Understanding the ASEAN economic community: pragmatism versus conceptualism

The ASEAN Economic Community, born in 2003 and developed over the next 12 years, aims to build a 'single market' whilst 'enhancing the production base' in ASEAN for global and regional value-chains. The paper attempts to understand the AEC via a conceptual as well as a pragmatic...

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Bibliographic Details
Published inAsia Pacific business review Vol. 25; no. 5; pp. 619 - 636
Main Author Pelkmans, Jacques
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 20.10.2019
Taylor & Francis Ltd
Subjects
Association of South-East Asian Nations (ASEAN)
economic cooperation
Economic growth
economic regionalism
market integration
Pragmatism
Single market
Value chain
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Summary:The ASEAN Economic Community, born in 2003 and developed over the next 12 years, aims to build a 'single market' whilst 'enhancing the production base' in ASEAN for global and regional value-chains. The paper attempts to understand the AEC via a conceptual as well as a pragmatic approach. It summarizes achievements up to 2015 and assesses the 2025 Blueprint in some detail. At times the latter reads like a Roadmap full of details but measures often remain open-ended or somewhat vague, a typical ASEAN characteristic. What ultimately matters to ASEAN is economic growth and the AEC may well serve as a handmaiden to sustained high growth.
ISSN:1360-2381
1743-792X
DOI:10.1080/13602381.2019.1652976