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ASEAN Commercial Policy: A Rare Case of Outward-Looking Regional Integration

Publication | November 2014
ASEAN Commercial Policy: A Rare Case of Outward-Looking Regional Integration

For a region characterized by great diversity and a history of conflict, ASEAN has played a role in delivering relative peace and stability in the region, which in turn facilitated rapid economic development.

The Association of Southeast Asian Nations (ASEAN) has significant achievements to its credit, although it has not progressed very far in terms of becoming a formal economic entity. But its own brand of market-driven, institution-light and outward-looking regionalism has served it well. Looking forward, hopefully this approach will be preserved with the move to an ASEAN Economic Community.

Contents 

  • Abstract
  • Introduction
  • ASEAN’s Evolution
  • The Early Agenda: Merchandise Trade
  • The 21st Century Agenda: Services, FDI and Regional Economic Architecture
  • Does East Asia have a Workable Financial Safety Net?
  • Summing Up
  • References