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A Study on Achievements and Challenges of an ASEAN Economic Community by 2015

  • 김수정 (Su Jung Kim, 국제대학원 국제학과 국제통상전공)

초록/요약

The Association of Southeast Asian Nations (ASEAN) has become a more distinctive and collective entity in the global economy. Its economic integration has improved from an ASEAN Free Trade area (AFTA) to the aim of realizing the ASEAN Economic Community (AEC) by 2015. Therefore, ASEAN has made noteworthy achievements towards an economic community among the ASEAN member states. However, the AEC has been well behind of its targets and schedules and thereby it will not be achieved by its deadline. While an ultimate objective of the AEC is to meet a common market, ASEAN economic integration has still remained at an FTA level, called for the FTA-Plus since ASEAN has faced with challenges ahead of realizing the AEC. Considering that achieving a common market could increase the ASEAN’s competitiveness in the global market would increase ASEAN GDP as a whole. The expected benefit could reduce the development gaps within the region which is the key challenges of deeper economic integration. This paper explores the progress of ASEAN economic integration to identify the challenges ahead of the AEC and to draw feasible ways for making the AEC into a reality beyond 2015.

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목차

I. Introduction 1
II. Literature review 3
2.1. Needs for ASEAN economic integration 3
2.2. Possibility for achieving an ASEAN Economic Community 5
2.3. Theoretical perspectives 8
III. Progress of ASEAN economic intregration 11
3.1. Formation of an ASEAN Free Trade Area 11
3.2. Effects of the AFTA 14
3.3. Rational and process towards the AEC 17
IV. Implementation of the AEC by 2015 21
4.1. Moving into a common market 21
4.2. Potential benefits of the AEC 25
4.3. Challenges ahead of the AEC 27
V. Steps for the AEC beyond 2015 33
5.1. Strengthening institutional frameworks 33
5.2. Narrowing development gaps 36
5.3. Increasing private sector involvement 39
VI. Conclusion 44
Bibliography 46

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