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    Topic 2

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    Jade Danielle Enmoceno Forteza
    1) The document discusses a lesson about global divides and Asian regionalism. It defines key terms like "Global South" and differentiates between regionalization and globalization. 2) Asian regionalism is examined as an alternative to viewing the world divided into a global north and south. Regionalism encompasses broader areas and examines social structures beyond just economic and political ties. 3) Asian countries benefit from regionalism by linking their economies, connecting capital markets, cooperating on policies, and pooling foreign reserves, while global benefits include increased growth, financial stability, demand diversification, and environmental cooperation.

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    Topic 2

    Uploaded by

    Jade Danielle Enmoceno Forteza
    23 views12 pages
    1) The document discusses a lesson about global divides and Asian regionalism. It defines key terms like "Global South" and differentiates between regionalization and globalization. 2) Asian regionalism is examined as an alternative to viewing the world divided into a global north and south. Regionalism encompasses broader areas and examines social structures beyond just economic and political ties. 3) Asian countries benefit from regionalism by linking their economies, connecting capital markets, cooperating on policies, and pooling foreign reserves, while global benefits include increased growth, financial stability, demand diversification, and environmental cooperation.

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    TOPIC 2

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    1) The document discusses a lesson about global divides and Asian regionalism. It defines key terms like "Global South" and differentiates between regionalization and globalization. 2) Asian regionalism is examined as an alternative to viewing the world divided into a global north and south. Regionalism encompasses broader areas and examines social structures beyond just economic and political ties. 3) Asian countries benefit from regionalism by linking their economies, connecting capital markets, cooperating on policies, and pooling foreign reserves, while global benefits include increased growth, financial stability, demand diversification, and environmental cooperation.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    23 views12 pages

    Topic 2

    Uploaded by

    Jade Danielle Enmoceno Forteza
    1) The document discusses a lesson about global divides and Asian regionalism. It defines key terms like "Global South" and differentiates between regionalization and globalization. 2) Asian regionalism is examined as an alternative to viewing the world divided into a global north and south. Regionalism encompasses broader areas and examines social structures beyond just economic and political ties. 3) Asian countries benefit from regionalism by linking their economies, connecting capital markets, cooperating on policies, and pooling foreign reserves, while global benefits include increased growth, financial stability, demand diversification, and environmental cooperation.

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    of 12

    LESSON 3

    A World of Regions
    slidesmania.com
    Topics:
    1. Global Divides: Locating the Global South
    2. Asian Regionalism

    LEARNING OUTCOMES:
    At the end of the lesson, students should be able to:
    1. define the term “Global South”;
    2. differentiate the Global South from the Third World;
    3. differentiate between regionalization and globalization; and
    4. identify the factors leading to greater integration of the Asian region.
    slidesmania.com
    Now, we will talk about this.
    TOPIC 2: ASIAN REGIONALISM
    slidesmania.com
    Another way of looking at the world apart
    from distinctions of ‘global north’ and ‘global
    south’—these are social constructs connoting the
    unevenness and inequality inherent with
    globalization which produces winners and losers
    in social, political, and economic senses—is
    through the idea of regions.
    slidesmania.com
    FEATURES OF REGIONALISM (Claudio & Abinales, 2018)
     The concept encompasses a broader area, although often seen as a political and economic
    phenomenon.

     Regionalism, as a phenomenon, can be examined in relation to social structures such as identities,


    ethics, religion, ecological sustainability, and health among others.

     A process that must be treated as an “emergent, socially constituted phenomenon”  It means that
    regions are not natural or given (not established since the beginning of time), instead, they are
    constructed and defined by policymakers, economic actors, civil society, and even social
    movements.
    slidesmania.com
     Conceptualizing the region (Mansfield & Milner, 1999; Claudio & Abinales, 2018).

    1. Regions are “a group of countries located in the same geographically specified area” or “an
    amalgamation of two regions [or] a combination of more than two regions” organized to regulate and
    “oversee flows and policy choices”.

    2. A region’s implication moves beyond the proximity of constituent states. Apart from this
    proximity, “members of a common region also share cultural, economic, linguistic, or political ties.

    3. Regionalization and regionalism should not be interchanged.


    slidesmania.com
    Regionalization – regional concentration of economic flows; the growing intensity of
    interaction and cooperation between neighboring countries

    Regionalism – a political process characterized by economic policy cooperation and


    coordination among countries; pertains more on intergovernmental collaborations

     Several reasons for forming regional alliances:

    a. Military defense e.g. North Atlantic Treaty Organization (NATO)

    b. Trading partners – countries can pool their resources, get better returns for their exports,
    and expand their leverage in the trading arena.

    c. Protect independence from pressures of superpower politics

    d. Economic crisis compels countries to come together


    slidesmania.com
     Several reasons for forming regional alliances:

    a. Military defense e.g. North Atlantic Treaty Organization (NATO)

    b. Trading partners – countries can pool their resources, get better returns for their exports, and
    expand their leverage in the trading arena.

    c. Protect independence from pressures of superpower politics

    d. Economic crisis compels countries to come together


    slidesmania.com
    The three (3) frameworks for understanding the relationship between globalization
    and the regions of the Asia Pacific and South Asia are (Kimura, 2014):
    slidesmania.com
     BENEFITS OF ASIA FROM REGIONALISM (ADB, 2008: 13)

    1. link the competitive strengths of its diverse economies in order to boost their productivity and sustain the region’s
    exceptional growth;

    2. connect the region’s capital markets to enhance financial stability, reduce the cost of capital, and improve
    opportunities for sharing risks;

    3. cooperate in setting exchange rates and macroeconomic policies to minimize the effects of global and regional shocks
    and to facilitate the resolution of global imbalances;

    4. pool the region’s foreign exchange reserves to make more resources available for investment and development;

    5. 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;

    6. build connected infrastructure and collaborate on inclusive development to reduce inequalities within and across
    economies and thus strengthen support for pro-growth policies; and

    7. create regional mechanisms to manage cross-border health, safety, and environmental issues better.
    slidesmania.com
     BENEFITS THE WORLD GAIN FROM ASIAN REGIONALISM (ADB, 2008: 14)

    1. generate productivity gains, new ideas, and competition that boost economic growth and raise incomes
    across the world;

    2. 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;

    3. 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;

    4. provide leadership to help sustain open global trade and financial systems; and

    5. create regional mechanisms to manage health, safety, and environmental issues better, and thus
    contribute to more effective global solutions to these problems.
    slidesmania.com
    Thank
    you!
    slidesmania.com

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