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Regional integration for and against articles - Essay Example

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China Regional Integration- Advantages Regional integration is a kind of process in which different states or countries establish a mutual agreement with other countries in order to gain some benefit. This benefit can be achieved in any form, although agreements are mostly done on political and economic fronts…
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Regional integration for and against articles
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Download file to see previous pages China is one such country that is doing great job in the context of regional integration. It has acted as a strong initiator of regional integration policies and development. China is struggling hard to establish cooperation within South East Asian countries by promoting their economic interests. Behind the attempts at enhancing economic development in Asian countries underlies a strong goal of a making Asia a peaceful and economically developed continent (Clarke, 2011). There are many benefits of establishing regional integration of China with other South East Asian countries. The most important benefit of regional integration is allowing those countries that have been disadvantaged from economic aspects due to some reasons a chance to make themselves economically sound. As economic regional integration implies removing barriers in trade and other economic aspects to allow free trade among nations, regional integration is a beneficial phase for the countries to become developed economically (Nicolas, 2007). In addition to the advantages of regional integration described above, there are other benefits as well. It helps to strengthen the integration of trade within a specific region. Besides, it provides enormous chance for private investors to start a business over there. It also allows the countries involved in regional integration to develop economically stable public sector organizations and institutions. Thus it promotes a peaceful environment within different countries based on mutual trust and cooperation with each other (Storey, 2011). Among the great benefits of regional integration lies economic development of many sectors in those countries that are involved in the process of regional integration. Firstly, it enables the tourism industry of one country to flourish by removing the borders between two countries and encouraging free trade among them. The decrease in cross-trade barrier gives tourists an opportunity to visit other countries without caring for the hindrances regarding travel. Despite travelling and hospitality benefits, regional integration calls for a significant decrease in inflation rate by making cheaper products. Not only are the products become cheaper, they become diversified as well. It also allows the faster delivery of products and services in the integrated regions (Clarke, 2011). Due to these reasons, China has expanded the trade and economic development between ASEAN countries by making trade agreements between South East Asian countries. It has contributed a lot in making China and the other ASEAN countries to enjoy great benefits of regional integration. It is probably due to this fact that China has become a geographical region promoting diverse talent and skills. Hence, regional integration is the key to economic success of a country (Storey, 2011). China Regional Integration- Disadvantages China is a significant promoter of establishing mutually satisfying agreements of business or economic nature between nations. It has been a region that allows for the integration of political or economic nature between South East Asian regions. Regional integration can be defined as a process where mutual agreements are made to satisfy some great purpose that would be beneficial for the both regions. There are many benefits of regional integration for instance, economic development, integration of various industries and business at international level. In addition to the ...Download file to see next pagesRead More
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