Asian Regionalism:

A Style of Its Own


WHAT IS ASIAN REGIONALISM?
WHAT IS THE SIGNIFICANCE OF ASIAN
REGIONALISM?
Asian regionalism is the
product of economic
interaction, ...
East Asian economies, in
particular, focused on
exporting to developed
country markets rather
than selling to each other.
A dynamic and outward-
looking Asian
regionalism could bring
huge benefits not just to
Asia, but to the world. It
could help sustain the
region's growth, underpin
its stability, and—with the
right policies—reduce
Outline
Economic
development
Flying geese, falling
geese
Economic
interdependence
MODELS OF REGIONALISM
1. ASIAN- Association of South East Asian Nations

10 member states

Brunei,Cambodia, Indonesia, Laos, Malaysia,
Myanmar, Philippines, Singapore, Thailand, &
Vietnam
home to 642 million people
collective GDP of US$2.8 trillion
MODELS OF REGIONALISM
ASIAN- Association of South East Asian Nations

making the 10-member bloc a “model of

regionalism” and “a global player.”
MODELS OF REGIONALISM
ASIAN- Association of South East Asian Nations
5 Current Thematic Priorities for ASIAN
peace and stability in the region; maritime
security and cooperation; inclusive,
innovation-led growth; ASEAN’s resiliency;
and a people-oriented and people-centered
ASEAN.
5 founding members:
Thailand, Malaysia, Singapore, Indonesia,
Philippines
Bangkok Declaration of 1967:
 accelerate economic growth
 promote regional peace and stability
 contain the spread of communism
 End of Cold War

Expansion of ASEAN
1995: Vietnam
1997: Laos
1997: Myanmar
1999: Cambodia
ASEAN: Trade Partners
2. NORTH EAST ASIA
NORTH EAST ASIA
 Political Difficulties
• Legacies of World War II
– Japanese atrocities in Pacific Asia
• Legacies of Cold War
– partition of Korea
 Current Status

• Washington-Tokyo-Beijing triangle
– PRC & Japan regard relationship with each other as 2nd
in importance to that with US
• Japan plays significant role in integrating PRC into
world economy
• Japan has a vital interest in PRC’s development
and stability
• Economic interdependence
• Japan is mainland China’s second largest trade partner
and import source
• Total trade volume nearly $1bn per day
• Total imports from Japan: US$166 billion
– 9% of mainland China’s total imports
• Total exports to Japan: US$137 billion
– 6% of mainland China’s total exports
• Mainland China is Japan’s largest trade partner,
largest source of imports, and 2nd largest
destination of exports
– US$297 billion trade in 2017
– compared with $207 billion trade with US
• PRC (including Hong Kong) became Japan’s
largest trade partner in 2004
– surpassed the US for the first time
 3. EUROPEAN UNION

According to the European Union's official website,

the union's purpose is to promote peace, establish a
unified economic and monetary system, promote
inclusion and combat discrimination, break down
barriers to trade and borders, encourage
technological and scientific developments,
champion environmental protection,
 3. EUROPEAN UNION

The EU countries are: Austria, Belgium,

Bulgaria, Croatia, Republic of Cyprus,
Czech Republic, Denmark, Estonia,
Finland, France, Germany, Greece,
Hungary, Ireland, Italy, Latvia, Lithuania,
Luxembourg, Malta, Netherlands, Poland,
Portugal, Romania, Slovakia, Slovenia,
Spain, Sweden and the UK.
 3. EUROPEAN UNION

•What Is Brexit?
•Brexit is an abbreviation for "British exit,"
referring to the U.K.'s decision in a June
23, 2016 referendum to leave
the European Union (EU).
• Arguments For and Against Brexit
• "Leave" voters based their support for Brexit on a variety
of factors, including the European debt
crisis, immigration, terrorism and the perceived drag of
Brussels' bureaucracy on the British economy. Britain
has long been wary of the European Union's projects,
which Leavers feel threatens the U.K.'s sovereignty: the
country never opted into the European Union's
monetary union, meaning that it uses the
pound instead of the euro. It also remained outside the
Schengen Area, meaning that it does not share open
borders with a number of other European nations.
• Arguments For and Against Brexit
• "Opponents of Brexit also cite a number of rationales for
their position. One is the risk involved in pulling out of
the EU's decision-making process, given that it is by far
the largest destination for British exports. Another is the
economic and societal benefits of the EU's "four
freedoms": the free movement of goods, services,
capital and people across borders. A common thread
in both arguments is that leaving the EU would
destabilize the British economy in the short term and
make the country poorer in the long term.