Regional Integration and Inclusive Development: Lessons from ASEAN Experience
AbstractThe current economic crisis has lent extra urgency to ASEAN’s efforts at economic integration and raising its attractiveness for trade and investment. This process gained momentum in the 1990s and has made much progress, as reflected in the emergence of a wide range of extra- and intra-regional agreements. However, the effectiveness of this network of arrangements in stimulating trade and investment depends on not just the characteristics of each arrangement but how well they complement each other. This paper addresses these two areas by examining and evaluating past and present initiatives individually and collectively. Findings suggest that the fundamental impeding issues have endured over the years: lack of political will, ASEAN-style consensus-reliant negotiation, and insufficient management in implementing and harmonising of initiatives. Recommendations include agreement design innovation and focus on shared concerns to overcome lack of will, role expansion of the secretariat to monitor implementation through issuance of score cards, and establishment of specialised bodies such as sub-committees and working groups to enhance implementation and dispute settlement.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada. in its series Working Papers with number 5908.
Date of creation: Dec 2008
Date of revision:
Publication status: Published in ARTNeT website
Contact details of provider:
Web page: http://www.unescap.org/tid/artnet/
ASEAN; Economic Integration; Development; Trade;
Find related papers by JEL classification:
- F1 - International Economics - - Trade
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Paul Vandoren, 2005. "Regional economic integration in South East Asia," Asia Europe Journal, Springer, vol. 3(4), pages 517-535, December.
- Tubagus Feridhanusetyawan, 2005. "Preferential Trade Agreements in the Asia-Pacific Region," IMF Working Papers 05/149, International Monetary Fund.
- Hadi Soesastro, 2005.
"Accelerating ASEAN Economic Integration - Moving Beyond AFTA,"
Trade Working Papers
22034, East Asian Bureau of Economic Research.
- Hadi Soesastro, 2005. "Accelerating ASEAN economic integration: Moving beyond AFTA," CSIS Economics Working Paper Series WPE091, Centre for Strategic and International Studies, Jakarta, Indonesia.
- Ramkishen Rajan & Rahul Sen, 2002. "The Japan-Singapore Â“New AgeÂ” Economic Partnership Agreement: Background, Motivation and Implications," Centre for International Economic Studies Working Papers 2002-08, University of Adelaide, Centre for International Economic Studies.
- Engwerda, J. & Boldea, O. & Michalak, T. & Plasmans, J. & Salmah,, 2012. "A simulation study of an ASEAN monetary union," Economic Modelling, Elsevier, vol. 29(5), pages 1870-1890.
- Boldea, O. & Engwerda, J.C. & Michalak, T. & Plasmans, J.E.J. & Salmah, S., 2011. "A Simulation Study of an ASEAN Monetary Union (Replaces CentER DP 2010-100)," Discussion Paper 2011-098, Tilburg University, Center for Economic Research.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Yann Duval).
If references are entirely missing, you can add them using this form.