2.Explain how ASEAN is an important economic and political assetof all of its member Southeast Asian nation-states against thedominant political and economic powers of the world.
Answer (1)
Answer:ASEAN (Association of Southeast Asian Nations) is a crucial economic and political asset for its member states in Southeast Asia, particularly in navigating relations with dominant global powers. Economically, ASEAN's collective market, which represents over 650 million people, offers significant trade opportunities and economic leverage. The economic integration within ASEAN, through agreements like the ASEAN Free Trade Area (AFTA), enhances intra-regional trade and investment, boosting economic growth and competitiveness. This economic cohesion strengthens the member states' bargaining power in global trade negotiations and attracts foreign investment.Politically, ASEAN provides a unified voice and a platform for its member states to address regional issues collaboratively, such as security concerns, environmental challenges, and diplomatic disputes. This unity helps ASEAN to present a consolidated front when engaging with major powers like the United States, China, and the European Union. By fostering regional stability and cooperation, ASEAN enhances its members' influence and protects their interests in the global arena.Overall, ASEAN's integration helps member countries to collectively leverage their economic potential and political influence, balancing the dominance of larger global powers and enhancing their strategic position on the world stage.
