The	ASEAN	Economic	Community	and	Beyond:	Myths	and	Realities
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The ASEAN Economic Community and Beyond: Myths and Realities

by Sanchita Basu Das

The year 2015 has special significance for regional economic integration. The ASEAN Community, integrating the political, economic and social aspects of regional cooperation, will complete its first milestone by December 2015. Expectations of tangible benefits under an ASEAN Economic Community have attracted much attention though many of the initiatives will be realized post-2015.

Following the policy of open regionalism, ASEAN has also signed free trade agreements with Australia, New Zealand, China, India, Japan and South Korea. It has launched negotiations for the Regional Comprehensive Economic Partnership (RCEP) agreement in 2013, with expected breakthrough by end-2015.

The Southeast Asian economies are also involved in two other regional initiatives. First is the Trans-Pacific Partnership (TPP), initiated by the United States. As part of the U.S. "pivot to Asia", the TPP is envisioned as a "comprehensive and high-quality" agreement and has concluded its negotiation in October 2015. Second, the discussions on regional connectivity have broadened; China has emerged as a recent lead proponent with its proposals for "One Belt, One Road" and the Asian Infrastructure Investment Bank.

All these together have implications not only for individual Southeast Asian countries but also for regional trading architecture. To aid in understanding the beginnings, development, and potential of these grand plans, this collection of 22 essays offers a rich analysis of ASEAN's own economic integration and other related initiatives proliferating in the broader Asia-Pacific region.

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Preliminary pages
1. Introduction: The ASEAN Economic Community and Beyond
PART I: THE ASEAN ECONOMIC COMMUNITY (AEC)
2. The ASEAN Economic Community: An Economic and Strategic Project
3. Can the ASEAN Economic Community Be Achieved by 2015?
4. Goods to Flow Slow and Steady within the ASEAN Economic Community
5. The Limited Impact of the ASEAN Economic Community on Skilled Labour Migration
6. Five Facts About the ASEAN Economic Community
7. Growing Economic Diplomacy in ASEAN: Opportunities and Threats
8. Towards ASEAN Economic Community 2025!
PART II: BEYOND THE ASEAN ECONOMIC COMMUNITY
9. The Regional Comprehensive Economic Partnership: Going Beyond ASEAN+1 FTAs
10. Comparing ASEAN+1 FTAs for an Effective RCEP
11. Challenges in Negotiating the Regional Comprehensive Economic Partnership Agreement
12. The Next Decade in ASEAN-U.S. Economic Relations
13. RCEP and TPP: Comparisons and Concerns
14. The Trans-Pacific Partnership (TPP): Economic and Strategic Implications for the Asia-Pacific
15. The Trans-Pacific Partnership as a Tool to Contain China: Myth or Reality?
16. RCEP and TPP: Can They Converge into an FTAAP?
17. Is APEC's Relevance Fading?
PART III: AN ASEAN PERSPECTIVE OF REGIONAL CONNECTIVITY
18. Promoting Asia's Infrastructure for Regional Trade and Investment
19. Addressing Infrastructure Financing in Asia
20. APEC and ASEAN Connectivity: Areas of Mutual Interest and Prospects of Cooperation
21. China's Three-pronged Strategy on Regional Connectivity
22. Can the China-led AIIB Support the ASEAN Connectivity Master Plan?
Appendix: Summary of the Trans-Pacific Partnership Agreement
Index
About the Author

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Product Details

  • Number of Pages : 290
  • Publisher : Institute of Southeast Asian Studies
  • Weight : 400g
  • Product Code : 9789814695176
  • Dimension : 152 x 229 mm

About Author

Sanchita Basu Das

Sanchita Basu Das is Fellow at the ISEAS–Yusof Ishak Institute, Singapore and Lead Researcher for Economic Affairs at the Institute’s ASEAN Studies Centre.