ASEAN,_EU_and_NAFTA_Trade_Agreements_or_Just_Regions[1]

ASEAN,_EU_and_NAFTA_Trade_Agreements_or_Just_Regions[1] - G...

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  GLOBALIZATION AND GOVERNMENT NAFTA, ASEAN AND EU - TRADE AGREEMENTS OR JUST REGIONS   BC 607 – MODULE 6.1 GLOBALIZATION AND GOVERNMENT PROFESSOR: MIRO SMRIGA DIANE E. MALONE APRIL 14, 2010
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GLOBALIZATION AND GOVERNMENT NAFTA, ASEAN AND EU - TRADE AGREEMENTS OR JUST REGIONS ‘Made in China’ is a phrase seen for decades on items in stores and markets throughout the world. The Chinese ‘cornered the market’ on low-cost labor and goods while the world wasn’t looking. In fact, until 2003 China appeared to be increasing the Southeast Asians market share. However, soon China’s low-wage jobs and increasing number of factories pulled investors into China proper rather than the region Asia. The result was decreased market shares for the less economically developed countries and only slightly increased income for China itself. Although China was busy they weren’t bringing home a lot more money. Regardless of their omnipresent position in the international marketplace, they have not benefitted from it greatly. Southeast Asian countries gathered and decided to try and remedy the situation through a regional free-trade agreement, much like NAFTA (North American Free Trade Agreement). As with many free-trade agreements, a country needed to meet certain qualifications to join. This is merely a like on like situation. Countries who are very prosperous usually do not necessarily want to be in an agreement with lower economically developed countries, but rather those similar to their own. This is the one way free-trade still segregates factions. ‘ The Association of Southeast Asian Nations (ASEAN) was formed in 1967 by Malaysia, Singapore , Indonesia, Thailand and Philippines, later expanding to include Myanmar (Burma), Brunei, Laos, Cambodia, and Vietnam. These countries have a number of common goals, which they work together to achieve, as ASEAN. These include promoting economic growth, cultural development, social progress and the peaceful solution to conflict situations’ (Trade Editor,  
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NAFTA, ASEAN AND EU – TRADE AGREEMENTS OR JUST REGIONS?
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ASEAN,_EU_and_NAFTA_Trade_Agreements_or_Just_Regions[1] - G...

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