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ID: 113840

Moving towards an ASEAN economic community / Austria, Myrna S

Austria, Myrna S	Journal Article
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2012.

Summary/Abstract

Why are the ASEAN economies increasingly becoming anxious about regional integration? To stay competitive is an obvious answer. Greater cohesion is also imperative for ASEAN to sustain its credibility of being able to provide the platform for interactions in East Asia and the rest of the world. Yet what is offered by the ASEAN Free Trade Area, the ASEAN Framework Agreement on Services, and the ASEAN Investment Area may not be adequate or comprehensive enough for the Association to amass the economic clout commensurate with its position as a pivotal player in East Asia. The ASEAN Economic Community is thus the logical, but not automatic, extension of these regional efforts. Can it come to fruition? This paper discusses how the ASEAN economies may address key issues that have hampered deeper economic integration in the region.

Key Words

ASEAN ; Regionalism ; Economic Integration ; Bilateralism ; ASEAN Economic Community ; ASEAN Way

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ID: 140005

Philippines and the AEC beyond 2015: managing domestic challenges / Austria, Myrna S

Austria, Myrna S	Article
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Summary/Abstract

As the deadline for the ASEAN Economic Community (AEC) approaches, the Philippines has yet to complete the implementation of its commitments in the AEC Blueprint. While it is true that the government has implemented most of them, these policy reforms have yet to make an impact on the economy. This paper examines the country’s performance in terms of its commitments in the AEC by identifying the gaps between those commitments and actual implementation. It also examines the domestic economic conflicts that have hampered Philippine policy reform efforts, focusing on the automobile industry. The conflicts may be due to a lack of common economic interests among firms in the industry as well as because of the lack of coherence of domestic policies that have limited, if not negated, progress towards economic integration. Domestic conflicts have created an industry that has failed to develop as a major exporter as well as a source of employment and income for the country.

Key Words

Economic Integration ; Domestic Conflict ; Global Production Network ; Economic Effiency

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