Looking at the political development of the region, what is the role Research Paper

Looking at the political development of the region, what is the role and importance of multilateral organizations such as ASEAN - Research Paper ExampleThis was rightful(a) for tout ensemble irrespective of the form of rule be it monarchy, communism, military rule or democracy. ASEAN policy of constructive intervention has led to increased participation of all the countries, including Myanmar, in the regional affairs. Establishment of AFTA (ASEAN Free Trade Area) has led to increased free trade in the region. However, AFTA is not as strong and consolidated as EU and needs further intensification. Currently ASEAN holds around 200 meetings annually2 for increasing the economic prospects within and outside the region. Even China, which is busy setting up several(prenominal) military base stations in within and outside the ASEAN region, is exploring every possibility to increase in trade and investment openness among other countries. However, there is a need to make the Treaty of Amit y and Co-operation in Southeast Asia sharper for economic well-being of the member countries. With US biggest consumer and China the biggest producer, there exit always be economic inter-dependence in the Asia Pacific region. Hence APEC could not watch been only a consultative forum. All the countries in the association have adhered to an open multiparty system of trading. Though APEC includes economically stronger countries like U.S., Australia, New Zealand and Canada, ASEAN countries in the ASEAN-APEC group are definitely going to have competitive advantage over the others.