The Contemporary World
ASIAN
REGIONALISM
Presented by:
GARICIA, CLARISSE
GATUNA, AARON LOUIS G.
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
REGIONALIZATION
a process of dividing an area into smaller segments called
regions
GLOBALIZATION
a process by which the people of the world are unified into a
single society and function together
REGIONALISM
is the theory or practice of regional rather than central systems of
administration of economic cultural or political affliation
REGIONALIZATION
the division of a nation into states or provine
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 China and India and their regions growing weight in the
global economy.
The 1997 and 1998 financial crisis dealt a severe setback to 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 they followed similar
paths.
REGIONALIZATION
VS
GLOBALIZATION
As to nature, globalization promotes the integration of economics across
state birders all around the world but regionalization is pricisely the opposite
because it is dividing an area into smaller segments.
As the market, globalization allows many companies to trade on
international level so it allows free market but in regionalized system,
monopolies are likely develop.
REGIONALIZATION
VS
GLOBALIZATION
As to cultural and societal relations, globalization accelerate to
multiculturalism by free and inexpensive movement of people but,
regionalization does not support this.
As to aid, globalization community is also more willing to come to the aid of a
country stricken by a natural disaster but, a regionalized system not get involve in
the affairs of others areas.
As to technological advances, globalization has driven great advanced
technology but advanced technology is rarely available is one country or
region.
FACTORS LEADING TO THE GREATER
INTEGRATION OF THE ASIAN REGIONS
Regional 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, 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
regionn, increasing the free movement of people, labor, goods, and capital across
national borders, reducing the possibility of reginal armed conflict and adopting
cohesive reginonal 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
that focuses
on economic exchange primarily
between
countries in 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.
CHALLENGES TO REGIONALISM
Resurgence of militant nationalism and populism
this involves the conflict between the NATO, the United States, and Vladimir Putin's Anti-NATO
movement.
Continuing financial crisis
The continuing crisis in the European Region continues to lead the United Kingdom into exiting the
European Union.
Conflict between sovereignty and regional stability
The Philippines had a difficulty in letting some countries support its condemnation of China's
occupation of the West Philippine Sea because China had given great investments and economic aid
to these countries.
Differing visions of regionalism
Developed countries like the US may only see regionalism as a tool for political democratization, but
developing countries see regionalism as an obstacle to economic globalization because public inquiry
slows down its implementations.
REFERENCE
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