National interests – Major issues needs to be managedCase studes - Singapore
Ravenhill Pg. 474 last Stanza, 5 line to the end: Asean countries faced the anomaly of having committed themselves to give more favorable treatment to extra regional partners than they were obliged to provide to their partners in ASEAN: entirely against the ASEAN first principle. The fragility and shallowness of ASEAN’s economic integration was further jeopardized by the proliferation of bilateral FTAs.
Ravenhill Pg. 479: With regards to 2B, A particuarly significant gap in AFTA was the absence of effective DSM’s. It is this lack of specificity in ASEAN agreemetns coupled with the failure of member state to see their provision as binding obligatins which are the principle problems .
ASEAN Economic Community (AEC) - ( Political Economy of Asia-Europe Relations, 2009)
AsEAN Economic Community…TENTATIVE WAY FORWARD!<br />Presented by: <br />Amirul Haji Mohamad (IMSME)<br />MaarhafizahMaaroff (IMAS)<br />MohdZikryKholil (IMRI)<br />
OUTLINE<br />Introduction<br />1. Significance and Importance<br />2. Thesis Statement<br />Body<br />1. Moving up the Value Chain<br />2. Managing Major Issues<br />Conclusion<br />
Significance and Importance<br />Pincer Threat from China (present) and India (future)<br />
Significance and Importance<br />ASEAN having being established earlier than Mercosur and NAFTA, is now falling behind in terms of economic integration. <br />Closer to home, the threat posed by China (present) and India (future) in replicating Japanese Regional Production Network <br />
Thesis Statement<br />ASEAN needs to upgrade to a competitive global production base due to rapid globalization. Hence, ASEAN needs to hasten the formation of the AEC by managing major issues.<br />
Developmental State<br />Term used by international political economy scholars to refer to the phenomenon of state led macroeconomic planning<br />Characterized as by having a strong state intervention as well as extensive regulation and planning. <br />The term was first coined for Japan and the “Japanese Miracle”.<br />It has also been referred to Malaysia, Thailand, Taiwan and Singapore.<br />
Japan FDI in ASEAN<br />Source*: Alfredo C. Robles, Jr. Article in ASEAN Journal of Political Science. December 2004<br />Source**: Alfredo C. Robles, Jr. Book Titled Interregional Cooperation, Regional Integration and European Union Foreign Direct Investment in ASEAN , 2001<br />
Japanese Regional Production Networks<br />VERTICAL INTEGRATION – Produce lower end components of finished goods; used to produce in Japan for Exports (E.g. TEC)<br />HORIZONTAL INTEGRATION – Intermediate goods and components are produced by affiliates of a firm in different countries and then exchanged among affiliates (E.g. Toyota - Japanese Car Industry)<br />ASEAN Regional Specialization<br />Being Replicated in China<br />
Regional to Global Aspirations<br />Competitive Global Production Base<br />(Bali Concord II - 2003)<br />Japanese Regional Production Networks <br />(Plaza Accord 1985)<br />
Two Major Issues<br />Present status of ASEAN transformation towards AEC<br />Whether the self imposed deadline of the AEC is achievable<br />Present Scenario<br />
Two Major Issues<br />1. ASEAN interest VS National Interests e.g. SINGAPORE! (ASEAN against bilateral Trade Agreement)<br />ASEAN as opposed to Bilateral Trade Approach <br />
Comparison of MFN and AFTA’s Preferential Tariff Rates Amongst ASEAN MS<br />ASEAN as opposed to Bilateral Trade Approach <br />Source: Complied from data in Dennis and Yusof (2003: 4-5)<br />
Two Major Issues<br />ASEAN as opposed to Bilateral Trade Approach <br />ASEAN<br />USA<br />Indonesia<br />Malaysia<br />Philippines<br />Singapore<br />
Two Major Issues<br />2. Weak institutional foundation for ASEAN integration<br />Give more authority to the ASEAN Secretariat<br />and/or<br />Dispute Settlement Mechanism (DSM’s) <br />ASEAN is a weak institution<br />
Conclusion<br />In view of the potential threat posed by China (present) and India (future), ASEAN needs to hasten the transformation to AEC.<br />This transformation can be expedited if the major issues can be managed. <br />
FAQ: Timeline<br />Formed in Bangkok in Aug. 1967<br /> First ASEAN Summit convenes in Bali in Feb. 1976<br />First ASEAN-European Economic Community meeting held in Brussels in Sept. 1978<br />ASEAN establishes the ASEAN Regional Forum (ARF) in 1994<br />Vietnam joins ASEAN in July 1995; Laos and Myanmar join ASEAN<br />July 1997<br />December 1997 - First meeting of ASEAN Plus Three and First ASEAN-China Summit<br />Cambodia Joins in April 1999<br />First meeting of the ASEAN Plus Six Dec. 2005<br />ASEAN signs charter Nov. 20th, 2007<br />Towards ASEAN 2020<br />
A particular slide catching your eye?
Clipping is a handy way to collect important slides you want to go back to later.