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The integraton by trade and FDI of emerging economies: The ASEAN example

Magasházi, Anikó (2015) The integraton by trade and FDI of emerging economies: The ASEAN example. Society and Economy, 37 (2). pp. 207-223. DOI 10.1556/204.2015.37.2.4

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Official URL: http://www.akademiai.com/doi/abs/10.1556/204.2015.37.2.4


Abstract

The paper investigates the role of regionalization and regional identity in the endeavours of emerging economies to connect successfully to the global world economy. It addresses the question of whether the Association of Southeast Asian Nations (ASEAN), with its loose institutional integration framework, has contributed to the global integration of its very heterogenous members in the first decade of the 21st century – and, if so, what are the drivers behind this. The paper summarizes connecting theories, using a multidisciplinary approach, and uses descriptive statistical analysis to identify the achievements of the ASEAN-6 countries within global trade and foreign direct invesment (FDI) flows in the given time period. We suggest that ASEAN countries, with their efforts to initiate interconnecting regional organizations in Asia, most specifically the ASEAN+3 (APT) construction, did contribute to greater integratedness of member countries; and they have created a regional image with a common market and production base. Such achievements, however, can be in great part attributed to the micro-level activities of international and regional firms wishing to establish cross-border production networks in these countries.

Item Type:Article
Uncontrolled Keywords:ASEAN, regional integration, FDI, production networks
JEL classification:F13 - Trade Policy; International Trade Organizations
F15 - Economic Integration
Subjects:Economic development
International economics
Projects:TÁMOP-4.2.4.A/2-11/1-2012-0001
DOI:10.1556/204.2015.37.2.4
ID Code:1963
Deposited By: Ádám Hoffmann
Deposited On:10 Jun 2015 10:04
Last Modified:10 Jun 2015 10:04

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