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ID:
092971
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2009.
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| Summary/Abstract |
This paper investigates the relationship between regional and national identities in the age of globalisation, with particular reference to the Association of Southeast Asian Nations (ASEAN). For members of ASEAN, economic integration is seen as a necessary step forward in order to (i) reduce reliance on Western countries during times of economic crisis and (ii) speed up the recovery process in the aftermath of a crisis. The concept of an ASEAN Economic Community represents a step towards achieving this goal. However, by means of a case study, this paper demonstrates that the idea of an ASEAN Economic Community does not yet have sufficiently solid foundations. Cracks appear when member states act in response to national interest. Given the frequency of friction between member nations, and the fact that ASEAN members are quite diverse in both economic and cultural respects, there is still much more to be done to realise the objective of forming an effective and credible regional economic group. In this paper some suggestions are offered that might assist with the achievement of this goal.
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| 2 |
ID:
097745
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2010.
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| Summary/Abstract |
Much has been written about privatization. Partial privatization is a lesser known fact, although most privatization programs begin with a period of partial rather than full divestment of state-owned enterprises (SOEs). In this type of privatization, the government plays the role of a regulator and a shareholder. This could give rise to conflicts of interest; for example, the possibility of political interest overriding the commercial interest. As a consequence, privatized SOEs may face difficulty in globalizing their business through financial and fixed asset investment. This article argues that setting up state-owned holding companies (SOHs) can be a constructive way to manage the important link between the government and the privatized SOEs and demarcate the government's role as regulator and shareholder. By means of a case study, the Temasek Holdings Limited of Singapore, this article illustrates the Singapore's experience in managing and globalizing partially privatized firms.
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