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Chapter 5 Asian Regionalism

Regionalism is a political ideology that favors a specific region over a larger area. It usually results from political, religious, geographic, cultural or linguistic divisions. Regionalization is the process of dividing an area into smaller segments called regions. Asian regionalism has grown due to increasing economic interaction between Asian countries. Their economies have become closely intertwined as trade networks have expanded across borders. Factors leading to greater Asian regional integration include removing barriers to trade, increasing movement of people and capital, and adopting common stances on issues like the environment.
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0% found this document useful (0 votes)
199 views15 pages

Chapter 5 Asian Regionalism

Regionalism is a political ideology that favors a specific region over a larger area. It usually results from political, religious, geographic, cultural or linguistic divisions. Regionalization is the process of dividing an area into smaller segments called regions. Asian regionalism has grown due to increasing economic interaction between Asian countries. Their economies have become closely intertwined as trade networks have expanded across borders. Factors leading to greater Asian regional integration include removing barriers to trade, increasing movement of people and capital, and adopting common stances on issues like the environment.
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Domngo B.

Taguiam
Social Science Instructor
What is
Regionalism?
 a political ideology that favors a
specific region over a greater
area

 it usually results due to political


separations, religion, geography,
cultural boundaries, linguistic
regions and managerial divisions
o at i on
i z a ti b al i z
gi on al G lo
Re
n
a process of dividing an area a process by which the people
into smaller segments called of the world are unified into a
regions single society and function
together
Regionalis
is the theory or practice of regional rather than central systems of
m
administration of economic cultural or political affiliation

Regionalizatio
n
the division of a nation into states or
provinces
Why countries form regional
organization?
They form
regional
organization as a
way of coping
with the
challenges of
globalization
Asian
Regionalism
a product of economic
interaction between Asian
countries
Asian Regionalism
 Asian economies have grown not only richer, but also closer together.

 New technological trends have further strengthened ties among them,


as have the rise of the China and India and the region's growing weight
in the global economy.
 The 1997/1998 financial crisis dealt a severe setback too much of the
region, highlighting Asia's shared interests and common vulnerabilities
and providing an impetus for regional cooperation.
Asian Regionalism
 In the early stages of Asia's economic takeoff, regional integration
proceeded slowly. East Asian economies focused on exporting to
developed country markets.
 The Japanese economist Akamatsu (1962) famously compared this
pattern of development to flying geese. In this model, economies
moved in formation not because they were directly linked to each
other, but because they followed similar paths.
Asian Regionalism
 Now, Asian economies are becoming closely intertwined.

 Interdependence is deepening because Asia's economies have grown


large and prosperous enough to become important to each other, and
because their patterns of production increasingly depend on networks
that span several Asian economies and involve wide ranging
exchanges of parts and components among them.
Regionalizatio Globalization
n
 As to nature, globalization promotes the integration of
economics across state borders all around the world but
regionalization is precisely the opposite because it is dividing an
area into smaller segments
 As to market, globalization allows many companies to trade on
international level so it allows free market but in regionalized
system, monopolies are likely to develop
Regionalizatio Globalization
n by free and inexpensive movement of people but,
 As to cultural and societal relations, globalization accelerate to
multiculturalism
regionalization does not support this
 As to aid, globalized international community is also more willing to
come to the aid of a country stricken by a natural disaster but, a
regionalized system does not get involved in the affairs of other areas
 As to technological advances, globalization has driven great advances in
technology but advanced technology is rarely available in one country or
region.
Factors Leading to the Greater Integration of the
Asian Regions
 Regional integration is a process in which neighboring states enter into an
agreement in order to upgrade cooperation through common institutions
and rules
 The objectives of the agreement could range from economic to political to
environmental, although it has typically taken the form of a political
economy initiative
 Regional integration has been organized either via supranational
institutional structures or through intergovernmental decision-making, or a
combination of both
Factors Leading to the Greater Integration of the
Asian Regions
 Regional integration have often focused on removing barriers to free trade
in the region, increasing the free movement of people, labor, goods, and
capital across national borders, reducing the possibility of regional armed
conflict and adopting cohesive regional stances on policy issues, such as the
environment, climate change and migration.
Factors Leading to the Greater Integration of the
Asian Regions
 Intra-regional trade refers to trade which focuses
on economic exchange primarily between
countries of the same region or economic zone

 In recent years, countries within economic-trade


regimes such as ASEAN in Southeast Asia for
example have increased the level of trade and
commodity exchange between themselves which
reduces the inflation and tariff barriers associated
with foreign markets resulting in growing
prosperity
Domngo B. Taguiam
Social Science Instructor

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