Southeast Asia and the ASEAN Economic Community

1. Southeast Asia and the AEC, an Introduction<div> Geography of the Region</div><div> History of the Region</div><div> Early Identity and Influences</div><div> The Europeans and Japan</div><div> ASEAN: From Individual Countries to a Region</div><div> The Economies of ASEAN and AEC in the Structure of This Book</div><div>Part I: Six Large Economies</div><div>2. The Philippines</div><div> Introduction</div><div> History in Brief</div><div> National Characteristics</div><div> From the ‘Sick Man of Asia’ to its ‘Rising Tiger’</div><div> Overview: The Philippine Economy</div><div> Drivers of Growth</div><div> Economic Freedom</div><div> The Philippines in the AEC</div><div> Origins of ASEAN</div><div> Extent of the Market</div><div> ASEAN as a Competitive Production Hub</div><div> Cost of Doing Business as a Key Determinant of Participating in AEC as a Production Hub</div><div> How Do the Philippines Compete in Terms of the Costs of Doing Business?</div><div> Human Resources: The Ultimate Resource</div><div> The Philippines as a Dynamic Part of the ASEAN Production Hub: Way Forward</div><div> Challenges in the AEC for the Philippines</div><div> Prospects</div><div> Labour and Services Exports</div><div> Resurgence in Manufacturing</div><div> Construction Boom</div><div> Tourism</div><div> Challenges</div><div> Final Remarks</div><div>3. The Vietnamese Economy at the Crossroads</div><div><div> Introduction</div><div> Vietnam Today</div><div> Historical Background</div><div> Economic Overview</div><div> Political Regime and Culture</div><div> The Government of Vietnam</div><div> The Economic Culture of Vietnam: Confucian and Communist Legacies</div><div> Global Integration and Transformation of Economic Behaviour</div><div> Trade Liberalization and Consumer Behaviour</div><div> The Rise of the Internet and Its Economic Implications</div><div> The Economic Leaders of Transitional Vietnam</div><div> The Vietnamese Superclass</div><div> Aspirations for Prosperity: The Start-Up Fever</div><div> Vietnamese Foreign Trade</div><div> Trade Overview</div><div> Within the ASEAN Region&nbsp;</div><div> China Trade and FDI</div><div> Trade with Other Partners</div><div> Whither the Vietnamese Market Economy?&nbsp;</div><div> Macroeconomic Stability under Political Influence</div><div> Sustainability Assessment</div><div> Conclusion</div><div>4. Thailand</div><div> Introduction</div><div> Economic Policy and Historical Background</div><div> Natural Resources, Strengths and Comparative Advantages</div><div> Unskilled Labour and Migrant Workers</div><div> Competitiveness and Ease of Doing Business</div><div> Economic Needs and Weaknesses</div><div> Resource scarcities (aging society, and severe degradation of natural resources</div><div> Inability to escape the middle-income trap</div><div> Serious income distribution problems</div><div> Economic Freedom</div><div> Compliance with AEC Institutions</div><div> Conclusion on Thailand and the AEC</div><div>5. Malaysia: Trade, Foreign Direct Investment and Regional Integration</div><div> Introduction</div><div> Historical and Developmental Snapshots</div><div> Changing Trade Posture and Investment Dynamics</div><div> Shifting Focus of Industrial Policy</div><div> Growing Regional Connections</div><div> Global Track Record</div><div> Concluding Remarks</div><div>6. Singapore: Working Towards Prosperity</div><div> Overview of The Economy</div><div> The Founding Myth</div><div> A History of Growth</div><div> The Twentieth Century: From Policy to Results</div><div> Human Capital (Resource) Development</div><div> The Twenty-First Century: New Horizons</div><div> A New Growth Market</div><div> An Attempt to Develop Regional Trade</div><div> The Region and Changing Investment Patterns In The 21st Century</div> Conclusion</div><div>7. Indonesia: Choosing between the Privileged and Prosperity</div><div> Economic Overview</div><div> Organization of the Economy Of Indonesia</div><div> The Governments of Indonesia since Independence</div><div> The Impact of Islam On Indonesian Politics</div><div> Conclusion</div><div>Part II: Four Smaller Economies</div><div>8. Brunei Darussalam, a Country Profile</div><div> Introduction</div> Socio-Political Overview of Brunei<div> Economic Overview of Brunei</div><div> National Development Policies of Brunei</div><div> Benefits of Regional Integration</div><div> Harmonization of Policies, Standards and Regulations</div><div> Reformation of Domestic Policies to Improve the Business Environment</div><div> Increased Inflows of FDI</div><div> Way Forward for Brunei</div><div>9. Cambodia: Growth with a Red Flag</div><div> Introduction</div><div> The Economy in the Twentieth Century</div><div> Economic Performance</div><div> Talent, Human Capital, and Wages</div><div> Sources of Future Growth</div><div> Economic Priorities and International Funding</div><div> Hard and Soft Infrastructure for Business</div><div> Conclusions</div><div>10. Laos in Need of Bolder Reforms for AEC Integration</div><div> Introduction</div><div> Recent Developments in Economic Integration</div><div> From ASEAN to the ASEAN Economic Community</div><div> Regional Connectivity to Overcome Landlocked Status</div><div> Accession to The World Trade Organization</div><div> Economic Performance</div><div> Growth and Structural Change</div><div> The Growing Importance of Resource-Based Exports</div><div> Concentration of Trade with Very Few Trading Partners</div><div> Laos Participating In Labour-Intensive Production Sharing</div><div> Some Challenges and the Way Forward</div><div> Transforming Resource Wealth for Sustainable Development</div><div> Supporting the Non-Resource Sector for Broad-Based Growth</div> Improving Hard and Soft Infrastructure<div> Conclusion</div><div>11. Myanmar: On a Bumpy Road of Transition</div><div> Introduction</div><div> History, Society, Culture</div><div> The Myanmar Economy: A Snapshot</div><div> The Financial and Business Sectors</div><div> Labor Market</div><div> Economic Policy</div> Strengths and Weaknesses of the Myanmar Economy<div> Strengths</div><div> Weaknesses</div><div> Myanmar’s Integration in the International Economy</div><div> Compliance with ASEAN Rules</div><div> Outlook</div><div>Part III: Some Context</div><div>12. China and the ASEAN Economies: Interdependence and Rivalry</div><div> Introduction</div><div> More Recent Developments</div><div> Plan of the Chapter</div><div> Trade Relations between China and Southeast Asia</div><div> Production Networks in East Asia</div><div> Trade Agreements and Policies</div><div> Southeast Asia and the Trade War between the United States and China</div><div> Demographic Trends</div><div> Trade and Made in China</div><div> Education and R&D Trends</div><div> Capital Flows between China and Southeast Asia</div><div> Historical and Recent Trends and Data</div><div> The Belt and Road Initiative</div><div> The Asian Infrastructure Investment Bank</div><div> Other Dimensions of the Relationship</div><div> Monetary Relations</div><div> Environmental Issues</div><div> Territorial Disputes</div><div> Power Relations in the Region</div><div> Concluding Remarks</div><div>13. ASEAN’s Economic Community: ASEAN Way or Beijing’s Way?</div><div> ASEAN’s Vision for Economic Integration</div><div> Norms, Processes and the ASEAN Way</div><div> Unravelling the Financial Crisis and its Economic Implications</div><div> All Roads lead to China or ASEAN and Unequal Treaties</div><div> Conclusion: Norms are What Strong States Make of Them</div><div>14. Conclusion: The ASEAN Economic Community</div><div> Member Nations of the AEC</div><div> Integration of the ASEAN Economic Community</div>