Asean Essay

  • ASEAN Analysis

    Obviously, the main currencies used in ASEAN are US dollar, Euro, UK pound, and the Japanese yen. This section shows the comparison of those currencies to RMB in recent years. As mentioned earlier, the most important currency for ASEAN is US dollar. There are several reasons behind this. First, ASEAN’s currencies were originally fixed to US dollar since the countries would like to import macroeconomic stability from US dollar. With the mismanaged U.S. monetary policy, ASEAN countries would like to delink this linkage. Second, exchange rate stability is important for intra-regional trading. Since most countries have stabilized their currency to US dollar, US dollar then automatically provide a high degree of exchange rate stability. According to Rövekamp, Frank, Hilpert, Hanns Günther (Eds.) (2014), the share of currencies invoiced in exports of Asian and Pacific countries (not include…

    Words: 734 - Pages: 3
  • The Importance Of The ASEAN Way

    ASEAN Way – The Way Forward The “ASEAN Way”, the guiding principle of the ASEAN region, is a unique mechanism that sees ASEAN Member States (ASEAN Member States) operates on the basis of “informality, “non-interference” in domestic matters of other countries, and consensus-building among members (Koga, 2010). The principle is the original core foundation of the relationship between ASEAN Member States, and was first lined out in the Bangkok Declaration, issued in 1976, developed as a conflict…

    Words: 1129 - Pages: 5
  • Asean Case Study

    ASEAN: economic integration and intra-regional trade - Subhash C. Sharma and Soo Y. Chua At the summit meeting of the Association of Southeast Asian Nations (ASEAN) in January 1992, leaders from the six countries of ASEAN agreed to form the ASEAN Free Trade Area (AFTA). ASEAN consists of Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand. At the summit in September 1994, the plan was accelerated and ASEAN countries will be an FTA by the year 2003. On the other hand, equally…

    Words: 818 - Pages: 4
  • The Potentials Of Islamic Values And Cultural Practices In ASEAN

    The ASCC reflects ASEAN 's social agenda of poverty eradication and human development, which also addresses the cultural and civilizational cohesions in ASEAN (ASEAN, 2014). Success of such integration depends on the level of cooperation among the diverse cultural groups in ASEAN. The inspiration of specific religio-cultural norms and practices often dictates the inter-cultural cooperation. Islam as the most widely practiced religion in ASEAN inspires the success of ASCC. This paper provides an…

    Words: 1050 - Pages: 5
  • The Role Of Intra-Nation Politics And The ASEAN Economic Community

    Intra-nation Politics and the ASEAN Economic Community ASEAN has accomplished a lot of its economic targets in the four pillars of the ASEAN Economic Community. However, it did not meet its ultimate goal of complete economic integration by 2015. It was a milestone to integrate on various levels the economies of countries with different political systems and economic standing, but a lot more need to done for complete integration; hence, a revised outlook in the form of the AEC Blueprint 2025.…

    Words: 1278 - Pages: 6
  • The Impact Evaluation Of The Thai-ASEAN Student Exchange Programme

    1. INTRODUCTION The Office of the Higher Education Commission (OHEC) had implemented the “Thai-ASEAN Student Exchange Programme” from 2012-2014 to prepare Thai student to be ready for the establishment of ASEAN Community 2015. Evaluation Purpose The impact evaluation will be conducted to examine whether the Thai-ASEAN Student Exchange Programme’s outcomes have been achieved and to analyse the impacts of the programme on the students who were selected to participate in the programme as well as…

    Words: 877 - Pages: 4
  • Mutual Recognition Arrangement (MRA) Agreement On Engineering And Organizational Approach

    III. RESEARCH METHODOLOGY & EMPIRICAL APPROACH III.1 INTRODUCTION The Chapter 3 investigates the research methodology and empirical approach that going to be used in this dissertation. As stated in the Introduction Chapter, the overall research project aims/objectives are to identify any constraints, flaws, and problems of implementation the ASEAN Mutual Recognition Arrangement (MRA) Agreement on Engineering and Architectural Service scheme in the street level in Indonesia. Moreover, it will…

    Words: 1554 - Pages: 7
  • Difference Between Country Size And Openness

    things equal, the effect of size is larger for countries with higher barriers to trade (and, hence, lower openness), while the effect of higher barriers and lower openness is bigger for smaller countries.” In essence, market size affects growth and income levels, and depends on both the degree of openness of the economy and country size. This theory examines how endogenous country size is determined by trade liberalization and how trade and country size influences economic growth as well as the…

    Words: 1048 - Pages: 5
  • RMB Regionalization Analysis

    there will lead to greater link between China and ASEAN countries. When they build a closer trade and political link, RMB regionalization is just a matter of time. Second, economic openness is getting higher. The economic openness is one of the OACA’s determinants. According to International Chamber of Commerce,…

    Words: 734 - Pages: 3
  • Anarchy And International Peace

    As tensions rose in the south china sea, a diplomatic solution through the ASEAN took place making the states cooperate financially and enforcing the states to resolve their issues peacefully. Even after conflict built again between the states, the ASEAN has been there to prevent the states from letting their personal goals impact international cooperation. Anarchy is a structure that states follow unconsciously, however it doesn’t suggest that states are all similar. In the mid-90s, china was…

    Words: 807 - Pages: 4
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