The Peace and prosperity of countries lay in the establishment and strengthening of regional economic organisations. Justify this statement.
Answers
Answer:
The statement that the peace and prosperity of countries lay in establishment and strengthening of the regional economic organisation is true. The statement is true because-
• By forming regional economic organisation the nations become integrated and unify in an economic, political, cultural, social and military sense and therefore turn out to be much stronger and prosperous.
• The nations develop cohesiveness over their shared culture, a geographical proximity which results in persistent peace within the region. For example- ASEAN.
• Because the nations unite together to form a common economic platform, their economy grows better and bigger and at par with the other large economies of the world and the region prospers. For example- the European Union.
Explanation:
Answer:
Yes, the given statement is true that Peace and prosperity of countries lay in the establishment and strengthening of regional economic organizations.
Explanation:
Both European Union and ASEAN Regional Forum have developed alternative institutions to build peaceful and cooperative regional order which in turn has helped countries developed a good and prosperous economy. Though Germany fought with England in World War II, it is a member of European union today. Similarly, under Marshall plan, a forum was formed, European Economic Cooperation, under which all the western European states cooperate on trade and economic issues. This way they build a healthy economy. ASEAN has strengthened the economies of South East Asia region by helping them in their problems like poverty.