A Brief Review of the ASEAN Economic Community’s Progress

Authors

  • Antti Aromäki University of Oulu

Keywords:

ASEAN Economic Community (AEC), integration, roadmap, infrastructure projects

Abstract

A brief review of the ASEAN Economic Community’s progress, expectations, and the possibilities they entail. As the integration process has received relatively little notice either in  academic or in commercial publications, this review attempts to fill that gap by taking a brief look at the integration project that can only be described as substantial. To do this, the paper reviews some key economic figures, the roadmap of the integration, and some of the infrastructure projects related to the integration. Furthermore, it provides some pointers for investors.

 

Author Biography

  • Antti Aromäki, University of Oulu

    Business school, management,

    PhD candidate

     

References

ASEAN. (2008). ASEAN Economic Community Blueprint. ASEAN Secretariat, Jakarta. Accessed at 7/10/13: http://www.asean.org/archive/5187-10.pdf

Blizkovsky, P. (2012). Two crises, two responses: adjustment of economic governance in ASEAN and the European Union. Asia Europe Journal, 9, 91–106.

Wu, C. H. (2010). The ASEAN Economic Community Under the ASEAN Charter; Its External Economic Relations and Dispute Settlement Mechanisms. C. Herrmann and J.P. Terhechte (eds.), European Yearbook of International Economic Law, 331-357.

Robles, Jr. A. C. (2004). The ASEAN Free Trade Area and the Construction of a Southeast Asian Economic Community in East Asia. Asian Journal of Political Science, 12(2), 78-108.

Petri, P. A., Plummer M. G., and Zhai, F. (2012). ASEAN Economic Community: A General Equilibrium Analysis. Asian Economic Journal, 26(2), 93–118.

ADB. (2013a). Asian Development Bank. The road to ASEAN financial integration: A combined study on assessing the financial landscape and formulating milestones for monetary and financial integration in ASEAN. Mandaluyong City, Philippines: Asian Development Bank.

IMF WEO. (2012). International Monetary Fund. World economic outlook. Accessed at 7/26/13 http://www.imf.org/external/pubs/ft/weo/2012/02/weodata/weoselser.aspx?c=548%2c518%2c516%2c522%2c566%2c578%2c536%2c582%2c544&t=9

IMF REO. (2013). International Monetary Fund. Regional economic outlook. Asia and Pacific. Washington, D.C.

UNCTAD. (2012). Handbook of Statistics online (UNCTADstat). United Nations, New York. Accessed at 7/25/2013: http://unctadstat.unctad.org/ReportFolders/reportFolders.aspx?sRF_ActivePath=p,4&sRF_Expanded=,p,4

Masron, A. T. (2013). Promoting intra-ASEAN FDI: The role of AFTA and AIA. Economic Modelling, 31, 43–48.

ASEAN. (2012). Fact Sheet. Jakarta: ASEAN Secretariat. Accessed at 8/6/13: http://www.asean.org/images/2013/resources/statistics/external_trade/table22.pdf

Deutsche Bank Research. (2013). ASEAN Economic Community: Implications for Thailand & CLMV. Deutsche Bank AG, Frankfurt.

ACIA. (2013). ASEAN Comprehensive Investment Agreement (ACIA) – A Guidebook for Business and Investors. Jakarta: ASEAN Secretariat, March 2013

Suh, T. and Khan, O., J. (2003). The effect of FDI inflows and ICT infrastructure on exporting in ASEAN/AFTA countries A comparison with other regional blocs in emerging markets. International Marketing Review, 20(5), 554-571.

Lankhuizen, M., de Groot, H. L. F., and Linders, G.J. M. (2011). The Trade-Off between Foreign Direct Investments and Exports: The Role of Multiple Dimensions of Distance. World Economy, 34(8), 1395-1416.

Mateev, M. (2009). Determinants of Foreign Direct Investment in Central and Southeastern Europe: New Empirical Tests. Oxford Journal, 8(1), 133-149.

Austria, M. S. (2012). Moving Towards an ASEAN Economic Community. East Asia, 29, 141–156.

NWPC. (2012). National Wages and Productivity Commission. Accessed at 8/12.13: http://www.nwpc.dole.gov.ph/pages/statistics/Asean%20Wages%202012.pdf

Xinhuanet. Accessed at 8/13/13: http://news.xinhuanet.com/english/business/2012-06/13/c_131651068.htm

ASEAN. (2009). investment map. Accessed at 10/23/13: http://www.aseansec.org/wp-content/uploads/2013/07/Publication-ASEAN-Investment-Map-09.pdf

Sovacool, B.K. (2009). Energy policy and cooperation in Southeast Asia: the history, challenges and implications of the Trans-ASEAN gas pipeline network (TAGP). Energy Policy, 37, 2356–2367.

Sovacool, B.K. (2010). A critical stakeholder analysis of the Trans-ASEAN Gas Pipeline (TAGP) Network. Land Use Policy, 27, 788–797.

ASEAN. (2011). Master Plan on ASEAN Connectivity. Jakarta: ASEAN Secretariat. Accessed at 8/17/13: http://www.scribd.com/doc/111869648/Master-Plan-on-ASEAN-Connectivity

Busines-in-Asia. (2013). Runckel, C. W., Table of Investment Cost Comparison for Vietnam, China, Thailand, Cambodia, Philippines, Malaysia and Laos. Runckel & Associates Portland Oregon. Accessed at: 8/8/2013 http://www.business-in-asia.com/investment_comparison.html

WORLD BANK. (2013). The Worldwide Governance Indicators. Accessed at 8/14/13: http://info.worldbank.org/governance/wgi/index.asp

ADB. (2013b). Asian Development Bank. Asian development outlook 2013. Asia’s energy challenge. Mandaluyong City, Philippines: Asian Development Bank.

Zhang, S., Liu, W., and Liu, X. (2012). Investigating the Relationship Between Protestant Work Ethic and Confucian Dynamism: An Empirical Test in Mainland China. Journal of Business Ethics, 106(2), 243-252.

Downloads

Published

2014-02-14

How to Cite

A Brief Review of the ASEAN Economic Community’s Progress. (2014). Asian Journal of Business and Management, 2(1). https://ajouronline.com/index.php/AJBM/article/view/900

Similar Articles

1-10 of 88

You may also start an advanced similarity search for this article.