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    Regional Economic Integration in ASEAN: How far will it go?

    Access Status
    Fulltext not available
    Authors
    Kabir, Shahriar
    Salim, Ruhul
    Date
    2014
    Type
    Journal Article
    
    Metadata
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    Citation
    Kabir, S. and Salim, R. 2014. Regional Economic Integration in ASEAN: How far will it go? Journal of Southeast Asian Economies (JSEAE). 31 (2): pp. 313-335.
    Source Title
    Journal of Southeast Asian Economies (JSEAE)
    Additional URLs
    http://muse.jhu.edu/journals/ase/summary/v031/31.2.kabir.html
    ISSN
    2339-5095
    URI
    http://hdl.handle.net/20.500.11937/28110
    Collection
    • Curtin Research Publications
    Abstract

    The Association of South East Asian Nations (ASEAN) is among several regional blocs that have received praise from economists for making significant progress towards developing intra- and extra-regional economic relationships. However, opinions differ over the extent of ASEAN’s potential for integration. This paper reviews the performance of and prospects for the group’s intra- and extra-regional integration. It also reviews the performance of individual members in order to assess whether ASEAN integration could potentially lead to a monetary union in the future. We provide an overview of trade performance and a comparison of three macroeconomic variables: inflation; interest; and exchange rates. We observe that ASEAN members are in a favourable position to form a strong economic zone in the near future, but adopting a common monetary policy is less plausible.

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