'ASEAN way incorporates a culture specific approach to conflict resolution.
ADVANTAGES OF TRADING BLOCS FREE
ASEAN pledged to remain nuclear weapons free in 1995.
Political globalisation: ASEAN aims to co-ordinate response to regional political issues. Agreed to create a single market by 2015, however this was not achieved. It's working towards the elimination of tariffs sector by sector. A uniform low tariff is applied between members for specified goods. A free trade area with 10 members with a population of 625 million. The original political aim was to integrate economies, so that interdependence prevents war.ĪSEAN (The Association of South East Asian Nations). Political globalisation with the European Parliament and some foreign policy determined at EU level. The founding Treaty of Rome in 1957 committed members to work towards an 'ever closer union'. Common Agricultural Policy, Structural Funds to assist regions within member countries with a GDP per capita of less than 75% the EU average. Integrated economic policy areas, e.g. Uniform product labour and environment regulations. A single currency, the euro, has been adopted by 19 members. The Schengen area countries (26) have removed barrier controls. It guarantees the free movement of goods, capital and people. A single market trade bloc composed of 28 members and a population of 512 million. 
Firms producing a country's specialisation become TNCs as they sell outputs through the bloc.can produce at the lowest cost) and trade these products for other members' specialisms. Countries specialise in goods being produced which have a comparative advantage (e.g.Trade blocs lead to globalisation through: A free trade bloc is an agreement between a group of countries to remove all barriers to trade, e.g.
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