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    Lesson 7 Asian Regionalism

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    Nestor Cabacungan
    This document discusses Asian regionalism and its benefits. It begins by introducing Asian regionalism and how it has developed since 1989. It then discusses how Asia is becoming more economically influential globally and how regional economic cooperation is important for addressing challenges. Finally, it outlines how Asian regionalism can benefit Asia through boosting productivity, connecting capital markets, and more, and how it can benefit the world through economic growth, financial stability, diversifying demand, and leadership on global issues.

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    Lesson 7 Asian Regionalism

    Uploaded by

    Nestor Cabacungan
    256 views15 pages
    This document discusses Asian regionalism and its benefits. It begins by introducing Asian regionalism and how it has developed since 1989. It then discusses how Asia is becoming more economically influential globally and how regional economic cooperation is important for addressing challenges. Finally, it outlines how Asian regionalism can benefit Asia through boosting productivity, connecting capital markets, and more, and how it can benefit the world through economic growth, financial stability, diversifying demand, and leadership on global issues.

    Original Title

    LESSON 7 ASIAN REGIONALISM

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    This document discusses Asian regionalism and its benefits. It begins by introducing Asian regionalism and how it has developed since 1989. It then discusses how Asia is becoming more economically influential globally and how regional economic cooperation is important for addressing challenges. Finally, it outlines how Asian regionalism can benefit Asia through boosting productivity, connecting capital markets, and more, and how it can benefit the world through economic growth, financial stability, diversifying demand, and leadership on global issues.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    256 views15 pages

    Lesson 7 Asian Regionalism

    Uploaded by

    Nestor Cabacungan
    This document discusses Asian regionalism and its benefits. It begins by introducing Asian regionalism and how it has developed since 1989. It then discusses how Asia is becoming more economically influential globally and how regional economic cooperation is important for addressing challenges. Finally, it outlines how Asian regionalism can benefit Asia through boosting productivity, connecting capital markets, and more, and how it can benefit the world through economic growth, financial stability, diversifying demand, and leadership on global issues.

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    of 15

    Lesson 7

    *ASIAN
    REGIONALISM
    *ASIAN REGION
    *INTRODUCTION
    *Since the Asia Pacific Economic Cooperation
    (APEC) forum began in 1989 as a regional
    institution for economic cooperation, momentum
    for regionalism in Asia has gradually developed
    and led to institutionalized regional progress.
    Regionalism may be defined as the construction
    and utilization of multilateral intergovernmental
    institutions to share information; to develop,
    endorse, and enforce common rules and
    regulations; and to settle disputes. Membership is
    normally based on shared geographic space.
    *TOWARDS ASIAN
    REGIONALIZATION
    *The center of gravity of the global
    economy is shifting to Asia. The
    region’s economy is already similar in
    size to those of Europe and North
    America, and its influence in the world
    continues to increase.
    *TOWARDS ASIAN
    REGIONALIZATION
    *And Asia is now so important to the
    world economy that it must also play a
    larger role in global economic
    leadership.
    *Regional economic cooperation is
    essential for addressing these
    challenges. Asia’s economic rise is
    unprecedented.
    *TOWARDS ASIAN
    REGIONALIZATION
    *Regionalism is a relatively new aspect
    of Asia’s rise.
    *Asia’s economies are increasingly
    connected through trade, financial
    transactions, direct investment,
    technology, labor and tourist flows,
    and other economic relationships.
    *HOW CAN REGIONALISM
    BENEFIT ASIA?
    ✓ link the competitive strengths of its diverse
    economies in order to boost their productivity and
    sustain the region’s exceptional growth;
    ✓ connect the region’s capital markets to enhance
    financial stability, reduce the cost of capital, and
    improve opportunities for sharing risks;
    ✓ cooperate in setting exchange rate and
    macroeconomic policies in order to minimize the
    effects of global and regional shocks and to
    facilitate the resolution of global imbalances;
    *HOW CAN REGIONALISM
    BENEFIT ASIA?
    ✓ pool the region’s foreign exchange reserves to make
    more resources available for investment and
    development;
    ✓ exercise leadership in global decision making to
    sustain the open global trade and financial systems
    that have supported a half century of unparalleled
    economic development;
    ✓ build connected infrastructure and collaborate on
    inclusive development to reduce inequalities within
    and across economies and thus to strengthen support
    for pro-growth policies;
    *HOW CAN ASIAN REGIONALISM
    BENEFIT THE WORLD?
    ✓generate productivity gains, new ideas, and competition
    that boost economic growth and raise incomes across the
    world;
    ✓ contribute to the efficiency and stability of global
    financial markets by making Asian capital markets stronger
    and safer, and by maximizing the productive use of Asian
    savings;
    ✓ diversify sources of global demand, helping to stabilize
    the world economy and diminish the risks posed by global
    imbalances and downturns in other major economies;
    *HOW CAN ASIAN REGIONALISM
    BENEFIT THE WORLD?
    ✓ provide leadership to help sustain open
    global trade and financial systems; and
    ✓ create regional mechanisms to manage
    health, safety, and environmental issues
    better, and thus contribute to more
    effective global solutions of these
    problems.

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