Globalization and Regionalization in Asia Confronting the Challenges of Globalization
Tax Reform
12. How did Asian countries face challenges in income inequalities?
The easy money from foreign remittances (OFW remittances)
16. For the government, what is the major cause of its inability to pursue sound economic development programs?
Regionalization
27. Is the process of dividing an area into smaller segments called regions. It points to the decomposition of the world into smaller economic units and regional integration groupings.
People's Mining Bill
The House Bill 4315, is dubbed as the?
Asia
1. This continent is now at the forefront of globalization and regionalization.
Piketty, Bernie Sanders (US Senator) and Jeremy Corbyn (UK Labor Party Leader)
10. They argue that income inequalities can be addressed by tax increases for the richest individuals and corporations.
Tax Reform
11. This will increase the government's financial power that it can use to fund social services such as education, health care, and housing.
The reliance of developing countries on remittances seemingly discourages governments to strengthen local employment, as receiving remittances is easier than crafting an effective industrial plan. In the Philippine case, the country's balance payments has been consistently negative (more imports than exports) as its remittances from migrant workers soar.
13. What is the root cause of the brain drain brought on by the labor export policy?
Brain Drain
14. The situation where a country loses its best workers. For example, skilled workers in developing countries such as India or Pakistan may be attracted by better rates of pay and working conditions in developed countries, such as the US and Western Europe.
The neglect of domestic production and poor investments in infrastructure, agriculture, mining, export promotion, and social development because of the easy availability of funds from remittances.
15. What is the most serious negative effect of labor export policies?
Indigenous People
17. These are the entities who are at the forefront of the struggle against unbridled globalization through destructive forms of mining in frontier lands such as mountains, plateaus, and forests covered by their ancestral domain.
In the Philippines, the Bayan Muna Party-list filed House Bill 4315 as a way to balance the need for development-oriented mining and the need to preserve the environment for future generations.
18. How did the Philippines faced the challenge in massive environmental destruction caused by mining industries?
(1) Asia is home to China which, in 2014, surpassed the US as the world's biggest economy in terms of GDP. (2) Economic zones with much potential for further growth because of its young and increasingly more educated workforce coupled with stable population growth. (3) Rich in essential natural resources (from petroleum and minerals to food crops and lumber). (4) Asian countries such as Singapore, South Korea, China, and Japan are among the world leaders in innovation.
2. What are the factors that puts Asia as a continent at the forefront of globalization and regionalization?
Trans-Pacific Partnership (TPP)
22. The largest regional trade accord ever where US President Donald Trump rescinded his country's membership.
Outsourcing and Reviewing its labor migration policies
23. How did Japan face possible labor short-ages due to its aging population?
Resolving its roots by ensuring that the needs of marginalized communities in the terrorists' list of perspective recruitment grounds are sufficiently fulfilled. If everyone in society enjoys the fruits of globalization, there will be no place for terrorism to thrive.
24. What is the more holistic approach to terrorism?
Resolving its roots by ensuring that the needs of marginalized communities are sufficiently fulfilled. If everyone in society enjoys the fruits of globalization, there will be no place for resource competition and the need to do heinous crimes to survive.
25. What holistic approach is also vital in resolving human trafficking and ethnic strife?
Proliferating the idea of unity in diversity. Respect for everyone's culture and maintaining a set of shared positive values to establish a more responsive and more coherent society are keys to limiting racial tensions in a continent as diverse as Asia.
26. What approach must be utilized to mitigate the friction in multilingual and multicultural societies?
Regionalization
28. Breaks larger territories into useful units that geographers need to conduct their specific research. Its goal is to create a given number of districts, each comprising a contiguous block of territory and within a set margin of error for its total population or electorate.
Asia Pacific and South Asia
3. According to Kimura, these countries emerged over the past decade as a new political force in the world.
(1) ASEAN-China Free Trade Area (ACFTA) or China-ASEAN Free Trade Area (CAFTA) (2) ASEAN Economic Community (AEC)
4. What regional trade agreements were signed to create free trade areas?
ASEAN-China Free Trade Area (ACFTA)
5. Is a free trade area that covers the ten member states of the Association of Southeast Asian Nations (ASEAN) and China.
China's 900 Billion-Dollar Belt and Road Initiative
6. Aimed at funding a number of mega-infrastructure schemes across the world toward building a modern-day version of the ancient Silk Road and new "golden age" of globalization.
China's Belt and Road Initiative
7. Is expected to make intercontinental trade between Asia, Africa, and Europe faster and hence, larger in volume and capacity.
China's Belt and Road Initiative
8. This project includes six "corridors" that link China and a number of countries.
(1) New Eurasian Land Bridge (Western China to Western Russia) (2) China-Mongolia-Russia Corridor (Northern China to Eastern Russia) (3) China-Central Asia-West Asia Corridor (Western China to Turkey) (4) China-Indochina Peninsula Corridor (Southern China to Singapore) (5) Bangladesh-China-Myanmar Corridor (Southern China to Myanmar) (6) China-Pakistan Corridor (Southwestern China to Pakistan) (Optional) Maritime Silk Road (Chinese Coast through Singapore to the Mediterranean).
9. What are the six corridors that are included in China's Road and Belt Initiative project?
House Bill 4315
An act re-orienting the Philippine Mining Industry, ensuring the highest industry development standards, and for other purposes.
Regionalism
In politics, it is an ideology that highlights the local identity, the need for independent regional planning, and administrative freedom. It promotes the manifestation of cultural singularities and prioritizes the region's interest over the interest of the nation as a whole.
House Bill 4315
This bill seeks to reorient the current policy on the ownership, management and governance of metallic and non-metallic minerals, quarry resources, and gemstones towards a rational manner for national industrialization and local development. It covers onshore and offshore, large-scale and small-scale mining operations and their conservation, exploration, development, utilization, processing and transportation.
The difference between globalization and regionalization: (1) Globalization refers to "international integration arising from the interchange of world view, products and ideas, and other aspects such as technology", and regionalization is the division of an area into smaller segments called regions. (2) Globalization promotes the integration of economies worldwide, but regionalization tends to oppose integration and bring divisions. (3) There is a free market and opportunity to trade internationally with globalization, while regionalization promotes monopolization. (4) Globalization tends to propel multiculturalism, but regionalization creates boundaries in distinctive cultures. (5) Due to globalization, a community can help others worldwide, but a regionalized system might choose not to get involved in foreign matters. (6) Globalization led to advanced technology because of sharing ideas whilst a regionalized system tends to lag
What are the differences between globalization and regionalization?