Name:Sucalit, Reymar A.
Year and Section:TCW- P2
Date: January 22, 2022
Score: _____________________
Directions: Answer the each of the following question with not more
than 5 sentences discussion and not more than 15 words each sentence
1. What droves Asian Regionalism as reflected in the discussion?
Asian regionalism is primarily motivated by the desire to advance
welfare in the region, it would not do so by detracting from
development elsewhere. The activation of regionalism in Asian
countries is mainly because they bare using it as a political
measure to ensure the realization of their own interests in the
uncertain circumstances caused by the decline of the existing
international order. From a static panel data simulation, it is
found that sound transportation infrastructure, good governance,
competitive taxation policies, sizeable markets, good education,
democracy and the trend towards industrialization are the main
factors that serve as building blocks for East Asian regionalism. It
can also help to sustain global economic progress at a time when
other major regions are reaching economic maturity.
2. What commonalities can be inferred to the Asian countries
discussed in the rise of Asian middle class which contributes
to the creation of regional blocs (Asian Regionalism) in
Regional trade agreements in Asia are built on the foundations of
stability, investment, infrastructure, and trade. This was the aim
of US firms to find cheaper labor in Japan and China. As a result,
labor is increasing in countries like Vietnam. Intentionally, both
Russia and China have maintained their currency prices low for a
long time. As a negative, this makes traveling overseas more
difficult, but as a plus, it allows a country to get more bang for
its buck in terms of infrastructure development, which is a
country's primary focus. Stability, security, support, and trade are
all factors that contribute to regional blocs.