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Practice and Prepare @ https://www.doorsteptutor.com/Exams/ Lectures on Various Subjects like Science, Social Studies and Humanities subscribe https://www.youtube.com/c/TestPrep/ Examrace Lectures in Hindi subscribe https://www.youtube.com/c/ExamraceHindi/ For kids videos nursery to Class 5 subscribe https://www.youtube.com/c/FunProf/ For Science (Physics, Chemistry, Biology and Mathematics) Class 11-12 and important topics subscribe https://www.youtube.com/c/DoorstepTutor/ Also visit NCERT Solutions, NIOS @ https://www.flexiprep.com/ IGCSE, A & AS Level @ https://www.examtestprep.com/ In China, the state played and continues to play a central role in setting up a market economy The new economic policies helped the Chinese economy to break from stagnation Privatisation of agriculture led to a remarkable rise in agricultural production and rural incomes. High personal savings in the rural economy lead to an exponential growth in rural industry. The Chinese economy, including both industry and agriculture, grew at a faster rate. The new trading laws and the creation of Special Economic Zones led to a phenomenal rise in foreign trade. China has become the most important destination for FDI anywhere in the world. It has large foreign exchange reserves that now allow it to make big investment in other countries. History of EU History of EU Features of EU Features of EU Features of ASEAN 3 Pillars of ASEAN Rise of Chinese Economy Reasons & Issues in Chinese Economy How China Opened the Economy? The Dark Side! India-China JAPAN ASEAN Flag is 10 stalks of paddy showing 10 nations and their friendship ASEAN security community was based on the conviction that outstanding territorial disputes should not escalate into armed confrontation. By 2003, ASEAN had several agreements in place by which member states promised to uphold peace, neutrality, cooperation, non-interference, and respect for national differences and sovereign rights. ASEAN Regional Forum (ARF), which was established in 1994, is the organisation that carries out coordination of security and foreign policy. ASEAN much smaller than EU, Japan & US but still growing faster ASEAN Economic Community are to create a common market and production base within ASEAN states and to aid social and economic development in the region – create free trade area for investment and labor services; also dispute settlement mechanism for resolving economic disputes ASEAN has mediated the end of the Cambodian conflict, the East Timor crisis, and meets annually to discuss East Asian cooperation India signed FTA with Singapore & Thailand. Later, India signed an FTA in goods with ASEAN in 2009, which came into force in 2010. A separate FTA in services was signed in 2014. EU: Absorb new members from erstwhile USSR The EU has economic, political and diplomatic, and military influence. The EU is the world’s biggest economy with a GDP of more than $12 trillion in 2005, slightly larger than that of USA. Its currency, the euro, can pose a threat to the dominance of the US dollar. Its share of world trade is 3 times larger than that of USA allowing it to be more assertive in trade disputes with the US and China Important role in WTO Britain & France have permanent seats in UN Security Council. EU includes several non-permanent members of the UNSC. Schengen Visa – Common visa for most EU Nations Chapters: 0:00 NCERT Class 12 Chapter 4 World Politics: Alternative Centers of Power 0:38 European Union and Regions of South-East Asia 1:44 ASEAN Grouping 2:01 History of EU 3:51 Features of EU 10:18 Features and 3 Pillars of ASEAN 12:58 Rise of Chinese Economy 14:30 Reasons & Issues in Chinese Economy 17:49 The Dark Side 19:22 India-China 21:34 Japan #worldpolitics #alternativecentersofpower #europeanunionandregionsofsoutheastasia #aseangrouping #historyofeu #featuresofeu #feauresandthreepillarsofasean #riseofchineseeconomy #reasonsandissuesinchineseeconomy #thedarkside #indiachina #japan #examrace #examrace #upsc #ugcnet
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