| ID | 132578 |
| Title Proper | Regional economic integration in ASEAN |
| Other Title Information | how far will it go? |
| Language | ENG |
| Author | Kabir, Shahriar ; Salim, Ruhul A |
| Publication | 2014. |
| Summary / Abstract (Note) |
The Association of South East Asian Nations (ASEAN) is among several regional blocs that have received praise from economists for making significant progress towards developing intra- and extra-regional economic relationships. However, opinions differ over the extent of ASEAN's potential for integration. This paper reviews the performance of and prospects for the group's intra- and extra-regional integration. It also reviews the performance of individual members in order to assess whether ASEAN integration could potentially lead to a monetary union in the future. We provide an overview of trade performance and a comparison of three macroeconomic variables: inflation; interest; and exchange rates. We observe that ASEAN members are in a favourable position to form a strong economic zone in the near future, but adopting a common monetary policy is less plausible. |
| `In' analytical Note | Journal of Southeast Asian Economies Vol.31, No.2; Aug.2014: p.313-335 |
| Journal Source | Journal of Southeast Asian Economies Vol.31, No.2; Aug.2014: p.313-335 |
| Key Words | Southeast Asia ; ASEAN ; Economic Integration ; Regional Economic Integration - REI ; Regional Economic Relationships ; Macroeconomic ; Monetary Union ; IMF ; World Bank ; Common Monetary Policy ; Trade Performance |