In today’s dynamic world, regional blocs play a pivotal role in shaping global geopolitics and economics. Among them, the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) stand out. Both are conglomerations of multiple nations, but their paths, challenges, and strengths differ significantly.
Introduction: An Overview of ASEAN and the EU
Often seen as one of the most rapidly growing regions, ASEAN is now frequently cited as a potential rival to the EU. Established in 1967, ASEAN was formed with the primary goal of promoting economic growth, social progress, and regional stability. Comprising 10 countries including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, its significance in the global landscape has been growing exponentially.
In contrast, the EU, with its 27 member countries, was birthed in 1993 from the Maastricht Treaty. Its objectives have been broad, from promoting peace, establishing a single market, fostering economic growth to ensuring social and territorial cohesion among its member states.
Population Dynamics: Youth vs. Aging
A striking difference between ASEAN and the EU is their demographic makeup. With a population…
