What are the disadvantages of ASEAN integration?
ASEAN’s weaknesses. Development gaps between and within members in income, human capital, institutions, and infrastructure and the absence of regional distributive mechanisms; disparities in good governance and the rule of law; disparities in population growth and population aging, that together with disparities in …
What are the pros and cons of ASEAN integration?
Here are some of the pros and cons regarding the integration:
- Larger market. With the merging of available markets within the ASEAN region, everyone gets a fair chance of capturing a bigger flag. …
- More investors. …
- Fiercer competition. …
- Costly labor. …
- Hone your English communication skills. …
- Go for their markets.
What are the challenges and implication of ASEAN integration?
The paper suggests that in these efforts ASEAN faces five major issues and challenges: enlargement, regional security cooperation, economic issues and cooperation, leadership transitions in ASEAN’s members, and the renewed problems in Cambodia.
What are the disadvantages of economic integration?
- Trade diversion may occur.
- Small members may become a depressed region of the group.
- As a result of this, large members may become inefficient.
- Smaller high cost producers could be taken over or go out of business.
What are the obstacles to a regional integration in Asia?
Among weaknesses it should be mentioned little trade among member countries, diversity of culture, norms and politic systems in each member countries, language barrier, lack of proper public utility system in some countries, banks’ structural inefficiencies and weak financial infrastructures in some countries, lack of …
What is Asean integration and globalization?
The establishment of ASEAN (Association of Southeast Asian Nations) as one of the most highly-integrated regional organizations is the reflection of the process of globalization. This high integration is characterized by international cooperation in economic, social and political policies.
What are the threats of ASEAN integration to the environment?
A large section of ASEAN population and activities is concentrated in the urban areas. This has led to environmental threats such as air pollution, climate change and water pollution, with a critical impact on the performance of the urban areas at the country level as well as at the ASEAN integration level.
What is the impact of ASEAN integration in the Philippine economy?
It’s also highly beneficial to the country’s IT industry, seeing as how ASEAN has 700 million digital consumers. In fact, by 2025, the sector is expected to grow 500% to $200 billion. One of ASEAN’s goals, after all, is to decrease “unemployment and underemployment” across the region.
What is the biggest challenge to ASEAN identity building?
To the extent that it is a contrived but meaningful notion, ASEAN identity is also subject to challenge and change due to changing political, strategic, and economic currents in the region and beyond.