COLLEGE OF INFORMATION AND TECHNOLOGY

THE CONTEMPORARY WORLD

LESSON 3: PART 2
A WORLD OF REGIONS

LEARNING OUTCOMES:
At the end of the lesson, the students should be able to:
1. define the term “global south” from the Third World;
2. Analyze how a new conception of global relations emerged
from the experience of Latin America; and,
3. Analyze how different Asian states confront the challenges
of globalization and regionalization.

Global conception emerged from the experiences of Latin American Countries

Growth rate in some Latin American countries have surprised many. They have
been continuously high for some years and promise to be so in the next period as well.

Latin American’s contributions are especially visible and relevant such as

regionalism, security management, and Latin American’s relations with the outside
world.
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ASIAN REGIONALISM

Asian Regionalism is
the product of
economic interaction,
not political planning.

As a result of In recent years, new BUT adversity or difficulty

successful, outward technological trends have always played a role.
oriented growth further strengthened ties  The 1997/98 financial
strategies, Asian among them, as have the crisis dealt a severe
Economies have rise of the PRC (People's setback to much of the
grown not only richer, Republic of China) and region, highlighting Asia’s
but also closer India and the region’s shared interests and
together. growing weight in the common vulnerabilities
global economy. and providing motivation
for regional cooperation.
The challenge now facing
Asia’s policy makers is
simply put yet incredibly
complex.

The Contemporary World 1st Semester, S.Y. 2020-2021 Juvielyn M. Agustin1

 Early Stages of Asia’s Economic takeoff

Regional Integration proceeded slowly

East Asian Economies, in particular, focused on exporting to developed country markets rather
than selling to each other.

INITIALLY, they specialized in simple, labor-intensive manufacturers.

As the more advanced among them progressed to more sophisticated products, less
developed economies filled the gap that they left behind.

The Japanese Economist AKAMUTSU (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.
Since these development paths hinged on
sequential – and sometimes competing – ties
to markets outside the region, they did not
initially yield strong economic links within Asia
itself.

NOW, though, Asian economies are becoming closely intertwined. This is not because the
region’s development strategy has changed; it remains mainly nondiscriminatory and outward-
oriented (oriented towards export and trade). Rather, 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.

The Contemporary World 1st Semester, S.Y. 2020-2021 Juvielyn M. Agustin2

 Regionalism versus Globalization

Regionalism is the process of dividing an area into smaller segments called

regions. Example is the division of nation into states or provinces. Business uses
regionalization as a total in Management.

On the other hand, Globalization is the process of international integration

arising from the interchange of world views, products, ideas and other aspects, such as
technology, etc.

Globalization promotes the integration of economics across

the state boarders all around the world.
As to
nature
Regionalization is precisely the opposite because it is
dividing an area into smaller segments.

Globalization allows many companies to trade on

international level so it allows free market.
As to
market
In regionalized system, monopolies are likely to develop.

Globalization accelerates to multiculturalism by free and

As to inexpensive movement of people.
cultural and
societal
relations Regionalization does not support multiculturalism.

Globalized international community is also more willing to

come to the aid of a country stricken by a natural disaster.

As to aid
A regionalized system does not get involved in the affairs
of other areas.

Globalization has driven great advances in technology

As to
technologic
al advances
In a region or country, advanced technology is rarely
available.

The Contemporary World 1st Semester, S.Y. 2020-2021 Juvielyn M. Agustin3

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 where
commercial interests are the focus for achieving broader socio-political and security
objectives, as defined by national governments. Regional integration has been
organized either via supranational institutional structures or through intergovernmental
decision-making, or a combination of both.

Past efforts at 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 (for
example, through Confidence and Security-Building Measures), and a adopting unified
regional stances on policy issues, such as the 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. In recent years 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.

End of Lesson 3: Part 2

The Contemporary World 1st Semester, S.Y. 2020-2021 Juvielyn M. Agustin4

 ASSESSMENT SHEET

MAP MAKING: Prepare a map using a white long cartolina. Use any
kind of drawing material/instrument.

TASKS:
BSIT 2A – Map of the Global North (Identify the countries)
BSIT 2B – Map of the Global South (Identify the countries)

PLEASE TAKE NOTE OF THE FOLLOWING:

1. This activity will be submitted on October 25, 2021, Monday at

11:45 p.m.
2. You are required to take 3 photos of you and your activity:
a. A photo of you while drawing the map;
b. A photo of you holding the finished map; and
c. A photo of the Map.
3. The 3 photos should be copied and paste in a document.
4. The file you will submit may be in a word doc. or PDF type.
5. Please do not rush; you have a lot of time to accomplish the said
activity.

Thank you and God bless

The Contemporary World 1st Semester, S.Y. 2020-2021 Juvielyn M. Agustin5