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This is an important and timely volume: important because ASEAN is an increasingly significant and influential regional and global actor; and timely because, as the 2015 ASEAN Economic Community target approaches, what is needed is a sympathetic yet arms-length survey of the issues and challenges. ASEAN will miss some of the targets laid out in its AEC Blueprint, but the reader is left in no doubt that the ASEAN spirit is alive and well. The editors include a distinguished former Secretary General of ASEAN and the leading academic analyst of ASEAN economic cooperation. They and their co-editors are to be congratulated for soliciting contributions from an outstanding and diverse group of authors, and then adding their highly authoritative commentary and analysis. A must read for anybody seriously interested in ASEAN.
The large market size and abundant resources of the Greater Mekong Subregion (GMS), including a large, motivated and cheap workforce, a rich agricultural base, extensive timber and fisheries resources, considerable potential mineral resources, and vast energy resources have seen the subregion increasingly recognized as a new frontier of Southeast Asian economic strength. This book aims to assess the recent economic, social and political developments in the GMS and identify emerging opportunities and challenges facing the successful transition towards a market-driven economy. The countries of the GMS are at a critical juncture where subregional efforts and cooperation must be made to fully address the rapidly evolving issues that are vital to appropriate policy formation, yet which remain widely debatable. The deliberations here shed light on the development stages and offer policy recommendations for pushing forward subregional cooperation.
Comprises papers presented at the ASEAN Roundtable of 18 June 2009. Covers issues of social, strategic and political implications, the economy and finance.
The establishment of the ASEAN Economic Community (AEC) at end-2015 has brought into sharp focus the issue of financial and economic integration in the region. This paper takes stock of ASEAN’s financial integration and prospects. ASEAN integration could accelerate in the years ahead; it will likely be a safe, gradual process consistent with the “ASEAN way” of consensus decision-making. Properly phased and sequenced, closer financial integration has the potential to help increase real incomes and accelerate real convergence within ASEAN and narrow the region’s gap with advanced Asia. Realizing the promise of financial integration will require ASEAN countries to make long-term investments in financial infrastructure. Policymakers can draw on the experience of their more advanced peers and of other regions. Gradualism and safeguards should not be excuses for inaction or financial protectionism. Reliance on flexible policy frameworks and a strengthened and tested regional financial safety net should be part of the agenda. Closer engagement with the Fund could also help.
Asia has witnessed a proliferation of free trade agreements (FTAs) since the turn of the millennium. The first regional agreement - the ASEAN FTA - was transformed into the ASEAN Economic Community at the end of 2015. In the meantime, ASEAN forged five ASEAN+1 FTAs and began to negotiate a sixteen-member Regional Comprehensive Economic Partnership (RCEP) Agreement. In parallel, the U.S.-led Trans-Pacific Partnership (TPP), supporting U.S. foreign policy of "e;Pivot to Asia"e;, was broadly agreed in October 2015. The RCEP and the TPP are accompanied by other mega-regional integration processes developing elsewhere in the world, including the Transatlantic Trade and Investment Partnership for ...
In the tradition of the Asia Competitiveness Institute (ACI) at the Lee Kuan Yew School of Public Policy, National University of Singapore (NUS), our research publications make a distinctive contribution to the understanding of economic development in Asia by evaluating and tracking competitiveness for the ten ASEAN member states annually since 2000 through combining leading-edge methodologies with an extensive dataset. In this third edition, the competitiveness ranking and simulation study for ASEAN-10 are improved and updated with 121 indicators across four environments. An in-depth assessment of the establishment of the ASEAN Economic Community (AEC) offers important implications for future integration initiatives in the broader Asia Pacific region. Novel empirical frameworks are also applied to provide an estimation of annual agricultural Total Factor Productivity (TFP) growth in eight ASEAN economies and to shed light on the drivers of growth in the travel and tourism industry in Malaysia, Singapore and Thailand.
"Founded in 1974, Southeast Asian Affairs provides, without fear or favour, informed and in-depth annual analyses of this vibrant region and its component countries. It is the only publication which does this and is in its own class without peers. It is a mandatory reference and read for those seriously interested in knowing Southeast Asia." - Professor A.B. Shamsul, Director, Institute of the Malay World & Civilization, Universiti Kebangsaan Malaysia "Now in its 37th edition, Southeast Asian Affairs offers an indispensable guide to this fascinating region. Lively, analytical, authoritative, and accessible, there is nothing comparable in quality or range to this series. It is a must read for academics, government officials, the business community, the media, and anybody with an interest in contemporary Southeast Asia. Drawing on its unparalleled network of researchers and commentators, ISEAS is to be congratulated for producing this major contribution to our understanding of this diverse and fast-changing region, to a consistently high standard and in a timely manner." - Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, Australian National University
An interdisciplinary work on regional integration and the rule of law in ASEAN and the emergence of a soft regulatory regime.
This book is a world-class report by the Asian Competitiveness Institute (ACI), updated annually to analyse Indonesia's competitiveness at both the 33 provincial levels and six regional groupings based on the central government's Master Plan for Acceleration and Expansion of Indonesia's Economic Development (MP3EI). With 104 indicators covering four environments, the study's unique methodology incorporates comparative strengths and weaknesses as well as applies Geweke causality analysis to a subset of indicators. Apart from scores and rankings, what-if policy simulations offer various provinces practical prescriptions to improve overall competitiveness to accelerate economic growth and development in a balanced, fair and sustainable way. Such qualitative and quantitative analyses in collaboration with various stakeholders generates an exciting pathway for Indonesia to attain its rightful place in both the Asian region and global contexts.
This book takes the reader to old Malaya as seen through the eyes of King Chulalongkorn of Siam. The King was probably the most travelled monarch of his time. He went to Java three times, India and Burma once, and Europe twice. In all these journeys, he had to pass through Singapore, and when he went westwards, he had to pass through Penang. The King travelled to Malaya more than ten times - mainly to Singapore but also to Johor, Penang, Malacca, Taiping and Kulim. The narrative is told through historical photos and notes on the places he visited and pen sketches of the people he met. Since King Chulalongkorn's travels cover nearly the whole period of his reign, they reflect the different st...