1. Equator- imaginary line running east - west, dividing it into northern and southern hemispheres.

2. Regionalization- The process of dividing an area into smaller segments called regions.
3. Region- Are groups of countries located in the same geographical area.
4. Southeast Asia- Philippines
5. Economic Regionalism- Refers to the institutional arrangements designed to facilitate the free flow of
goods, services, and to coordinate foreign economic policies between countries in the came geographic
region or nearby locale.
6. Monopoly means one producer controls supply of good or services, and where the entry of new producers
is prevented or highly restricted.
7. Globalization- Promotes integration of economies across state borders all around the world
8. Regionalization- Monopolies are more likely to develop. Monopoly means one producer controls supply
of good or services, and where the entry of new producers is prevented or highly restricted.
9. Globalization- Allows many corporations to trade on international level; it allows free market
10. .
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12. . Regionalization- does not get involved in the affairs of other areas
13. Globalization- Globalized international communities are more willing to aid countries stricken by disasters
14. Regionalization- Advanced technology is rarely available in one country or region.
15. Trade- The world economy is intertwined with each other whether we like it or not. We all want or need
something from another part of the world, and global trade facilitates.
16. Similar Cultures- The cultures of Asia is diverse but they do share many things. This makes it an easier fit
during times of negotiations.
17. Similar Security Needs- The Asian region recognizes the mutual benefit of a slow integration, and that is
to accelerate the economic growth, social progress and cultural development and to promote peace.
18. Philippines is located in the Northern Hemisphere- TRUE
19. First World - developed, capitalist, industrial countries
20. Second World - the former communist-socialist, industrial states Russia, Eastern Europe
21. Third World - developing countries
22. Multiculturism- mixing of culture leading to unique combination of those culture that are not reducible to
either global or local culture
23. Founded on 8 August 1967 by Indonesia, Malaysia, Singapore,Thailand and the Philippines. Promoted
economic growth, social progress and cultural development in the Southeast Asian region through
multilateral cooperation
24. Regional integration -Is the process by which two or more nation- states agree to co-operate and work
closely together to achieve peace, stability and wealth.