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Question
The 'ASEAN Way'
Options
Reflects the lifestyle of ASEAN members.
A form of interaction among ASEAN members that is informal and cooperative.
The defence policy followed by the ASEAN members.
The road that connects all the ASEAN members.
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Solution
A form of interaction among ASEAN members that is informal and cooperative.
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The objectives behind the formation of ASEAN are as?
- Territorial disputes should not escalate into armed confrontations.
- To accelerate economic growth through social progress and cultural development.
- To promote regional peace and stability based on the rule of law and the principles of the United Nations charter.
- To establish a Dispute Settlement Mechanism to resolve economic disputes.
Read the following passage carefully and answer the question.
| ASEAN was and still remains principally an economic association. While the ASEAN region as a whole is a much smaller economy compared to the US the EU, and Japan, its economy is growing much faster than all these. This accounts for the growth in its influence both in the region and beyond. The objectives of the ASEAN Economic Community are to create a common market and production base within the ASEAN States and to aid social and economic development in the region. The Economic Community would also like to improve the existing ASEAN Dispute Settlement Mechanism to resolve economic disputes. ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. The US and China have already moved fast to negotiate FTAs with ASEAN. |
What is the objective of the ASEAN Economic Community?
Read the following passage carefully and answer the question.
| ASEAN was and still remains principally an economic association. While the ASEAN region as a whole is a much smaller economy compared to the US the EU, and Japan, its economy is growing much faster than all these. This accounts for the growth in its influence both in the region and beyond. The objectives of the ASEAN Economic Community are to create a common market and production base within the ASEAN States and to aid social and economic development in the region. The Economic Community would also like to improve the existing ASEAN Dispute Settlement Mechanism to resolve economic disputes. ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. The US and China have already moved fast to negotiate FTAs with ASEAN. |
Why did ASEAN establish Free Trade Areas (FTAs)?
Select one of the most appropriate statements for the ‘ASEAN WAY’ - ______
Read the passage given below and answer the questions that follow:
| After the end of the bipolar structure of world politics in the early 1990s, it became clear that alternative centres of political and economic power could limit America’s dominance. Thus, European Union and ASEAN emerged as forces to reckon with. BRICS has also emerged as a new centre of power on the world stage. The term BRICS refers to Brazil, Russia, India, and South Africa. The key objectives of BRICS are primarily to cooperate and distribute mutual economic benefits among its members besides non-interference in the internal policies of each nation and mutual equality. The 11th Conference of BRICS concluded in Brazil in 2019. |
- Name the political leader who chaired the 11th Conference of BRICS.
- Leonid Brezhnev
- Jair Bolsonaro
- Deodoro da Fonseca
- Jacob Zuma
- Which of the following statements about BRICS is correct?
- BRICS was founded to promote the welfare of the people of South Asia and to improve their quality of life.
- BRICS countries respect mutual equality.
- BRICS was established to create a free Trade Agreement (FTA) for investment, labour and services.
- The headquarters of the BRICS are in Kathmandu (Nepal).
- BRIC turned into BRICS after the inclusion of South Africa in its first meeting in the year ______.
- 2019
- 2009
- 2010
- 2011
- BRICS was founded in 2006 in ______.
- Brazil
- India
- Russia
- China
Explain the term 'ASEAN WAY'.
The objective of ASEAN is not restricted only to accelerating economic growth. Explain the statement.
Explain the meaning of ‘ASEAN Way’?
