The Processes And Institutions That Appear To Be Challenging The Idea Of The Nation As A Sovereign Territory In The Asia Pacific Region, And The Institutions That Keep The Nation Relevant.

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Issue:

Social Issues

 

Written by:

Maria R

 

Date added:

November 21, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1503

 

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7328 times

 

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This process seems to challenge the idea of the nation as a sovereign territory and economic state. ‘Fundamentally, in these arrangements the ‘national economy’ is generally considered to be of diminished relevance’ (Ohmae 1995; Reich 1991; Harris 1986, cited in Parsonage 1998, p.248). However, there remains a resistance to the global economy as nations tend to jockey to further their own trade and economic agendas, hence their relevance, particularly within their respective regions...
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‘Paradoxically, globalisation has been accompanied by a regional concentration of trade and investment due to changes in the organization of production which favour regional markets’ (UNCTC 1991; Morales and Quandt 1992, cited in Parsonage 1998, p.248). These nations seek to gain competitive advantage in the region and elsewhere through economic co-operation with near or direct neighbours...
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