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Understanding the ASEAN economic community: pragmatism versus conceptualism

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  • Jacques Pelkmans

Abstract

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.

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  • Jacques Pelkmans, 2019. "Understanding the ASEAN economic community: pragmatism versus conceptualism," Asia Pacific Business Review, Taylor & Francis Journals, vol. 25(5), pages 619-636, October.
    • Handle: RePEc:taf:apbizr:v:25:y:2019:i:5:p:619-636
    DOI: 10.1080/13602381.2019.1652976
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