Question: What if Asean became a country?

What if ASEAN became one country?

It’s been said that if ASEAN were a single country, it would be the world’s fifth-largest economy. In 2014, the U.S. and the 10 ASEAN nations traded more than $250 billion in goods and services, representing about 8 percent of all U.S. trade and making ASEAN our nation’s fourth-largest trading partner.

What will happen if there is no ASEAN?

If ASEAN didn’t exist, there would be no more intergovernmental body to support the tourism industry. Less developed economies would have a harder time attracting regional tourists. Costs of travel would increase without the ASEAN umbrella that waives tax and duties.

Why would a country want to join ASEAN?

The ASEAN Declaration states that the aims and purposes of the Association are: (1) to accelerate the economic growth, social progress and cultural development in the region through joint endeavors in the spirit of equality and partnership in order to strengthen the foundation for a prosperous and peaceful community of …

What if Southeast Asia became a single country?

As a single entity, ASEAN would be the world’s largest Muslim country, the second largest Buddhist country and the fourth largest Christian country by population. … The largest ethnic group would be the Javanese with a population of 100 million or 16% of the population.

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Why is Asia important to the world?

Asia is the most important region of our world for achieving global well-being. One reason is simply the region we call Asia is where most of us live. … In being so populous, Asia is also home to diverse societies, each with their own creativity and technological prowess.

What are the disadvantages of ASEAN?

As a regional grouping, ASEAN has four major weaknesses: The tendency to prioritize national over regional interests, weak leadership, ineffective bureaucratic structure and purely emulating the Western approach.

Why did the Philippines join ASEAN?

NEW YORK, 09 January – The Philippines expressed the commitment of the Association of Southeast Asian Nations (ASEAN) in maintaining and promoting peace, security and stability in the region, as well as in the peaceful resolution of disputes, including full respect for legal and diplomatic processes, without resorting …

Is ASEAN powerful?

According to the latest International Monetary Fund World Economic Outlook figures, ASEAN countries’ gross domestic products combined to $2.73 trillion in 2017, putting the group ahead of the United Kingdom’s 2.63 trillion and India’s $2.61 trillion.

Is ASEAN useful?

For some five decades ASEAN has demonstrated its relevance; it has mattered. ASEAN transformed the relationship among Southeast Asian countries from a “trust deficit” to one of “strategic trust.” … And not least, ASEAN enabled a more people-centered region: ushering in dramatic transformations of the region’s economies.