ASEAN regionalism and integration

Cards (10)

  • Asian regionalism
    A new concept among the continental communities, with the 50-year-old ASEAN group and the failed East Asia Economic Group (EAEG)
  • ASEAN community
    • Comprised of three pillars - political, security community, economic community, and socio-cultural community
  • Political-security community focuses on

    • Human rights
    • Drugs
    • Foreign relations
    • Defense
    • Law
    • Transnational crimes
  • ASEAN has significant roles of monitoring

    • Economic ministers
    • Finance ministers
    • Central bank governors
    • Free trade area
    • Investments area
    • Agriculture and forestry
    • Transport ministers
    • Telecommunications and information technology ministers
    • Science and technology
    • Energy
    • Minerals
    • Tourism
    • Free trade agreements with dialogue
  • Socio-cultural community cooperation among ministers responsible for

    • Culture and arts
    • Sports
    • Disaster management
    • Education
    • Environment
    • Health
    • Information
    • Labor
    • Rural development and poverty eradication
    • Women
    • Youth
    • Civil service matters
  • ASEAN +3
    ASEAN has partnered with China, Japan, and South Korea to address the 1997 Asian financial crisis and help each other cope with the crisis
  • NAFTA
    A free trade pact between Canada, the United States, and Mexico, created to help reduce trading costs, increase business investment, and help North America be more competitive in the global marketplace
  • European Union (EU)

    A political and economic establishment to ensure the free movement of people, goods, services, and capital within the EU's single market
  • Factors leading to greater Asian integration
    • Market-driven integration
    • Establishment of formal institutions like the Asian Development Bank
    • Economic grants and overseas development assistance
    • Expansion of production networks
    • Cooperation among ASEAN and East Asian countries
  • ASEAN follows a consensus rule as an approach to decision-making, which prevents the collision of cultural beliefs and economic policies due to the region's diversity