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ASEAN: Building an Economic Community
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The ten nations of ASEAN have committed to building an
Economic Community. They plan to bring down barriers to
goods, services, skilled labour and capital to create a single
market in a region currently with 550 million people and a
GDP of more than US$800 billion. This could help ASEAN
to establish itself as a higher growth area in Asia, meeting
the challenges and opportunities presented by the rise
of China and the emergence of India as one of the world’s
fastest growing economies.
Throughout the 1990s ASEAN formulated a number of
plans for deeper economic integration. ASEAN’s new vision
would accelerate the process. What success will ASEAN
have in implementing it? Will ASEAN’s implementation
move fast enough to meet its challenges? And will its
integration be deep enough to create a seamless market?
This report looks at the task ASEAN has set itself, how far
it has come and the challenges it faces in going forward.
It examines the changes the ten nations are making to the
way they work together to realise their bold new vision.
It fi nds that ASEAN’s goals may be achieved faster in some
sectors, among some members, and regarding some
elements of the plan, than others. It highlights the
implications for Australia of an evolving ASEAN..
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| Published |
06 Jul 2006 |
| Pages |
103 |
| ISBN |
1 920959 89 0 |
| Download Report (Free)
File Size: 3.45MB |
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