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    Market Integration and The Global Interstate System

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    Kaitlinn Jamila Altatis
    The document discusses key aspects of market integration and the global interstate system. It describes the establishment of ASEAN in 1967 and its evolution into a major economic bloc through organizations like ASEAN Free Trade Area and the ASEAN Economic Community. The global interstate system involves states as fundamental actors with sovereignty. However, globalization and the rise of non-state actors have weakened states and increased interdependence between them.

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    Market Integration and The Global Interstate System

    Uploaded by

    Kaitlinn Jamila Altatis
    264 views1 page
    The document discusses key aspects of market integration and the global interstate system. It describes the establishment of ASEAN in 1967 and its evolution into a major economic bloc through organizations like ASEAN Free Trade Area and the ASEAN Economic Community. The global interstate system involves states as fundamental actors with sovereignty. However, globalization and the rise of non-state actors have weakened states and increased interdependence between them.

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    Market-Integration-and-The-Global-Interstate-System

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    The document discusses key aspects of market integration and the global interstate system. It describes the establishment of ASEAN in 1967 and its evolution into a major economic bloc through organizations like ASEAN Free Trade Area and the ASEAN Economic Community. The global interstate system involves states as fundamental actors with sovereignty. However, globalization and the rise of non-state actors have weakened states and increased interdependence between them.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    264 views1 page

    Market Integration and The Global Interstate System

    Uploaded by

    Kaitlinn Jamila Altatis
    The document discusses key aspects of market integration and the global interstate system. It describes the establishment of ASEAN in 1967 and its evolution into a major economic bloc through organizations like ASEAN Free Trade Area and the ASEAN Economic Community. The global interstate system involves states as fundamental actors with sovereignty. However, globalization and the rise of non-state actors have weakened states and increased interdependence between them.

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    © All Rights Reserved
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    of 1

    THE CONTEMPORARY WORLD: Market Integration  GLOBAL CORPORATIONS – business that

    and Global Interstate System operates in two or more countries. Also goes
    by the name ‘Multinational Company’.

     ASEAN (Association of Southeast Asian


    Nations) IV. THE GLOBAL INTERSTATE SYSTEM
    o Established on August 8, 1967 in
    Bangkok, Thailand  STATE – a fundamental actor in global
    o Originally build as a political alliance to politics.
    o Qualifying elements of being a State:
    limit the spread of communism in
    Southeast Asia. Gradually became a  Defined territory
    diplomatic organization to manage  Permanent population
    regional issues and expand trade.  Effective government
    o Establishment of ASEAN Economic  Capacity to enter into relations
    with other states
    Community (AEC) in 2015 is a major
    milestone in the regional economic  SOVEREIGNTY
    integration. o Internal Sovereignty – refers to the
    o AEC Blueprint 2025 it provides broad state’s authority within.
    directions through strategic measures o External Sovereignty – defines the
    for the AEC from 2016 to 2025. It relationship of states to other states
    consists of five interrelated and and international actors as it
    mutually reinforcing characteristics establishes the state’s capacity to act
    namely: as an independent and autonomous
     A highly integrated and entity in world affairs (Heywood, 2011)
    cohesive economy;  GLOBALIZATION – a widening, intensifying,
     A competitive, innovative, and speeding up and growing impact of worldwide
    dynamic ASEAN; interconnected (Held and McGrew, 1999).
     Enhanced connectivity and o Intensification of relationship among
    Sectoral Cooperation; nation-states may either increase,
     A resilient, inclusive, people- decrease or transform states.
    oriented, and people-centered o Global forces weaken the power of the
    ASEAN; state to control their own economies
     A global ASEAN. and societies (Ohmae, 1995, Scholte,
     ASEAN Free Trade Area (AFTA) 2000; Baylis et al., 2011)
    o Establishment of Common Effective  New Actors on the world stage.
    Preferential Tariff (CEPT) Inclusion o Transnational Corporations
    List (IL) of ASEAN-6 have brought o NGO’s
    the products tariff down to the 0-5 tariff  Increased interdependence and
    range. interconnected.
     The Four Pillars of the ASEAN Economic o Addressed global issues such as
    Community: global warming, terrorism, and
    o Single Market and Production Base. pandemic diseases.
     Five Core Principles  The trend towards global governance.
     Free flow of goods o States observe accountability to
     Free flow of services international norm and principles set
     Free flow of for.
    investment
     Free flow of capital
     Free flow of skilled
    labor
    o Competitive Economic Region. Reference:
    o Equitable Economic Development. Saluba et al, (2018). The Contemporary World.
    o ASEAN’s integration into the Muntinlupa, Philippines: Panday-Lahi Publishing
    globalized economy. House, Inc.
     OUTSOURCING – business practice of hiring
    a party outside a company to perform services
    and create goods that traditionally were
    performed in-house by the company's own
    employees and staff (Investopedia, 2019).

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