ASEAN overview, trends and challenges • Thank you for the interesting presentations • Sometimes you used not your own sentences, copied from websites or books • Sometimes you used difficult words without much explanation such as devaluation and nominal GDP, monarchy, legislature, judiciary, etc. ASEAN Diversity in ASEAN • History • Political systems • Economic systems • Religion • Language • Geography Problems in ASEAN • Indonesia versus Malaysia (cultural conflict) • Thailand versus Cambodia (border conflict) • Problematic geography and connectivity • Limited economic complementarity • Policy of non interference in domestic affairs (Burma/Myanmar case) • Illegal migration and human trafficking • Natural disasters ASEAN and economic globalisation Some countries in ASEAN benefit from globalisation, others might become the losers in internationalised economic battlefields ASEAN, USA and China The Economist on December 4th: “Their wealth depends on China, their security on America. Which way should Asian countries face?” Examples of special interests • Indonesia (member of G20) • Singapore (fully developed country) • ASEAN’s security community • ASEAN’s economic community • ASEAN’s socio-cultural community • Watch http://www.youtube.com/watch?v=aiQhqN-NdQc The ASEAN Economic Community in 2015 By 2015 ASEAN aims to become a genuine economic community in which goods, services, people, money and ideas can freely move throughout the entire ASEAN area. Is this feasible? Two lessons from the EU First, on the negative side, ASEAN should avoid some of the pitfalls that inward-looking discrimination brought on the EU (especially in agriculture), and would be potentially catastrophic in the ASEAN context. Intra-ASEAN trade is less than 25% of its global trade compared with about 66% for the EU, indicating that ASEAN members are already globally savvy Second—and partly related—is that the European experience illustrates that trade- investment links matter. And these relationships are shaping in large part the economic structure of ASEAN economies. While the CMLV ASEAN members remain at the early stages of the economic development process, the original ﬁve ASEAN countries have seen tremendous change in their productive structures in general, and in trade in particular. . The European experience shows that establishing a common market goes well beyond mere national treatment or most favored-nation treatment in the regional marketplace: economic cooperation must reduce myriad transaction costs associated with FDI, including those related to the labor market, mutual recognition of product standards, and the like. Source: Plummer, M. (2006), The ASEAN economic community and the European experience. ADB working paper series on regional economic integration No. 1: http://www.adb.org/Documents/Papers/Regional-Economic- Integration/WP01-Plummer.pdf ASEAN’s future • What about Burma/Myanmar? • What about a common currency? • How will economic integration further take place? • What about a borderless ASEAN? • What about an ASEAN court of justice? • What about an ASEAN parliament?
Pages to are hidden for
"ASEAN"Please download to view full document