Fostering globalization by
stimulating cooperation and
competition
Major economic regionalism
because of major economic
regionalization
Prevention of
financial crisis
New and
powerful
economic flows
Economic interdependence
Technological progress
NO armed conflicts since cold war area
Negative
Social and income
inequality
Environmental
problems
Facing
challenges
due to
diversity
Asian values in
some countries can
produce deep
fissures
Dependence
of western
countries
Changes
won´t benefit
in the same
way all
countries
Regionalism
Possitive
Construction of security
institutions
Intraregional trade and capital flows
Security issues improved mainly
on the threat of nuclear weapons
Create an East Asian Unity
Achieved through bilateral means
Sense of responsibility for the stability
of world economic system
Regionalism and Globalization for
China are seen as complementary
rather than contradictory forces
Negative
Lack of unity;
geopolitical and
economic differences
Lack of trust in
other Asian
nation due to
past conflicts
The impact of AFC
was different for
each of the Asian
Countries
Not
attention
for
domestic
policies
Rise of
China as
fear for
surrounding
countries
that might
be left
behind
Caused de
cesase of
fire
exchanges
in the
vicinity of
the Spratly
Islands
since 2003
Opinion
I think that a deeper
Asian Regional
integration will occur in
the future only if all the
regions find a balance
and learn how to take
away all their
differences. Also they
need to work for a real
regional cooperation in
order for them to have a
real economic
development