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    Asian Regionalism

    Uploaded by

    Trisha
    1K views36 pages
    This is a powerpoint presentation that tackles about the effects of Asian Regionalism in the Global Economy.

    Original Title

    ASIAN REGIONALISM

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    This is a powerpoint presentation that tackles about the effects of Asian Regionalism in the Global Economy.

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    1K views36 pages

    Asian Regionalism

    Uploaded by

    Trisha
    This is a powerpoint presentation that tackles about the effects of Asian Regionalism in the Global Economy.

    Copyright:

    © All Rights Reserved
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    Flag for inappropriate content
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    of 36

    ASIAN

    REGIONALISM
    BOLOTANO
    DAÑO
    YURAG
    Asian Regionalism
    01 Definition of Regionalism

    02 Definition of Asian Regionalism

    03 Importance of Asian Regionalism

    04 Types of Asian Organizations and Associations

    05 Benefits of Asian Regionalism to Asia and World

    06 Outgrowth of Asia

    07 Risks of Asian Regionalism


    Regionalism
    - an expression of a common sense of identity
    - implementation of institutions that express a
    particular identity
    - shapes collective action within a geographical
    region

    In simple words, working together


    Asia
    - new and stabilizing
    engine of global economic
    growth
    - greatly influences the
    world
    - plays vital role to the
    global economic leadership
    Asian Regionalism

    - product of economic interaction


    - helps the region to grow richer and closer
    together
    - focused on finding new and flexible forms of
    cooperation
    - regional initiatives intended to complement global
    relationships
    Asian economies are connected through…

    Trade Economic Relationship

    Financial Transactions Labor and Tourist


    Flows

    Direct Investment Technology


    Importance of Asian Regionalism
    help sustain
    sustain reduce global
    region’s inequality economic
    growth progress
    marshal a
    underpin common
    region’s response to
    stability major
    challenges
    Different Asian Groups
    and Associations
    ASSOCIATION OF
    SOUTHEAST ASIA
    NATION
    (ASEAN)
    ASIA - EUROPE
    MEETING
    ASIA - PACIFIC
    ECONOMIC
    COOPERATION
    (APEC)
    ASSOCIATIONOF
    SOUTHEAST
    ASIA NATION
    PLUS THREE
    (ASEAN + 3)
    SOUTH ASIAN
    ASSOCIATION
    FOR
    REGIONAL
    COOPERATION
    (SAARC)
    SHANGHAI
    COOPERATION
    ORGANISATION
    (SCO)
    EAST ASIA
    SUMMIT
    REGIONAL
    COMPREHENSIVE
    ECONOMIC
    PARTNERSHIP
    (RCEP)
    PACIFIC
    ISLANDS
    FORUM (PIF)
    COMPREHENSIVE
    AND
    PROGRESSIVE
    AGREEMENT FOR
    TRANS PACIFIC
    PARTBERSHIP
    (CPTPP)
    ASEAN
    REGIONAL
    FORUM (ARF)
    Benefits of Asian Regionalism to Asia

    cooperate in setting
    Link the competitive connect the region’s exchange rate and
    strengths of its capital markets macroeconomic
    diverse economies policies
    Benefits of Asian Regionalism to Asia

    build connected
    pool the region’s exercise leadership in infrastructure and
    foreign exchange global decision collaborate on
    reserves making inclusive development
    Benefits of Asian Regionalism to the World
    generate
    productivity diversify sources
    gains, new ideas, of global
    and competition demand

    contribute to the
    efficiency and stabilize the
    stability of global world economy
    financial markets
    Benefits of Asian Regionalism to the World

    diminish the
    risks posed by create regional
    global imbalances mechanisms

    provide Effective global


    leadership solutions
    Asia’s Outgrowth
    Iraq, Saudi Arabia
    the United Arab
    Emirates and Kuwait China opened the
    registered high GDP Shanghai Free-Trade
    Since 2012-
    growths in the years Zone 2015
    2001 2013

