Regionalism – This describes the decentralization of competencies or the establishment of regional institutions by the state
Third World Countries – These are largely characterized as poor and underdeveloped, with low levels of education, poor infrastructure, improper sanitation, and limited access to health care
Colonial Exchange – Term for colonies in the Asia Pacific and South Asia influenced by the West and vice versa
Asia Pacific and South Asia – This region includes economically developed states such as Japan, South Korea, Singapore, and Taiwan, as well as impoverished countries like Cambodia, Laos, and Nepal
Open Regionalism – Aims to develop cooperation with outside actors, resolving tension between regional trade agreements and global trade under the WTO
World Trade Organization (WTO) – The only global international organization dealing with the rules of trade between nations
Global South – Refers to interconnected histories of colonialism, neo-imperialism, and economic and social inequalities
Middle Class – They occupy different societal positions and constitute the expanding regional consumer market
New Urban Middle Class – Created through growth in retail trade, manufacturing, banking, real estate development, and specialist services
Pacific Pivot – A foreign policy shift by the United States to commit more resources and attention to the Asia-Pacific region
False – The north divides → The global south is used as a banner to rally countries victimized by economic cures like those of the IMF
False – The Second World described countries aligned with NATO and capitalism → The First World described NATO and capitalism, and the Second World aligned with communism and the Soviet Union
True – The ills of the global south are being globalized
False – The strongest vehicle is regionalism → The strongest vehicle for redistribution and transfer is the state
True – Spaces of underdevelopment in developed countries can mirror the global south, and affluence mirrors the global north
False – The south has attained high globalization → The global in global south signifies that the south continues to be globalized, not that it has attained high globalization
True – Globalization is the intensification of economic, political, social, and cultural relations across borders
False – By Grater Asia and the Americas → Globalization in the Asia Pacific and South Asia is pushed by powers like the U.S. and Europe
True – The global south is relevant for those within and signifies that it continues to be globalized
False – Centralization of political powers → Regionalism refers to decentralization of political powers or competencies