Regional integration involves countries usually from the same region. That is common boundaries, similar beliefs, customs and language. A successful example of regional integration is the EU countries.
There are various stages of regional integration, and the immediate goal is to reduce tariffs between member countries. This usually comes in the form a Preferential Tariff Arrangement or PTA. PTA involves the reduction of tariffs over a period of time. The second stage of regional integration involves a Free Trade Area or FTA and this sees tariffs on merchandise trade reduced to zero over a period of time. The next phase is known as Common Market and, also includes zero tariffs but on all goods and services including the free movement of labour between member countries. Finally, the next stage of regional integration is known as Economic Union. This includes in addition (to the common market), monetary integration, and political union. The EU is an ex...
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- Introduction The Philippines is a series of islands off the coast of mainland Southeast Asia. The archipelago had been colony of both Spain and the United States before 1946 when, “the Philippines attained its independence under a U.S.-Style constitution (Youngblood Coleman 1). While the country is rich in a number of natural resources, there are signs of economic hardship, such as high rates of unemployment and underemployment. These high rates have led to great disparities of wealth in the country.... [tags: Philippines, Southeast Asia]
1033 words (3 pages)
- ING Insurance Asia/Pacific ING is one of the 20 largest financial structures in the world and within the top ten in Europe. A dutch-founded company, ING offers a variety of products lines in the insurance industry. It offers insurance services in the Americas, in Europe as well as in Asian countries. ING also does retail and wholesale banking all over the world. ING was the first European enterprise to enter the life insurance market in countries such as Japan, Taiwan and South Korea. Life insurance policies in Asia are different than policies in the rest of the world.... [tags: Business Case Study]
1039 words (3 pages)
- Liberal theory – pursuit of cooperation over competition China’s peripheral diplomacy chapter from a book titled Chinese Foreign Policy: An Introduction, written by Marc Lanteigne, depicts China’s diplomacy in liberal thoughts that the fundamental objective of China’s involvement in East Asia bases on regional cooperation rather than competition. Liberalism, in a political context, is one of major international relations theory that aims for peace and cooperation in international arena. Lanteigne notes that peripheral diplomacy, which prioritised on relations with Asian neighbours via a series of foreign policy initiatives, started after the Tiananmen Incident of 1989 forwarded by Jiang Zemi... [tags: Foreign Affairs, East Asia, Diplomacy]
1695 words (4.8 pages)
- Image is everything to a business; businesses without a face cannot survive in the dynamic environment leave alone sustain a loyal customer base. Thus, the essence of introducing the public relations department within an organization to handle matters relating to its image to the society in general, and also to guide on the services the organization may offer to the community. This department is engaged in the implementation of a Corporate Social Responsibility (CSR) or a corporate citizenship program that oversees its involvement in developing sustainable all round growth and development of the society in which it operates.... [tags: Asia Pacific Region]
530 words (1.5 pages)
- Regional Paper - MERCOSUR Regional integration is the process by which countries agree to reduce or eventually remove tariff and non-tariff barriers to promote the free flow of goods and services amongst countries. Global business is accomplished when organizations conduct business internationally and are not committed or bounded to a single home country. Regional integration combined with global business supports organizations conducting business globally amongst a variety of countries by removing restricting barriers and other obstacles.... [tags: Case Study Mercosur Regional Integration]
1107 words (3.2 pages)
- Over the past two decades, Asia Pacific regions have seen considerable improvements in technology. Despite the 1997 Asian financial crisis that spared no member countries, their rapid economic growth grabbed the entire world attention (Hobday, 1995). The question is: has governments contributed in the emergence of Asian Pacific technologies. Using the Republic of Korea, Japan, Taiwan province of China, Singapore and Malaysia as comparative countries, this essay will focus on the role governments had in developing their technologies.... [tags: East Asian Pacific region policies and politics]
2613 words (7.5 pages)
- At the present, the phenomenon of people smuggling is a vital issue in the globalization. The impact of smuggling in people is not restricted in one country but it causes a variety of impacts. Most developed countries often suffering from the issue of people smuggling For example, in 2001, around 43,000 illegal migrants from both Pakistanis and Afghans resided in the UK, US economy has suffered from the rising number of illegal migrants from Mexican approximately 11 million during 2006. Moreover, people smuggling not only provide a matter of illegal migrant but also it leads to the link between smuggling and serious crime as dual crimes such as in 2000, international organized crime group w... [tags: Globalization, Crime, Current Events]
2853 words (8.2 pages)
- Introduction The sea since long ago has been a precious sources to human kind for living and as a highway for commerce and war as well as a provider of food and other resources, supremacy of the sea was confined mainly to maritime powers as their national security policy, the concept of security has expanded from mainly military to the dimensions of political security, economic security, societal security and environmental security Now the sea is not for gaining supremacy but focusing in global trade, international shipping and maintaining the maritime security as the result of globalization .... [tags: Maritime History ]
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- Introduction Over the past two decades, the quantity of regional trade agreements (RTAs) has greatly increased as more and more countries see the importance of having them. The total amount has grown from approximately 50 in early 1990 to over 377 agreements in January of 2014 (World Trade Organization, 2014). This increase can partially be attributed to the cumbersomeness of the World Trade Organization, which over the years has become slower and ineffective for nations wishing to get faster results (Schott).... [tags: regional trade agreements]
1961 words (5.6 pages)
- Since the mid 1960s, Pacific Asia has had a remarkable rate of economic growth. This growth has been sustainable and faster than all other regions of the world (see fig. 1). This region consists of twenty-three economies but it was just eight who caused most of this amazing growth. The eight were Hong Kong, the Republic of Korea, Singapore, Taiwan, China, (the “Four Tigers”) Japan and the newly industrialised economies (NIEs) of south-east Asia, Indonesia, Malaysia, and Thailand. The eight high performing Asian economies (HPAEs) mentioned here will be the focus of this essay.... [tags: Pacific Asia Economics]
1124 words (3.2 pages)