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RAS Global AffairsСША & Канада: экономика – политика – культура USA & Canada: Economics – Politics – Culture

  • ISSN (Print) 26866730
  • ISSN (Online) 3034-6045

Specificity and problems of economic integration within ACEAH

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PII
S032150750009094-5-
DOI
10.31857/S032150750009094-5
Publication type
Article
Status
Published
Authors
Alexander Korolev
Elona O. Fomina
  • Occupation:  BA Student, National Research University Higher School of Economics
  • Affiliation: National Research University Higher School of Economics
  • Address: Russian Federation, Moscow
Volume/ Edition
Volume / Issue 4
Pages
67-73
Abstract

The paper analyses the specificity of economic integration in Southeast Asia at the example of ASEAN. It singles out the main stages for the development of integration «in depth», such as Preferential Trade area (PTA), Free Trade area (FTA), Economic Community of ASEAN and other regional initiatives which focus on increase competitiveness of Association. A significant role in the study is assigned to the effectiveness of integration processes. Despite the progress achieved, it is difficult to talk about the effective functioning of the ASEAN Economic Community. In particular, the paper focuses on problematic issues of cooperation: political  regimes,  interstate  conflicts,  territorial  disputes  and  attitude  towards  non-traditional  security  threats,  institutional constraints, including a decision-making model, a high level of socio-economic inequality in member countries. It is concluded that ASEAN is not a classic integration union following the example of the EU, EAEU or NAFTA. In addition to economic cooperation, the  Association  prioritizes  security  issues.  Considering  that  the  unresolved  number  of  problems  distracts  the  attention  of  the Association’s  leaders  and  a  significant  part  of  the  resources  to  resolve  security  issues,  the  dynamics  of  economic  integration  in Southeast  Asia  are  deliberately  limited  in  their  development.  Nevertheless,  thanks  to  economic  growth  in  ASEAN,  positive demographic changes, an increase in foreign direct investment inflows, there is reason to argue that over the next 5-10 years it will be a gradual deepening of economic cooperation within ASEAN.

Keywords
Southeast Asia, ASEAN, economic integration, regionalism, FTA
Date of publication
29.05.2020
Year of publication
2020
Number of purchasers
39
Views
7602

References

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