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Reasons For Regional Economic Integration

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1. What are the motivations behind ASEAN pursuit of promising institutional regional economic integration? Has ASEAN achieved its objective of achieving economic growth through promoting regional economic integration?
1.1 Introduction
ASEAN is Association of Southeast Asia Nation, and it is a set or community for many countries in Southeast Asia. This set is aimed to help each other or build each other members in the economic field or the other. First established in Bangkok, ASEAN evolve over time. Starting from only consists of the founding members, to other new countries in to become a new member. Even to the countries of Southeast Asia area wish to join and participate in cooperation, which is reaping the rewards become ASEAN plus. Here …show more content…

Lately ASEAN strengthen of develop its integration in many aspects such as investment, goods and more. AFTA has developed by ASEAN at the end of 1992 and starting at January 1st 1993 in Singapore , and it is a part of ASEAN Economic Community. AFTA as one of the regional economic integration carried out by ASEAN become an important role and provide good benefits for ASEAN member countries. With the great advantage for countries within the ASEAN community, it makes ASEAN wants to do development on the regional economic integration which they apply, and then it can benefit better …show more content…

The spectacular growth performance of China over the past quarter century that transformed it from a poor and isolated but liberalising country in the mid-1980s to the second largest economy in the world at present. China’s spectacular economic transformation had marked impact on its neighbours including ASEAN countries. China is also one of the reasons why the ASEAN countries experiencing significant economic growth. A ver significant development experienced by China makes China be a country that is advanced and powerful and it gives effect to the neighboring countries, not only in the economic sector but also in various other sectors. This influence makes ASEAN becomes easier to move forward and flourish, and also facilitate regional economic integration that goes. It is also easier for ASEAN to develop its economy further.

2. A) List and define (at least) two types of regional economic integration. B) Discuss the problems inherent in each of the types you listed under. C) Explain the concept of trade creation and trade diversion using two examples.
Regional economic integration is one of the best ways for a country or set of countries in developing the economic sector, because in this way can provide a lot of benefits such as strengthening relations between countries. It has already explained above about types of regional economic integration and there are four types of regional economic integration, such as:
1. Free Trade Area. The basic of regional integration, for

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