There has been a considerable amount of growth in the economic regionalism during the recent times due to the problems that arise because of the factors pertaining to the interest and disagreement. One of the most notable characteristics of the present system on an international level is globalization. The number of organizations involved with the World Trade Organization Agreement during 2005 were very low. The need for the creation of ASEAN arose due to the lack of the regional security arrangements. There have been found theories that may provide for an explanation for the creation of the Association of South-East Asian Nations or the ASEAN (Acharya 2014). One such theory is the theory of neoliberalism. Neoliberalism generally refers to the approach that follows a theory that states that the States that are involved should be bothered mainly with the ultimate gains towards the other states rather than being bothered with the relative gains of the same (Przeworski 2014). The theory of neoliberalism is one of the key institutional theories in the predominant theories pertaining to the international theories of the United States. This theory mainly states that the states should make and maintain organizations for the purpose of serving the interests of the states.
ASEAN has been at an advantageous position since the its advent, though it has been at crossroads during the latest times (Cai 2014). The initial purpose of the setting up of the organization has been achieved. This has led to the prevention of the war occurrences in Southeast Asia after the wars that raged between China and India. ASEAN attempted the promotion of the trading activities in the regional areas, the liberalization of the critical markets. The association also attempts to help Asia to take care of the economic crises that may come up in the future days. The association must reject the new members despite its aim to strengthen the secretariat and put a closure to the agreement that it had made regarding the issue of the free trade (Henderson 2014). The association might integrate members who are a part of the system in the near future. The absorption of the mainland countries of the South-East during the 1990s. The consent of the current members of the association may assist the process of augmentation. It may also be noted that the states that own a membership of the association have been deemed unsuccessful in their agreement on the extension of the participation of the newly formed independent state of East Timor. The members of the Association of South-East Asian Nations or ASEAN are known to place their belief on the institutional theory. Thus, the members of the association tend to pay no heed to those member states that are represented by a fewer number of officials. In lieu of the above ongoing conversation it might be said that the association has been through the process of galvanization and have paid heed to the deepening of the integration and the projection of the managerial and socialization processes that they undertake in the North-East Asia (Henderson 2014).
Acharya, Amitav. Constructing a security community in Southeast Asia: ASEAN and the problem of regional order. Routledge, 2014.
Cai, David. ASEAN'S Strategic Approach Towards Security Relations with the US and China: Hedging through a Common Foreign and Security Policy. ARMY COMMAND AND GENERAL STAFF COLLEGE FORT LEAVENWORTH KS, 2014.
Henderson, Jeannie. Reassessing asean. Routledge, 2014.
Przeworski, Adam. The state and the economy under capitalism. Routledge, 2014.