By Lay Hwee Yeo
This booklet offers a scientific and thorough exam of the Asia-Europe assembly (ASEM) procedure which brings jointly the fifteen ecu member states, the ecu fee and ten East and Southeast Asian international locations. the writer not just strains the particular improvement of the ASEM strategy, but in addition contextualises ASEM inside of 3 diverse diplomacy theoretical frameworks, as seen by way of realists, social constructivists and institutionalists.
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Additional info for Asia and Europe: The Development and Different Dimensions of ASEM
ASEM was a symbol of Asia’s new status in the world scene and a demonstration of Europe’s recognition of this status. The ASEM Bangkok meeting was a good opportunity to lay to rest the past colonial relationship and the years of misperception and mistrust between Europe and Asia. It was the first time ever that the heads of state/government from Asia and Europe had gathered together on an equal footing to build a new partnership. The proposals and suggestions that surfaced during the meeting was a statement of faith that the two regions could find new ways to work together to set the stage for a new framework for the post-Cold War world order.
27 The EU’s wider involvement in the region was welcomed not only for obvious economic reasons, but also for strategic reasons. By committing the EU to the region, the number of major powers in the region would be increased, and the chances of domination by any single major power would thereby be reduced. A brief history of ASEAN ASEAN was founded in August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand, during uncertain times in Southeast Asia. At the time of its formation, ASEAN was scoffed at by many political observers, both in the region as well as beyond.
20 While trade between the two regions had increased over the years, the same cannot be said of investment. Both the EU and Asia were underinvesting in each other’s regions. The volume of EU foreign direct investments (FDI) in developing Asia lagged behind that of Japan and the US. 21 Concrete calculations about the growth of the Asian markets and the potential opportunities for European exporters and investors coincided with other pressures – such as the fear of being left behind by the other two key economic powers, Japan and the US – to create the demand for the EU to develop an overall Asia strategy.