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ADBI reserves the right to edit, reject, adapt or delete posts, comments and other content. Your contribution shall be subject to an internal review process. Regional cooperation and integration Is regional economic integration enough? P osted December 11, Major Exogenous Factors The Cold War was a battle for ideological leadership in political and economic domains between two nuclear powers who grew to accept a status quo based on the principle of mutual assured destruction MAD.
Resource Endowment: Under a perceived threat of communist external aggression and internal subversion, the resource-rich economies in ASEAN mostly adopted Western political and market models—but retained the then prevailing economic orthodoxy of import substitution. Foreign investment and ownership was tightly controlled, as was the employment of foreigners. Over the ensuing decade this led to not just the PRC, but other communist economies, joining the global supply chain.
This caused a dramatic outflow of labor-intensive industry into low-labor-cost, hitherto import substituting, economies across Southeast Asia—with some countries receiving more FDI in 18 months than in the preceding 18 years. Pan and sub-regional integration, e. How can Wave 3 growth be made possible? Infrastructure for a Seamless Asia.
ADBI: Tokyo. One Response to Is regional economic integration enough? Vikram Chowdery January 24, at Leave a Reply Click here to cancel reply. Recent Comments Kurt on Is female entrepreneurship a coping strategy during crises? Populations may mimic the international flow of capital and labor markets in the form of immigration and the merger of cultures. Foreign resources and economic measures may affect different native cultures and may cause assimilation of a native people.
Yu Xintian noted two contrary trends in culture due to economic globalization. He notes that economic globalization began after World War II, whereas internationalization began over a century ago. George Ritzer wrote about the McDonaldization of society and how fast food businesses spread throughout the United States and the rest of the world, attracting other places to adopt fast food culture.
In , Japan had 2, McDonald's locations. Global media companies export information around the world. This creates a mostly one-way flow of information, and exposure to mostly western products and values.
Other media news companies such as Qatar 's Al Jazeera network offer a different point of view, but reach and influence fewer people. From Wikipedia, the free encyclopedia. Parts of this article those related to documentation need to be updated.
Please update this article to reflect recent events or newly available information. May Industrial Revolution Mercantilism. Comparative advantage Economic growth Gross domestic product International economics International finance International trade Laffer curve.
The SADC regional bloc: What challenges and prospects for regional integration?
Related topics. Anti-capitalism Anti-copyright Anti-globalization Alter-globalization Criticism of capitalism Criticism of intellectual property Perspectives on capitalism Protectionism. Main article: History of globalization.
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Globalization portal. McWorld List of economic communities List of free trade agreements Military globalization Mundialization Neoliberalism Trade globalization World economy. In George Ritzer ed.
The Blackwell Companion to Globalization. International Business. Oxford University Press, Incorporated. Harvard Law School. Archived from the original on 21 December Retrieved 19 December Demand Media. The world transformed to the present Second ed. Michael H. Employment protection and foreign direct investment. Archived from the original on 18 October Retrieved 16 October Perspectives on World Politics. Institute of Southeast Asian.
Finance and Development. International Monetary Fund.
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Retrieved 6 June Tomas M. Journal of Retailing. Edward Elgar Pub. International Gender and Trade Network. The Economist. Retrieved 30 August Emmanuel Guindon. Open Science Publications. Open Science Publications, Sociol Health Illn, 21— Cover Story. Academic Search Premier. Van Der Meulen Rodgers. Evidence from Asia. Policy Research Working Papers. Furthermore, they find that it remains difficult for men to move up the earnings distribution, while women fare better.
Kopczuk, Wojciech Quarterly Journal of Economics. Retrieved 10 September Garrett Federal Reserve Bank of St. Allen Lane. Journal of Economic Growth. Retrieved 25 September Yale University Press. Archived from the original on 10 May Retrieved 6 April Retrieved 22 March Government Accountability Office. Bearing this in mind, this study has been carried out with the aim of ascertaining progress with regional integration in Southeast Asia and examining approaches and methods of providing assistance from a regional perspective based on an overview of regional initiatives.
Specifically, this study has primarily focused on two priority areas; support for ASEAN integration and transnational issues. The first of these, support for ASEAN integration, is also made up of two priority areas, namely support for further institutionalization and infrastructure development as part of regional integration and support to help eradicate poverty and disparities. In parallel with this study, JICA has also been looking into region-specific project operation policies. Having positioned this report as a background paper for its project operation policy in Southeast Asia, JICA hopes to put it to good use in the planning and implementation of projects on a regional level in the future and to bring it into wide use amongst all related organizations.