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Question
What are the objectives of establishing regional organisations?
Solution
The regional organisations are established with the following objectives:
- To make regional development at par the fast growing global economy.
- To accelerate economic growth through the social progress and cultural development.
- To promote regional peace and stability based on the rule of law and the principles of United Nations Charter.
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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. |
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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. |
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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. |
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