Southeast Asia and the ASEAN Economic Community

ISBN-13: 9783030197216 / Angielski / Twarda / 2019 / 487 str.

Roderick MacDonald

Spis treści

1. Southeast Asia and the AEC, an Introduction

Geography of the Region

History of the Region

Early Identity and Influences

The Europeans and Japan

ASEAN: From Individual Countries to a Region

The Economies of ASEAN and AEC in the Structure of This Book

Part I: Six Large Economies

2. The Philippines

Introduction

History in Brief

National Characteristics

From the ‘Sick Man of Asia’ to its ‘Rising Tiger’

Overview: The Philippine Economy

Drivers of Growth

Economic Freedom

The Philippines in the AEC

Origins of ASEAN

Extent of the Market

ASEAN as a Competitive Production Hub

Cost of Doing Business as a Key Determinant of Participating in AEC as a Production Hub

How Do the Philippines Compete in Terms of the Costs of Doing Business?

Human Resources: The Ultimate Resource

The Philippines as a Dynamic Part of the ASEAN Production Hub: Way Forward

Challenges in the AEC for the Philippines

Prospects

Labour and Services Exports

Resurgence in Manufacturing

Construction Boom

Tourism

Challenges

Final Remarks

3. The Vietnamese Economy at the Crossroads

Introduction

Vietnam Today

Historical Background

Economic Overview

Political Regime and Culture

The Government of Vietnam

The Economic Culture of Vietnam: Confucian and Communist Legacies

Global Integration and Transformation of Economic Behaviour

Trade Liberalization and Consumer Behaviour

The Rise of the Internet and Its Economic Implications

The Economic Leaders of Transitional Vietnam

The Vietnamese Superclass

Aspirations for Prosperity: The Start-Up Fever

Vietnamese Foreign Trade

Trade Overview

Within the ASEAN Region 

China Trade and FDI

Trade with Other Partners

Whither the Vietnamese Market Economy? 

Macroeconomic Stability under Political Influence

Sustainability Assessment

Conclusion

4. Thailand

Introduction

Economic Policy and Historical Background

Natural Resources, Strengths and Comparative Advantages

Unskilled Labour and Migrant Workers

Competitiveness and Ease of Doing Business

Economic Needs and Weaknesses

Resource scarcities (aging society, and severe degradation of natural resources

Inability to escape the middle-income trap

Serious income distribution problems

Economic Freedom

Compliance with AEC Institutions

Conclusion on Thailand and the AEC

5. Malaysia: Trade, Foreign Direct Investment and Regional Integration

Introduction

Historical and Developmental Snapshots

Changing Trade Posture and Investment Dynamics

Shifting Focus of Industrial Policy

Growing Regional Connections

Global Track Record

Concluding Remarks

6. Singapore: Working Towards Prosperity

Overview of The Economy

The Founding Myth

A History of Growth

The Twentieth Century: From Policy to Results

Human Capital (Resource) Development

The Twenty-First Century: New Horizons

A New Growth Market

An Attempt to Develop Regional Trade

The Region and Changing Investment Patterns In The 21st Century

Conclusion

7. Indonesia: Choosing between the Privileged and Prosperity

Economic Overview

Organization of the Economy Of Indonesia

The Governments of Indonesia since Independence

The Impact of Islam On Indonesian Politics

Conclusion

Part II: Four Smaller Economies

8. Brunei Darussalam, a Country Profile

Introduction

Socio-Political Overview of Brunei

Economic Overview of Brunei

National Development Policies of Brunei

Benefits of Regional Integration

Harmonization of Policies, Standards and Regulations

Reformation of Domestic Policies to Improve the Business Environment

Increased Inflows of FDI

Way Forward for Brunei

9. Cambodia: Growth with a Red Flag

Introduction

The Economy in the Twentieth Century

Economic Performance

Talent, Human Capital, and Wages

Sources of Future Growth

Economic Priorities and International Funding

Hard and Soft Infrastructure for Business

Conclusions

10. Laos in Need of Bolder Reforms for AEC Integration

Introduction

Recent Developments in Economic Integration

From ASEAN to the ASEAN Economic Community

Regional Connectivity to Overcome Landlocked Status

Accession to The World Trade Organization

Economic Performance

Growth and Structural Change

The Growing Importance of Resource-Based Exports

Concentration of Trade with Very Few Trading Partners

Laos Participating In Labour-Intensive Production Sharing

Some Challenges and the Way Forward

Transforming Resource Wealth for Sustainable Development

Supporting the Non-Resource Sector for Broad-Based Growth

Improving Hard and Soft Infrastructure

Conclusion

11. Myanmar: On a Bumpy Road of Transition

Introduction

History, Society, Culture

The Myanmar Economy: A Snapshot

The Financial and Business Sectors

Labor Market

Economic Policy

Strengths and Weaknesses of the Myanmar Economy

Strengths

Weaknesses

Myanmar’s Integration in the International Economy

Compliance with ASEAN Rules

Outlook

Part III: Some Context

12. China and the ASEAN Economies: Interdependence and Rivalry

Introduction

More Recent Developments

Plan of the Chapter

Trade Relations between China and Southeast Asia

Production Networks in East Asia

Trade Agreements and Policies

Southeast Asia and the Trade War between the United States and China

Demographic Trends

Trade and Made in China

Education and R&D Trends

Capital Flows between China and Southeast Asia

Historical and Recent Trends and Data

The Belt and Road Initiative

The Asian Infrastructure Investment Bank

Other Dimensions of the Relationship

Monetary Relations

Environmental Issues

Territorial Disputes

Power Relations in the Region

Concluding Remarks

13. ASEAN’s Economic Community: ASEAN Way or Beijing’s Way?

ASEAN’s Vision for Economic Integration

Norms, Processes and the ASEAN Way

Unravelling the Financial Crisis and its Economic Implications

All Roads lead to China or ASEAN and Unequal Treaties

Conclusion: Norms are What Strong States Make of Them

14. Conclusion: The ASEAN Economic Community

Member Nations of the AEC

Integration of the ASEAN Economic Community

O autorze

Roderick Macdonald is Professor of Management and Technology at the École des sciences de la gestion, Université du Québec à Montréal, Canada. He has published books and articles on business strategy in new industries, fundamental economic notions used in business and moral analysis in management. His previous books with Palgrave Macmillan are Genesis of the Financial Crisis and Eurocritical: A Crisis of the Euro Currency.

Blurb

This book is an introduction to the ASEAN Economic Community (AEC), the economic community founded by Southeast Asian nations. It provides both economic profiles of the member nations and an explanation of the Community itself. This book also discusses the impact of China on the AEC. The book is a starting point for research into the region or into any member country, whether for academic or for business purposes. With over 170 tables and figures as well as an abundance of historical facts, the book offers data-based insights.