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Accelerating ASEAN economic integration: Moving beyond AFTA



Progress and realisation of the ASEAN Economic Community (AEC) can only be achieved if there is a clear blueprint, which identifies the end goal, the process to reach the end goal and a framework for proper assessment of the costs and benefits of an ASEAN Economic Community. AEC should not be based on the AFTA in which an agreement was reached first and the details negotiated afterwards earning it the nickname of "Agree First Talk After". A "new ASEAN way" will have to be developed and accepted as the rule of the game before the AEC has any serious chance of fulfilling the role of making ASEAN more competitive and attractive for world business.

Suggested Citation

  • Hadi Soesastro, 2005. "Accelerating ASEAN economic integration: Moving beyond AFTA," CSIS Economics Working Paper Series WPE091, Centre for Strategic and International Studies, Jakarta, Indonesia.
  • Handle: RePEc:sis:wpecon:wpe091

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    References listed on IDEAS

    1. M. Chatib Basri & Hal Hill, 2004. "Ideas, Interests and Oil Prices: The Political Economy of Trade Reform During Soeharto's Indonesia," The World Economy, Wiley Blackwell, vol. 27(5), pages 633-655, May.
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    Cited by:

    1. 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.
    2. masron, Tajul arrifin & Mohd naseem niaz, Ahmad, 2008. "Export, Economic Integration and Exchange Rate Volatility in Turkey and Malaysia," MPRA Paper 41519, University Library of Munich, Germany.
    3. 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.
    4. Emmy, F.A. & Mohd Mansor, Ismail, 2009. "Trade Performance of Fruit and Vegetable Industry in Selected ASEAN Countries," MPRA Paper 16928, University Library of Munich, Germany.
    5. Hank Giokhay Lim & Kester TAY Yi-Xun, 2008. "Regional Integration and Inclusive Development: Lessons from ASEAN Experience," Working Papers 5908, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    6. Laurence Henry, 2007. "Trade and Economic Arrangements Between India and South Asia in the Context of Regional Construction and Globalisation," Working Papers id:1055, eSocialSciences.

    More about this item


    ASEAN Economic Community (AEC); regional integration; economic cooperation;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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