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In this paper, we address the question of market integration of Myanmar with the Association of Southeast Asian Nations (ASEAN) and its other top trading partners. Focusing on agricultural trade, we use indicators – ‘Trade Potential’ and ‘Competition Indices’ to assess the nature and extent of the integration. This study highlights the exports of Myanmar which are competitive in the ASEAN markets and have high export potential. A higher trade potential with lower competition (value or volume) would indicate an opportunity for higher returns for agricultural producers. In the case of Myanmar, “dried legumes and beans,” “crustaceans,” “frozen fish,” “other oilseeds,” “maize,” and “preserved fruits and nuts” are identified as high-potential exports with lower competition in ASEAN markets which can be targeted for trade expansion. Finally, to demonstrate the upward movement in the value chain, possibly due to quality upgradation, we present the dynamics of the unit value of Myanmar’s agricultural exports.
One of the primary objectives of the ASEAN Economic Community (AEC), established in 2015, was to boost skilled labor mobility within the region. This insightful book takes stock of the existing trends and patterns of skilled labor migration in the ASEAN. It endeavors to identify the likely winners and losers from the free movement of natural persons within the region through counterfactual policy simulations. Finally, it discusses existing issues and obstacles through case studies, as well as other sectoral examples.
Given the rapid emergence of regional economic arrangements in Asia, especially in Southeast Asia, it is useful to understand clearly what regionalism implies for the region, as well as to take stock as to the far-reaching and complicated effects of formal economic cooperation and integration. This book allows the reader to better understand the relevant international policies of the Southeast Asian economies, and to appreciate the potential lessons for other developing regions. It also focuses on the regionalism trend with an explicit application to ASEAN, as well as the implications of regionalism in the developed countries.The goal of this book is to survey the economics and political economy of regionalism in the ASEAN context from a variety of perspectives and using various techniques, from standard economic analysis of preferential trading arrangements to the political economy analysis of institutions. Its approach is comprehensive in that it includes ASEAN economic integration in the areas of trade, foreign direct investment, and finance. Presentation of the material is designed to be accessible to non-technical audiences without sacrificing the rigor expected by economists and other experts.
We assess food trade among and across two Asian trading blocs, the Association of Southeast Asian Nations (ASEAN) and the South Asian Association for Regional Cooperation (SAARC), and China. Using most recent innovations in the empirical trade model, we find subpar trade for several countries but some over-trading as well, likely driven by weak economic fundamentals determining trade. Further, we find that Bangladesh, Philippines, Sri Lanka, and Viet Nam under-export to China, and to nearly all ASEAN and SAARC countries, with the magnitude varying between 40 and 100 percent below the predicted trade levels. While checking for competing explanations, we identify trading pair time variant factors such as tariffs reducing the magnitude of under-exporting of ASEAN and SAARC countries by 1 and 3 percent, respectively. We also highlight unobserved variables such as trust between countries as factors important for strong agricultural trade.
On 28 July 2008, the ASEAN Studies Centre and the Regional Economic Studies Programme, both of the Institute of Southeast Asian Studies, and the Konrad Adenauer Stiftung organized a roundtable on The ASEAN Economic Community Blueprint. The brainstorming session gathered Southeast Asian experts from the region to discuss the AEC Blueprint, which ASEANs leaders had adopted at their summit meeting in November 2007, and the prospects of any obstacles to its implementation by the target year, 2015. The roundtable started with a progress report on the AEC Blueprint given by S. Pushpanathan, Principal Director of Economic Integration and Finance, ASEAN Secretariat, Jakarta. Thereafter, the sessions examined the various aspects of the Blueprint tackling the non-tariff barriers, designing a comprehensive ASEAN Investment Agreement, a regional framework for competition policy, the role of infrastructure development in economic integration, the importance of international production networks in economic integration, etc.
This book examines successful firms operating within the ASEAN Economic Community, their reasons for success, and their role in regional integration.
Myanmar's recent domestic reforms and improved relations with the United States, European Union, Japan, and the Association of Southeast Asian Nations (ASEAN) have opened the door for Myanmar to be an important regional player. The key--Myanmar's foreign policy development and growing regional role--will not only have an impact on the country's own economic development but also have significant implications for the strength and coherence of ASEAN. As Naypyidaw prepares to serve as the 2014 chair of ASEAN, the time is ripe to find ways to support Myanmar's re-emergence and to deepen understanding of the dynamic that will shape the country's new foreign policy.
“This book provides new insights into the important and developing agricultural value chains, including on current constraints and the enormity of opportunities, emanating in the dynamic GMS, especially through to their main giant market of China. Analysis in the GMS countries forms comparable case studies of major crops using mappings of their key processes and actors, as well as both qualitative and quantitative data, including primary data collection such as from new surveys. The analysis uses understandable methodologies, such as graphical cross-country comparisons, and established ratios, such as on comparative advantage, to provide useful insights into GMS agricultural value chains. A particular focus in the case studies is better understanding of the role Non-Tariff Measures (NTMs) might play in constraining agricultural exports to China and approaches to addressing these that are more inclusive and economically rewarding. I recommend this valuable book to those interested in agricultural trade in GMS countries and China, as well as the characteristics of their agricultural value chains, and their contribution to these countries’ development.” -- Dr Ray Trewin, Former Fellow, ANU and editor of Crucial Agricultural Policy (World Scientific, 2016). “The Greater Mekong Subregion encompasses several open, dynamic, latecomer economies. Over the past thirty years, they have benefited immensely from the restoration of peace, their re-engagement with the regional and global economies, and the rise of China. The region as a whole is a net food exporter with a strong comparative advantage in agriculture. How they manage their international commercial relations, with China in particular, will significantly influence their future socio-economic dynamics. The authors and contributors, all leading researchers in the field, are to be congratulated for this timely and authoritative volume that comprehensively examines the issues and charts a productive way forward. A must-read for anybody interested in these important issues and countries.” -- Professor Hal Hill, H.W. Arndt Professor Emeritus of the Southeast Asian Economies, ANU
The Association of Southeast Asian Nations (ASEAN) is strategically significant because of its size, dynamism, and role in the Asian economic and security architectures. This paper examines how ASEAN seeks to strengthen these assets through "centrality" in intraregional and external policy decisions. It recommends a two-speed approach toward centrality in order to maximize regional incomes and benefit all member economies: first, selective engagement by ASEAN members in productive external partnerships and, second, vigorous policies to share gains across the region. This strategy has solid underpinnings in the Kemp-Wan theorem on trade agreements. It would warrant, for example, a Trans-Pacific Partnership (TPP) agreement with incomplete ASEAN membership, complemented with policies to extend gains across the region. The United States could support this framework by pursuing deep relations with some ASEAN members, while broadly assisting the region's development.
Myanmar, which is emerging from decades of isolation, is poised to accelerate its economic growth on the back of its abundant labor force, rich natural resources, and geographical location. But the country faces many development challenges to achieve strong and inclusive growth. To take advantage of its rich potential and endowments, Myanmar can also use its strategic location between the People's Republic of China and India, and act as a conduit between South and Southeast Asia. To sustain its growth momentum in the long run, Myanmar should aim for a growth trajectory that is inclusive, equitable, and environmentally sustainable. This special report assesses the country's strengths and weaknesses and highlights the challenges and risks. The key lies in prioritizing the actions to surmount the challenges and introducing the requisite reforms.