Regional Economic Integration in ASEAN How Far Will It Go?

被引:1
|
作者
Kabir, Shahriar [1 ]
Salim, Ruhul A. [2 ]
机构
[1] Monash Univ Malaysia, Sch Business, Dept Econ, Jalan Lagoon Selatan, Bandar Sunway 46150, Selangor Darul, Malaysia
[2] Curtin Univ, Curtin Business Sch, Sch Econ & Finance, Perth, WA, Australia
关键词
ASEAN; economic integration; Maastricht Criteria; trade; economic convergence;
D O I
10.1355/ae31-2j
中图分类号
F [经济];
学科分类号
02 ;
摘要
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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页码:313 / 335
页数:23
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