By design, the ASEAN Economic Community (AEC) has approached integration with an eye on creating headroom for its hyper diverse and rapidly expanding economies to grow. That has meant embracing pragmatism and flexibility—power is decentralized and there is no one-size-fits-all policy. It’s worked thus far: analysts project the union could become one of the world’s four largest economies by 2050.
In the conclusion of The ASEAN Miracle: A Catalyst for Peace (NUS Press, 2017), authors Kishore Mahbubani & Jeffery Sng state: "If such an imperfect corner of the world can deliver both peace and prosperity to its 625 million citizens, the rest of the world can surely replicate ASEAN's imperfect record."
Imagine a region where “bombs fell like rain”. A region engulfed in bitter and bloody wars resulting in up to 7.35 million casualties, only to become one of the most stable and economically prosperous areas in the world. That region is Southeast Asia.
50 years after its birth, ASEAN continues to overcome roadblocks and push its vision for strong intra-regional connectivity. This infographic will showcase ASEAN’s connectivity successes through its aims and achievements in the three aspects – physical connectivity, institutional connectivity and people-to-people connectivity.
As the ASEAN Economic Community (AEC) enters its second year, we examine how much progress has been made on economic integration, especially among the bloc’s emerging economies, as well as how ASEAN nations can close the income gap between themselves.
In undermining the grouping’s unity on the South China Sea, China is shooting itself in the foot.
China is making some serious strategic mistakes in its dealings with Asean. It …