    India has the one of Early The Philippines China surpassed the
    2013
    fastest growing servic 2010s managed to grow at United States and
    e sectors in the rates at par with the European Union
    world with annual China to become the
    growth rate of above world's largest
    9% economy
    Asia’s Outgrowth
    ECONOMY OF ASIA
    Statistics
    Population 4.6 billion (60% of the world)
    GDP $31.58 trillion (Nominal; 2019)
    $65.44 trillion (PPP; 2019)
    GDP growth 5.7% (2017)
    GDP per capita $7,351 (2019)
    Millionnaires (USD) 5.12 million (2016)
    Unemployment 3.8% (2010 est.)
    Asia’s Outgrowth
    Asia’s Outgrowth
    Asia’s Outgrowth

    TOKYO JAPAN SINGAPORE

    SEOUL SOUTH KOREA


    Asia’s Outgrowth

    TAIPEI TAIWAN HONGKONG CHINA

    SHANGHAI CHINA
    Asia’s Outgrowth

    MUMBAI INDIA DHAKA BANGLADESH

    NUR-SULTAN KAZAKHSTAN HO CHIN MINH CITY (SAIGON), VIETNAM


    Risks of Asian Regionalism

    1 2 3 4 5
    Global Demand Financial New Health or Environmental Social Instability
    and Financial Reversals and Security Threats Damage could could generate
    can be Economic Slowdo could make the result in radical tensions and
    compromised wns flow of people changes in uncertainty that
    and goods more economic policies overwhelm
    difficult and economic
    expensive progress.
    Researches
    BOOK
    East Asian Regionalism (Second Edition), Christopher M. Dent, 2016
    “ Regionalism is one of the key defining features of the contemporary
    international system. Indeed, it has been argued that we now live in a
    'world of regions', and an international system increasingly defined by
    interactions between regions and regional powers. Thus, the study of
    regionalism is now a crucial element of studying the international
    system generally.”
    Goh, E. (2013). Developing
    the Mekong: Regionalism and Regional Security in Researches
    China- Southeast Asian Relations.

    Findings:

    In Southeast Asia, China’s growing economic and political


    strength has been accompanied by adept diplomacy and
    active promotion of regional cooperation, institutions and
    integration. Southeast Asian states and China engage in
    ‘strategic regionalism’: they seek regional membership for
    regime legitimation and collective bargaining; and regional
    integration to enhance economic development, regarded
    as essential for ensuring national and regime security.
    Findings:
    “By placing the ASEAN experience in a comparative
    conceptual framework, it becomes possible to
    Researches identify the key drivers of change and to
    speculate about their future impact on an
    Beeson, M. (2013). Living organisation that has proved remarkably resilient th
    with Giants: ASEAN and the us far. The nature of contemporary regional develo
    Evolution of Asian pments and the continuing evolution of the wider
    Regionalism. international system mean that ASEAN is currently
    facing major new challenges and questions about
    its relevance in an era when other regional
    organisations are emerging to challenge its
    authority and role."
    Findings:

    Researches East Asia and the Asia–Pacific are core components of the globa
    l economy, and there have been important recent
    developments in the regionalism of both regions. After the 1997
    –1998 financial crisis, East Asian countries initiated more exclusi
    ve regional cooperation and integration ventures mainly through
    ASEAN Plus Three, but lately this process has stumbled. However,
    Dent, C. (2013). Paths ahead for various frustrations over the messy and fractious pattern of
    East Asia and Asia Pacific
    heterogeneous bilateral agreements led to the recent initiation
    Regionalism.
    of ‘grand regional’ FTA talks. The Trans-Pacific Partnership (TPP)
    is an Asia–Pacific-based, United States-led project while the
    Regional Comprehensive Economic Partnership (RCEP) is an East
    Asia-centred project.
    Thank you for
    listening!

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