Factors leading to a greater integration of the asian region

Answers

  • Réponse publiée par: HaHannah

    The entire world is moving towards integration, it is inevitable. But a regional partnership is the first step, we can see this in the EUROPEAN UNION, AFRICAN UNION, UNION OF SOUTH AMERICAN NATIONS, and there is more on the way. In Asia, the southeast Asian countries have already formed ASEAN (ASSOCIATION OF SOUTHEAST ASIAN NATIONS. This regional power block appears to work fine, the member states fit very well together because of the following factors:


    1) Mutual benefit - when it comes to trade, these nations can readily supply each other’s needs.

    2) Mutual goals

    3) Similar culture - the people of this region are generally alike in appearance, temperament which is seemingly peaceful. They tend to get along quite well even on an individual level.

    4) Similar security needs - aside from small localized rebels, this association needs only to contend with foreign-supported terrorist groups which are usually handled well.


    The Asian region extends beyond the territories of the ASEAN member nations. The northern Asian countries like Japan, Taiwan, North Korea, South Korea do not get along and appears to distrust each other. Of course the invisible walls between these nation will fall someday, and hopefully, they will realize the benefit of integration with regional AUTONOMY.


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  • Réponse publiée par: abyzwlye

    answer:

    There are a few factors contributing to the growth of the Asian intra-regional trade. They include the rise in regional income, the removal of trade barriers, and advances in production and transportation technologies.

  • Réponse publiée par: abbigail333

    answer:

    There are a few factors contributing to the growth of the Asian intra-regional trade. They include the rise in regional income, the removal of trade barriers, and advances in production and transportation technologies.

    Explanation:

    :)

  • Réponse publiée par: snow01

    At the same time, the intra-regional trade increased at a rapid pace. ... One approach is to assume that the common factor driving trade integration is ... In studying the trade integration of fifteen Asian and Oceanic

    Explanation:

  • Réponse publiée par: Axelamat

    home to afghanistan, bangladesh, bhutan, india, maldives, nepal, pakistan, and sri lanka, south asia is one of the most dynamic regions in the world, with a population of 1.67 billion people and economic growth of 7.1 percent over the last decade. but despite recent shifts, historical political tensions, trust deficit, cross-border conflicts and security concerns contribute to a low-level equilibrium.   at present, south asia is one of the least integrated regions. intra-regional trade accounts for only 5 percent of south asia’s total trade, compared to 25 percent in asean. intra-regional investment is smaller than 1 percent of overall investment.     due to limited transport connectivity, onerous logistics and regulatory impediments, and lack of trust, it costs more to trade within south asia than between south asia and world’s other regions.   its ~20% cheaper for india to trade with brazil than with its neighbor pakistan!   greater cooperation and regional economic integration can bring about gains in these areas and help tap into the proximity and demographic dividend, south asian countries enjoy. but there are several factors restraining regional integration.   factors restraining regional integration:   high trade costs and investment restrictions   insufficient policy-relevant analytical work on gains of regional integration in both trade and investment, to make informed policy decisions skeptical mindset from previous failures in regional cooperation, misinformation, and lack of vocal champions for regional cooperation relative asymmetry in size among the south asian countries historical political tensions, mistrust, cross-border conflicts and security concerns limited transport connectivity, logistics and regulatory impediments as these barriers get gradually removed, intra-regional trade in south asia could increase from the current $23 billion to $67 billion.   more economic exchange and people-to-people interaction can increase trust and drive regional economic integration even further. the momentum of greater regional integration has been building in recent years. but meeting all the challenges requires more than business as usual. with regional integration, a key part of its strategy, the world bank group is supporting ‘one south asia’ through a twofold program.   twofold program objective:   lending and technical assistance: create opportunities that would help enhance trade and investment linkages in south asia towards asean levels shaping the narrative: support a more informed policy debate and dialogue on specific regional trade and investment themes in south asia - cross-cutting pillar of south asia regional integration strategy image   a long history of mutual mistrust and negative stereotypes cast a shadow over cooperation efforts. limited access to accurate information about neighboring countries perpetuates damaging myths. however, recent successes in implementing cross-border projects and increasing (though still infrequent) people-to-people contacts have created a potential opening to begin turning around long-standing negative attitudes. the world bank group continues to support the building of one south asia, facilitating high level and substantive dialogue to broaden stakeholder engagement, supporting key lending and technical assistance projects, and developing vital institutional arrangements. it requires joint assistance from both public and private sectors.   the risks are high but, for the countries of south asia, so too are the rewards.   working papers and publications   book chapter: boosting trade and prosperity in south asia, sanjay kathuria, sohaib shahid, 2017 regional competitiveness study on the auto sector, ideas supported by the world bank group, 2016 article: trade investment links get increasingly intricate, sanjay kathuria and ravindra yatawara, 2016 cross-border electricity cooperation in south asia, anoop singh, tooraj jamasb, rabindra nepal, michael toman, 2015       -more   op-eds and interviews   legacy of saman kelegama, sanjay kathuria, 2017 boosting business in the bangladesh corridor is crucial to india’s ‘act east’ policy, sanjay kathuria, 2017 bangladesh is backing the wrong horse in export, sanjay kathuria, 2017 interview: biggest constraint to regional integration, sanjay kathuria, 2016       -more   experts   sanjay kathuria, lead economist michael ferrantino, lead economist charles kunaka, senior trade specialist gonzalo varela, trade economist aaditya mattoo, research manager

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Factors leading to a greater integration of the asian region...