Asian Nations) established on August 8, 1967, in Bangkok, Thailand
ASEAN promotes regional peace and stability, enhances regional resilience, and cooperates in all fields based on principles of self-confidence, self-reliance, mutual respect, cooperation, and solidarity
ASEM (Asia-Europe Meeting) is a unique, informal platform for dialogue and cooperation between Asia and Europe on global challenges
ASEM aims to promote exchange of ideas, strengthen economic cooperation, and tackle global challenges together
ASEM partners represent around 65% of global GDP, 60% of global population, 75% of global tourism, and 68% of global trade

Intra-Regional Trade and Economic Integration

Regional integration focuses on removing barriers to free trade, increasing the free movement of people, labor, goods, and capital across national borders
Reduces the possibility of regional armed conflict and adopts cohesive regional stances on policy issues such as environment, climate change, and migration
Intra-regional trade refers to trade which focuses on economic exchange primarily between countries of the same region or economic zone

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