Table of Contents

Economic Regionalization in the Asia-pacific

Economic Regionalization in the Asia-pacific

Challenges to Economic Cooperation

M. Dutta

This original and comprehensive book provides a unique insight into the development of economic regionalization, with special reference to the Asia-Pacific. It presents international globalization strategies from a historical perspective and then analyses the effects on the development of Asia-Pacific Economic Cooperation (APEC). Focusing on APEC itself, the author provides a detailed investigation into its organization and agenda, and thorough personal interviews with some of the most influential people who have worked for APEC.

Chapter 27: The Association of Southeast Asian Nations (ASEAN)

M. Dutta

Subjects: asian studies, asian economics, economics and finance, asian economics, international economics


Page 234  27  The Association of Southeast Asian Nations (ASEAN)  ASEAN is a most successful expression of bringing together several (five in 1967, seven in 1995), sovereign nation­states in Southeast Asia to a shared commitment to  a jointly defined intraregional agenda. Specific contributing factors to the ASEAN success story merit careful evaluation.  First, ASEAN, since its founding in 1967 with Indonesia, Malaysia, the Philippines, Singapore and Thailand, has experienced a history of evolution in intra­regional  cooperation for a long period. A commitment to a common regional security and defense arrangement over the past many years helped in the effective promotion of a  broader political framework of mutual appreciation of each other’s concern. The phased progression of ASEAN regionalization by a series of Declarations helped to  develop a mutual understanding among the leaders of the five sovereign member­states and cemented the intraregional bond.  The process was never threatened by the dictum of the majority rule, and sovereignty of each member­state was respected. Member­countries carefully noted the  limitations of any form of super­power game and related to each other accordingly. The so­called “ASEAN way” or “ASEAN consensus” became the mode of  operation and sustained the ASEAN togetherness. A commitment to flexibility for both intraregional and interregional accommodation has been at the core of ASEAN  success. As Brunei and Vietnam became members of ASEAN in 1985 and 1995, respectively, the new sovereign member­countries fully appreciated and accepted  the institution and its way of operation. Thus,...

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