ASIAN
REGIONAL
ISM
The Contemporary World
Tecy Mea
Pagalan
Reporter
Group 1
Objectives
• Differentiate regionalization and
globalization
• Identify factors leading to a greater
integration of the Asian Region;and
• Analyze how different asian states
confront the challenges of
globalization and regionalization
Regionalization VS.
Globalization
Concentration of economic flow
within region thereby binding
together regions economy. Process of international
integration arising from the
interchange of world views,
Process of dividing areas into products, ideas and other
smaller segments "regions". aspects such as technology and
etc.
Most basic sense of region is a The process of increasing
group of countries in the same international
geographic location (Mansfield, interconnectedness.
1999)
The countries in a region decide
to integrate and interact
socially and economically leads
to regionalization
Integration of
Asian Region
Regional Integration is the
process which neighboring
nation-state agrees to
cooperate and work closely
together to achieve, piece,
How does integration of
Asian Region work?
Economic Political Single market,
integration, integration, the midpoint
where different where there is a between two
countries agrees need for common integration
to remove trade policies in social where, the
barriers such as aspects (e.g., cooperating
tarrifs, quotas, education, states become so
and border healthcare) and integrated that
restrictions. political all barriers are
Challenges in the
Integration of Asian Region
• Unbalanced Thus, East-Asian
economic growth integration is the
• Diversified strongest in the trade
cultures, religions, in transport and
and customs machinery which the
• Issues and heart of these
problems of products is
South-East Asian Nation
( ASEAN )
• Established on August 8, 1967 at
Bangkok, Thailand.
• Aims to accelerate economic
growth, promote matter of
socio-cultural interests,
maintain regional peace and
South-East Asian Nation
( ASEAN )
2007
Objectives are manifested in 3
pillars;
• ASEAN Political-security
community
South-East Asian Nation
( ASEAN )
2015
Convened to form a community
• Single market and production
base
• Highly competetive economic
region
Challeng
es on
regionaliz
ation and
globalizat
Trade
• There is a need to improve in
infrastuctures, especially in
transportation, telecommunications
and power supply.
Financial flows
• The increasing pace of financial
innovation and integration pose a
problem. Room for policy maneuver
and scope for policy mistake is
limited due to large capital flows.
Regional Policy
coordination
• ASEAN has no choice but to create a
strong bond to have a better chamce
working together in the harsh
competitive world.
Challeng
es:
ASEAN
and
Trade
• The pandemic has severely affected
the East and Southeast Asian
economies, especially by disrupting
the flow of goods and services in the
region's global value chains (GVCs).
• ASEAN leaders held meetings to forge
a more coordinated regional
response, a meetings with the health
officials of ASEAN member states ,
and the ASEAN+3 countries (the
People's Republic of China, Japan and
Republic of Korea), and between
heads of States, Foreign, Defence,
Finance, Agriculture and Forestey,
and Labour ministers impelled
• Outlining the commitments on
related-health issues: COVID 19
ASEAN response fund for public
health emergencies.
• Pledge on economic, agriculture,
labor and tourism- related issues:
Post-COVID-19 Crisis Recovery Plan.
However, there are still shortcomings in
the regional response towards the
pandemic because of the different level
of infections in various regions the
pandemic itself results in vastly
fundamental tensions.
- Singapore and Vietnam, cited as
global success unlike to other countries.
- Generic response to crisis focused
on lockdowns and border restrictions
which undermines regional integration
and rendered ofw's within the region
more vulnerable and neglected.
-The Asian development bank
assesses the economic losses in Asia
and the Pacific to range between $1.7
THANK
YOU!
Thank you for joining me on this
unforgettable adventure!
