This document outlines the agenda for a class that discusses various economic integration agreements including ASEAN, EU, NAFTA, and WTO. It includes topics such as the history and development of these organizations, their key principles and agreements, benefits and challenges of economic integration, and case studies of specific integration regions. Students will learn about the member countries, institutions, and goals of integration bodies. They will also analyze trade data, barriers, and impacts of integration between countries and regions through group assignments, presentations, and discussion.

1. WK4 AgendaHot topic: News, students’ need, Gen RNo class last week of JulyExam I next week! Chapter1-7Video & Info Search DiscoveryHomeworkExecutive summaryWhole class team work? Benefit, cost, risk analysis=>ASEAN outlookVerifiable information(challenging vs. impressive)“Those who know don’t talk, those who talk don’t know” vs. “Those who talk bulls_ _t, _ _upid kids don’t talk”Win win1MIB, BBA 2010

2. ASEANFrom the Video clips:What countries are the ASEAN member?What’s ASEAN+3?What’s the benefit of ASEAN?What’s the road ahead?How do we start?MIB, BBA 20102

3. EUFrom the video clips:What’s the status form of economic integration for EU?Where are we?What’s political union?Should Turkey join EU?What’s the problem?MIB, BBA 20103

4. NAFTAFrom the video clips:Was NAFTA a mistake?What’s their problem?How will they fix the problem?MIB, BBA 20104

5. Info Search In 4 groups find out more information on ASEAN, EU, NAFTA, and WTO.Present your knowledge in a game.Who wants to be a millionaire?Are you smarter than the 5th grade?Press the button.MIB, BBA 20105

6. HomeworkIn four groups find the information on the amount of trade, product types, rules, tariffs of the products to the outside producers, possible trade negotiation:Thai and EUThai and the US.Thai and ChinaTrade within ASEANCompare your information with the Bilateral of Korea and EU, Korea and the US., and China bilateral with other countries.What’s the big picture of these jigsaws?MIB, BBA 20106

7. WK4.2 AgendaHot topics:News: new TVsTutoring vs. InternshipPractice Listening “True or false”LectureMind map & HomeworkMIB, BBA 20107

8. Practice Listening “True or False”There are three organizations under WTO(GATS, TRIPS, and IMF)The development of GATT started with G7, G10, G15, G24 and G77.G to G is not allowed for WTO members.WTO irresolvable issues includes: government subsidies, intellectual property, human rights, and environmental protection.Dr. Supachai is the current director general of WTO.MIB, BBA 20108

9. Development of World Trading SystemMIB, BBA 20109

10. Development of World Trading SystemMIB, BBA 201010

11. WTO PrincipleMIB, BBA 201011

12. WTO AgreementsMIB, BBA 201012

13. WTO AgreementsMIB, BBA 201013

14. Regional Economic IntegrationRegional Economic Integration:agreements between countries to reduce tariff and NTB to the free flow of goods, services and factors of production.Regional trade promote free tradeWill trade blocks compete against each other?MIB, BBA 201014

15. Level of Economic IntegrationMIB, BBA 201015

16. Economic IntegrationAdvantagesTrade creation: low cost producers within the free trade replace high cost domestic producersUnanimity: greater political clout in world politicPolitical cooperation: dependency on each other reduces the likelihood of violent conflictJob opportunityDisadvantagesTrade diversion: high cost suppliers within the free trade replace lower cost external suppliersJob lossLoss of national sovereignty: UK fear of less flexibility in national monetary policyMIB, BBA 201016

17. European Union27 Member states of the European UnionWhat countries are the original members?What are the candidate countries?MIB, BBA 201017

18. Evolution of The European UnionMIB, BBA 201018

19. EU InstitutionsMIB, BBA 201019

20. EU 202010 Year strategic plan for EU towards a green and innovative economySmart growth – developing an economy based on knowledge and innovation. Sustainable growth – promoting a more resource efficient, greener and more competitive economy. Inclusive growth – fostering a high-employment economy delivering economic, social and territorial cohesion. Action: 3% R&D, Education, Digital SocietyMIB, BBA 201020

21. NAFTAThe North American Free Trade Agreement(1994) consists of America, Canada, and Mexico.Removed all tariffs and barriers in 2008.Protects Intellectual Property Rights.Removed restrictions on FDI.Each country use its own environmental standards.Two commissions to impose fines and remove trade privileges when environmental standards, health and safety, labor, and minimum wage are ignored.NAFTA superhighway?MIB, BBA 201021

22. NAFTACritics:Job loss and wage level would decline in the US and CanadaMexican workers would immigrate northPollution would increase due to Mexican lower environmental standardMexico would lose its sovereigntySupporters:All countries will benefit.Increase jobs in MexicoThe US and Canada will have access to larger and more prosperous market, with lower consumer goods produced in MexicoThe US and Canadian firms with production sites in Mexico will be more competitive on world marketMIB, BBA 201022

23. NAFTAHillsThe impacts was subtle.Political stability in Mexico.Other Latin American countries want to join.US and Canada are adopting a wait and see attitude.OthersNAFTA didn’t deliver the promising result that the people had expected.It creates trade diversionOther problems still exist—drugs, immigration, pollution, and laborOther Latin American and South American countries are adopting a wait and see attitude—use Cuba as a litmus test with the US.MIB, BBA 201023

24. ASEANFormed in 1967Created ASEAN Free Trade Area(AFTA) in 1993 (10 years tariffs and barriers reduction plan, except for sensitive list until 2010)MIB, BBA 201024

25. AFTAAdvantagesTrade creation: lower price and better quality500 million people, increase competitive advantage to ASEAN producers (economy of scales, factor of productions, attract FDI)UnanimityPolitical cooperation: dependency on each other reduces the likelihood of violent conflict, and not depend on the world super power countriesJob opportunityMIB, BBA 201025

26. ASEAN 2020TradeTechnologyTradeBetter quality of lifeASEAN AFTAAEC 2015ASEAN ONE 2020ASEAN 2020—Partnership in Dynamic DevelopmentProsperous ASEAN with stabilityHigh competitive advantageEconomic Union (Free trade, free flow of factor of production, integrate economy, common currency, harmonize tax rate)Get rid of poverty and social inequalityMIB, BBA 201026

27. SummaryWhy do countries participate in Economic integration? Level of integration?What organization regulate the trade rules?What’s the key success factor for economic integration? How can we apply sufficiency philosophy?What did you learn from NAFTA and EU?MIB, BBA 201027

28. Manager ImplicationMIB, BBA 201028

29. WK4.3 AgendaDiscussionASEAN CompaniesVocabulariesTRIPS and NTMMind map continueHomework discussionMIB, BBA 201029

30. HomeworkMIB, BBA 201030What information can you get from the table?What would be the possible trade diversion?How can we solve this problem?What would be the competition?