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By Prof. Teofilo C. DAQUILA (Department of Southeast Asian Studies, National University of Singapore)
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GOVERNANCE, COMPETITIVENESS STRATEGIES, INTERDEPENDENCE & MARKET DIVERSIFICATION ISSUE AS FACTORS OF THE INTEGRATION PROCESS IN THE FIELDS OF INDUSTRY, FINANCE, TRADE AND INVESTMENTS
ABSTRACT
The global economy has seen an increasing number of regional groupings including the Association of Southeast Asian Nations (collectively known as ASEAN), which was formed in 1967 and expanded to include all ten Southeast Asian countries. By the end of 2015, ASEAN will become a single market, called the ASEAN Economic Community (AEC). This will result in a freer flow of goods, services, and labor within the region. In the context of causal research, this paper intends to examine the various factors that determine the integration process using ASEAN as a case study particularly in the fields of industry, finance, trade and investments. Using historical research that combines existing statistics and evidences, this article focuses on governance, competitiveness strategies, and interdependence and market diversification as significant factors that have influenced the integration process.
Keywords: ASEAN, integration, governance, competitiveness, interdependence, market diversification
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