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ASEAN: Regional Integration and Reforms

Author

Listed:
  • Mari Pangestu

    (University of Indonesia)

  • Lili Yan Ing

    (Economic Research Institute for ASEAN and East Asia (ERIA) and University of Indonesia)

Abstract

Over recent decades ASEAN has advanced a policy of regional integration, starting with the ASEAN Free Trade Area, following on with the ASEAN+1 free trade agreements with its six main trading partners, and now with ASEAN+6. To further advance ASEAN's regional integration in the East Asian context, it should continue to focus on further liberalization of trade in goods, investment, and services that can facilitate more trade and investment. East Asian integration is designed not to be just an “extensive regional trade agreement,” but is more a “responsive vehicle” that consists of trade and investment commitments combined with facilitation. To keep regional integration viable, it should adopt an open regionalism.

Suggested Citation

  • Mari Pangestu & Lili Yan Ing, 2016. "ASEAN: Regional Integration and Reforms," Asian Economic Papers, MIT Press, vol. 15(2), pages 44-60, Summer.
    • Handle: RePEc:tpr:asiaec:v:15:y:2016:i:2:p:44-60
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    File URL: http://www.mitpressjournals.org/doi/pdf/10.1162/ASEP_a_00424
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    Cited by:

    1. Mari Pangestu & Lili Yan Ing, 2016. "ASEAN: Regional Integration and Reforms," Asian Economic Papers, MIT Press, vol. 15(2), pages 44-60, Summer.
    2. repec:era:wpaper:dp-2015-72 is not listed on IDEAS
    3. Raju, Arun & Roy, Partho S, 2019. "Renewable Natural Gas Research Center Project," Institute of Transportation Studies, Working Paper Series qt0055g3kb, Institute of Transportation Studies, UC Davis.
    4. Wang, Hui & Si, Ieongcheng & Chen, Zhihua, 2024. "Does the Belt and Road Initiative promote China and the countries along the route to reconstruct the global value chain? Evidence from value-added trade," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 63-83.
    5. Felten, Björn & Weber, Christoph, 2018. "The value(s) of flexible heat pumps – Assessment of technical and economic conditions," Applied Energy, Elsevier, vol. 228(C), pages 1292-1319.
    6. Mohsen Bahmani-Oskooee & Muhammad Aftab, 2017. "Asymmetric Effects of Exchange Rate Changes and the J-curve: New Evidence from 61 Malaysia–Thailand Industries," Review of Development Economics, Wiley Blackwell, vol. 21(4), pages 30-46, November.

    More about this item

    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F6 - International Economics - - Economic Impacts of Globalization

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