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Asian Regionalism
Asian Regionalism
Subtitle
What is Regionalism?
•Regionalism is the political movement with the aim
to preserve or to gain cultural or economic self
reliance (or both). Asian regionalism is the product
of economic interaction, not political planning. As a
result of successful, outward- oriented growth
strategies, Asian economies have grown not only
richer, but also closer together.
• Regionalism is described as actions by governments to
liberalize or facilitate trade on a regional basis, sometimes
through free-trade areas or custom unions.
• It also refers to formal economic cooperation and
economic arrangements of a group of countries aimed at
facilitating or enhancing regional integration.
The original five countries:
•Indonesia
•Malaysia
•Philippines
•Singapore
•Thailand
Goals
• Their aims and purposes were about
cooperation in the economic, social,
cultural, technical, educational and
other fields, and in the promotion of
regional peace and stability through
abiding respect for justice and the
rule and adherence to the principles
of the United Nations Charter. It
stipulated that the Association would
be open for participation by all States
in the Southeast Asian Region
subscribing to its aims, principles and
purposes.
Importance of Asian Regionalism
• Exercise Global Leadership in decision making to
sustain global making trade.
• Connect the region’s capital market to enhance
financial stability.
• Create regional mechanism to manage cross
border health, safety and environmental issue.
Challenges to Asian Regionalism
• The drawbacks of
regionalism include the
possibility for each
individual city or country to
lose their respective
independence and/or
identity.
GLOBAL DIVIDES
What is GLOBAL DIVIDES?