Five Facts about the ASEAN Economic Community
Das, Sanchita Basu | April 2015
Abstract
As the ASEAN Economic Community’s (AEC) 2015 deadline approaches, the project suffers more detractors than supporters. A majority seems convinced that the initiative’s deliverables, namely an integrated production space with free movement of goods, services, and skilled labour will not be achieved by December 2015. This ‘bald’ statement has some merit. But we must ask ourselves what the definition of economic community was when ASEAN decided to form an AEC. Even if we go with the notion that ‘ASEAN cannot deliver on AEC’, how far can we blame the organisation? And can AEC, as the only regional initiative, be blamed for policy changes in each member country’s domestic economy, and hence for the possible negative fallouts? To answer these questions, this article will attempt to explain five crucial facts about ASEAN economic cooperation. This is important, as irrespective of any criticism, ASEAN will announce the attainment of the AEC on 31 December 2015.
Citation
Das, Sanchita Basu. 2015. Five Facts about the ASEAN Economic Community. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/10991.ISSN
2335-6677
Keywords
Regionalism
Regional Economy
Regional Trading Arrangements
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
Development Management
Development Planning
Development Strategies
Development In East Asia
Development Planning
Development Research
Green revolution
Regional Trade Integration
Regional Economic Integration
Regional Cooperation
Interregional Cooperation
Government Policy
Regional Organization
Regional Plans
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Development strategy
Development models
Economic development
Economic integration
Regional Development Bank
Preferential tariffs
International negotiation
Protectionist measures
Access to markets
Economic agreements
International trade law
Regional integration
Trade relations
Exports
Economic integration
Distribution
Economic integration
Infrastructure
Interregionalism
Regional economics
Regional planning
Communication in rural development
Communication in community development
Economic development projects
Development banks
Economic forecasting
Environmental auditing
Cumulative effects assessment
Human rights and globalization
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