This document discusses Asian regionalism and its importance to the Philippines. It defines Asian regionalism as being driven by economic integration rather than political planning. Key factors that contribute to Asian regionalism include infrastructure, governance, market size, education, and industrialization. However, geographical Asia is seen as too diverse culturally, too small globally, and too conflictual internally for strong regionalism. The importance of regionalism to the Philippines includes cheaper goods and services, better travel options, and increased trade. Regionalism also allows for more effective planning and resource sharing between governments.

3.  OBJECTIVES:
 At the end of the discussion, the students should be able
to:
 Differntiate between regionalization and globalization
 Identify the factors leading to a greater integration of
the Asian region
 Analyze how different Asian states confront the
challenges of globalization and regionalization.

33. Concept of Asian Regionalism:
Asian regionalism is the product of economic
interaction not political planning. As a result of
successful, outward-oriented growth
strategies, Asian economies have grown not
only richer but also closer together.

34. Factors of Asian Regionalism:
From a static panel data stimulation it is found
that some transportation infrastructure, good
governance, competitive taxation policies,
sizeable markets, good education, democracy and
trend towards industrialization are the main
factors that serve as a building blocks for East
Asian regionalism.

35. Three (3) Propositions of Asian
Regionalism:
Geographical Asia is too diverse for cultural
Asia.
Geographical Asia is too small for Globalizing
Asia
Geographical Asia is too conflictual internally
for strategic Asia.

36. Importance of Asian Regionalism to
the Philippines:
Cheaper goods and services.
Better travel options.
Gives nations within the region to do more trade for
goods and services.
Tax on imported goods is lowered or even eliminated.

37. Purpose of Regionalism:
Regionalism is a performative discourse. It
seeks to achieve legitimacy for definitions of
boundaries and to obtain approval for this
definition in cultural and political, and popular
and official understandings.

38. Purpose of Regionalism in the
Philippines:
 Regionalism encourages local governments to pool
resources, talent, and efforts.
 Collaborating creates more effective planning that
all governments, both big and small can participate
in.
 Creates a larger budget to deliver stronger results.