Got a tricky question? Receive an answer from students like you! Try us!

ASEAN in the Global Power Structure - Essay Example

Only on StudentShare
High school
Essay
Business
Pages 71 (17821 words)

Summary

ASEAN was founded in 1967 to deepen economic interaction and cooperation within the region. When it was first formed, the ASEAN member nations intended it to draw them together into a unified regionalist entity that would reduce dependence on foreign powers, particularly economically…

Extract of sample
ASEAN in the Global Power Structure


As a result of this drawing together, it was hoped that regional unity would naturally result and that economic integration within the region would be easier to facilitate. One of the fundamental purposes of ASEAN, then-at least on the surface-was to accelerate the economic growth, social progress, and cultural development in the region (Mahapatra 1990: 19). Furthermore, ASEAN's founders hoped to promote regional peace and stability in the region by encouraging a "respect for justice and rule of law" (Mahapatra 1990: 19, 26). Less obvious to the outside observer but certainly part of the driving force behind the development of ASEAN was the desire to solve Asian problems in an Asian way rather than by imitating Western solutions (Mahapatra 1990: 6). However, this was an ambitious task, because
The economies of the individual ASEAN member countries were closely integrated with a world economic system that was dominated by the United States. These countries were dependent, for their survival as well as prosperity, on foreign markets, loans and investments" (Mahapatra 1990: 27).
ASEAN, however, is not a "purely" Asian concept. Instead, the idea for the regional block, to a large extent, was conceptualized by the United States. U.S. ...
Download paper
Not exactly what you need?

Related Essays

The Impact of ASEAN Free Trade Agreement on Malaysian Automotive Industry.
The industry has shown a 20% growth in output in 2010 and appears to be heading towards an era of continuous growth in the future (Dinne et al, 2010). While Malaysia started as a country where International brands of cars were initially assembled, the progressive policies of the government have now made the country a manufacturer of world class vehicles. Perusahaan AutomobilNasional (PROTON) and Perusahaan OtomobilKeduaSdn. Bhd (PERODUA) now produce automobiles that dominate the Malaysian market. This has been made possible by enacting a series of protectionist policies like the requirement of…
60 pages (15060 words)
Capital Structure Pre and Post Global Financial Crisis
When debt financing is concerned, it includes borrowing from the banks, financial leasing, and bond issuing in the bond market. Equity financing mainly constitutes the retained earnings and issuing of additional shares in the stock market. Capital structure has its own importance in a company. There are primary two reasons supporting this fact. Firstly, debt and equity having differences in the costs, in the interest rates, and the required rates of return, there arises a need have an appropriate combination of debt and equity that can maximize the value of the firm by reducing the total cost…
12 pages (3012 words)
Key developments within the global airline industry
Key developments within the global airline industry …
8 pages (2008 words)
choose a global company and criticly analyse the structure
The business has originated from United States (US) and has more than 4000 branches all over the world. The most attractive feature of this organization, which brought huge recognition for it, is the customer service, quality of the product it serves and the cosy environment (Businessstudents, n.d.). The study focuses on analyzing the organization structure and the various strategies that they adapted to become successful. Methodology The study deals in critical analysis of the changes in the organizational structure and its impact on the business. In this regards the changes in the…
7 pages (1757 words)