Which of the following statements is correct?

Statement A- After the end of the bipolar structure of world politics in the early 1990s, in Europe, the European Union (EU) and, in China, the Association of South East Asian Nations (ASEAN), have emerged as forces to reckon with.

Statement B- While evolving regional solutions to their historical enmities and weaknesses, both the EU and the ASEAN have developed alternative institutions and conventions that build a more peaceful and cooperative regional order.

Choose the correct answer from the given options:

Only statement B is correct.

The correct answer is Option 2 - Only statement B is correct.

Given statements:

Statement A- After the end of the bipolar structure of world politics in the early 1990s, in Europe, the European Union (EU) and, in China, the Association of South East Asian Nations (ASEAN), have emerged as forces to reckon with. (Incorrect)

Statement B- While evolving regional solutions to their historical enmities and weaknesses, both the EU and the ASEAN have developed alternative institutions and conventions that build a more peaceful and cooperative regional order. (correct)

Correction in Statement A- After the end of the bipolar structure of world politics in the early 1990s, in Europe, the European Union (EU) and, in ASIA, the Association of South East Asian Nations (ASEAN), have emerged as forces to reckon with.

After the end of the bipolar structure of world politics in the early 1990s, it became clear that alternative centres of political and economic power could limit America’s dominance. Thus, in Europe, the European Union (EU) and, in Asia, the Association of South East Asian Nations (ASEAN), have emerged as forces to reckon with. While evolving regional solutions to their historical enmities and weaknesses, both the EU and the ASEAN have developed alternative institutions and conventions that build a more peaceful and cooperative regional order and have transformed the countries in the region into prosperous economies.