The Role of Southeast Asian Regional Integration in Promoting Global Business

Introduction One would think that John Sweeney, as a life-long trade unionist and current president of the American Federation of Labor and telling of Industrial Organizations (AFL-CIO), would be opposed to the concept of globalization. In fact, he sees globalization as inevitable, although, in its current form, globalization cannot be sustained. Democratic societies leave not support it. Authoritarian leaders will fear to impose it. (Sweeney among the Globalists, November 2000) His view is that globalization necessarily to be rethought and reshaped to manifest more values than the freedom of corking in order to make the global system good for decent societies (ibid.). Sweeney might be right on all told counts, particularly as applied to southeastward Asia. Initially ambivalent to toward regional integration and with issues of trust, member nations of the Association of Southeast Asian Nations (ASEAN) have been careful in their implementation (Munakata, 2002, p.1). This paper will offer an analysis of the role of regional integration of Southeast Asia in the promotion of global business by examining the advantages and disadvantages of regional integration, comparing the economic development stages of countries within the region, and examining the ramifications of the regions economic development for global business.

Advantages and Disadvantages of Regional Integration Ideally, regional integration should addition efficiencies through competition and lower and reduce variation of prices crossways the region. Reality, however, often falls short of this ideal. Even in europium where there has been a sustained effort and high impulsion for regional integration, neither of which are evident in ASEAN, it took the credence of a common currency for the costs of automobiles to begin to normalize from county to country. (Hill, 2005, p.268)Some of the other benefits of the preferential trading agreements that are negotiated within regional blocs like ASEAN are the liberalization of... If you want to get a full essay, order it on our website: Orderessay

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