ASIAN-REG

DIVIDES:
ASIAN
REGIONALISM
Presented by Group 3
Regionalism defined
Regionalism is a functional relation that bundles

multiple nations with political, economic and
cultural inheritance, often based on the geographical
advantage. It is a political ideology that favors a
specific region over a greater area.
 Regionalism emphasizes on developing the
administrative power and swaying the
available or some inhabitants of a region. It
usually results due to political separations,
religious geography, cultural boundaries,
linguistic regions, and managerial decisions.
Asian regionalism focuses on the relationship
between ideas and politics and examines rapid
growth of Asia’s economy, financial stability and
regional economic integration. Asia’s
development has had a massive, positive
impact on people’s lives.
 Most Asian economies have
made remarkable progress in
reducing poverty. Regional
integration fosters inclusive
development. Governments need
to connect the poor to the
thriving regional economy by
eliminating labor market
barriers, investing in workers’
capabilities, and building
infrastructure to connect
disadvantaged regions with
economic centers.
Reporter 2
 According to Ari.adb. Org
(Asia Regional Integration
Center/ Asia development
bank /Organization), 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.
In recent years, new technological trends
have further strengthened ties among
them, as have the rise of the PRC
(People‘s Republic of China) and India
and the region’s growing weight in the
global economy. But adversity also played
a role.
The 1997/98 financial crisis dealt a severe setback to
much of the region, highlighting Asia’s shared interests
and common vulnerabilities and providing an impetus
for regional cooperation.
Beginning
In the 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
manufactures. As the more advanced among
them graduated to more sophisticated products,
less developed economies filled the gap that they
left behind.
Reporter 3
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 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.
Organizations
Asia’s earliest regional organizations emerged

within the United Nations network—such as the
United Nations Economic and Social
Commission for Asia and the Pacific (ESCAP)
and the Mekong River Commission—as well as
in the security framework of the Cold War,
notably the Southeast Asia Treaty Organization
(SEATO).
Reporter 4
ADB (Asian Development Bank) was established
in 1967. More recently, the Asia-Pacific
Economic Cooperation (APEC) embraced
economies within and outside the region. The
longest-standing wholly regional grouping is
ASEAN, which has become a crucial element of
the region’s emerging policy architecture.
ASEAN
The Association of South East Asian Nations (ASEAN)
is a regional grouping founded to promote accelerated
economic growth, facilitate social progress and cultural
development, pursue regional peace in the Southeast
Asian region through multilateral cooperation.
Reporter 5
ASEAN was founded on August 8, 1968. Its original members are
Indonesia, Philippines, Malaysia, Thailand, and Singapore.
Curently it has ten (10) members which included: Vietnam,
Myanmar, Brunei Darrusalam, Laos, and Timor Leste. Regional
Comprehensive Economic Partnership (RCEP) has been formed
which included mutual agreement with the United States, China,
Japan, and South Korea.
APEC
Asia Pacific Economic Cooperation (APEC) was
institutionalized with the goal of monitoring and
analyzing regional markers and institutes as well as
governing rules and norms for facilitating transparent
and effective business transactions. It operates on the
basis of non-binding commitments, open dialogue and
equal respect for views of all participating economies.
Reporter 6
 APEC was founded in 1989 consisting of 21
member-states. It is established to eliminate
trade and investment barriers in Asia Pacific
region. Its secretariat was based in Singapore
and operates as the core support mechanism for
the APEC. Thirty (30%) percent of the world
population is covered by APEC economies. It
remains as a regional economic forum to
leverage the growing interdependence of Asia
Pacific.
Reporter 7
Three (3) Factors Leading to greater integration.
The three (3) factors leading to greater integration of the

Asian region are as follows:

1. Trade.
In ancient times, regions of Asia had commercial relations
among themselves as well as with parts of Europe and
Africa. Nomadic peoples traded over considerable
distances using "barter" as the medium of exchange.
Ancient people were so honest and truthful, as no
businessman was aggrieved and defrauded.

Reporter 8
2. Similar Culture.
The culture of Asia is diverse but they do share
many things. This makes it an easier fit during
times of negotiations.
3. Common Goals.
The Asian region recognize the mutual benefits of
a slow integration.
Significance of Regionalism
The following are considered as significant ingredients

of regionalism:

1. Common sense of identity.

2. Combines creation and implementation of
institution.
3. Shape a collective action within a geographical

region.

References:
 https://www.studocu.com/ph/document/don-honorio-
ventura-technological-state-university/contemporary-
world/asian-regionalism/22320149

 https://aric.adb.org/emergingasianregionalism/pdfs/
Final_ear_chapters/chapter%202.pdf

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DIVIDES:

Regionalism is a functional relation that bundles

In the early stages of Asia’s economic takeoff,

Asia’s earliest regional organizations emerged

The three (3) factors leading to greater integration of the

The following are considered as significant ingredients

3. Shape a collective action within a geographical

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