Right around the corner from China is Japan. So you're looking at the numbers 2 & 3 economy on planet Earth right here, next-door neighbors with ASEAN, a place that is known for natural resource extraction, for cheaper labor, as a manufacturing hub. Southeast Asia is actually really becoming a workshop for Asia They're becoming a workshop for China. A lot of Chinese jobs are now moving to Southeast Asia. So ASEAN is in a awesome position. I mean just awesome position economically and geopolitically and everything else. Their prospects are stellar. If that wasn't enough, I really want you to know this stuff That's ASEAN. The ASEAN 10 you got now. There's also other associate members of this trade bloc. Associate members which would like to do a lot more with this trade bloc. I'm going to kind of pick them off one at a time. Associate members now that come to meetings with the ASEAN group include China, Japan, and South Korea. Whoa, stop right there When you hear that, when you hear this little acronym, ASEAN + 3, That's what it's referring to. The ASEAN plus China, Japan, South Korea
Holy Cow! That is some economic firepower. The number two, the number three, and the number I think 12 economy that want to sit in on the meetings of ASEAN? This place is happening, and it doesn't end there. Other associate members now include India, Australia, and New Zealand. WOOHOO! This block is happening, man! my blood pressure's Just getting all up in the hizzle because this thing is the future of Asia. I mean, holy freaking fortune cookies man. This block looks to be the foundation of a future continent- wide trade bloc of epic proportions. Take a deep breath and consider. There's ASEAN, and as associate members it has China and India? You're looking at a single trade bloc, which could very well soon have 60 or 70% of the humans alive on planet Earth in a single trade bloc? Oh, that is outrageous. And then you add in all these other Asian entities which are all growing like wildfire right now, you remember that from the economics lecture, and this is an international organization which promises to be a major incentive for stability Asia-wide while also encouraging increasing trade and economics Asia-wide much like the EU. And again, I'm gonna stress this one more time so you understand It's not simply that they're a trade bloc that increases trade with each other They are becoming a foundation of which could be helping promote stability, people not getting into wars with each other, no border disputes, no open animosity and encouraging trade between other entities much like the European Union There's a reason why Europe hasn't gone to war with itself for so long because they formed up this trade bloc which tied them together and made Europe very stable. I'm suggesting ASEAN may be the same deal for a much bigger continent with way many more people Whew!
- Fall '08
- International Trade, Trade bloc, Free trade area, economic integration, ORGS #2