Answer:

1. A dynamic and outward-looking Asian regionalism could bring huge benefits not just to Asia, but to the world. It could help sustain the region's growth, underpin its stability, and—with the right policies—reduce inequality in every part of the system especially in our country which is also part of Asia.

2.Improves Efficiency and Effectiveness. Regionalism encourages local governments to pool resources, talent and efforts. Collaborating in this way creates more effective planning that all governments, both big and small, can participate in. It also creates a larger budget to deliver stronger results.