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ASEAN: Regional Economic Cooperation And Its Institutionalization

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Abstract

This paper discusses the need to beyond the old `ASEAN way' and suggests the importance of further institutional deepening of economic cooperation in ASEAN, especially in the aftermath of the recent financial crisis. Hence, it suggests the need to develop of a `Common Market minus', in which ASEAN brings in areas or sectors that are excluded from liberalization under the umbrella of the integration project and let them be managed through a common policy approach by newly created "regional units." Yet, such a development need to be carefully crafted, based on clear principles.

Suggested Citation

  • Hadi Soesastro, 2003. "ASEAN: Regional Economic Cooperation And Its Institutionalization," CSIS Economics Working Paper Series WPE071, Centre for Strategic and International Studies, Jakarta, Indonesia.
    • Handle: RePEc:sis:wpecon:wpe071
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    File URL: http://www.csis.or.id/working_paper_file/29/wpe071.pdf
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    Keywords

    ASEAN; regional economic cooperation; institution building; ASEAN Vision 2020;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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