Order Description

Regional Integration Affect on (ASEAN)
Association of Southeast Asian Nations

Introduction about Regional Integration
Forms of Regional Integration
Free trade area (NAFTA, AELS, CEFTA, MERCOSUR, ASEAN)
Economic cooperation
Custom union
Economic and Monetary Union
Total economic integration.
• Research Design: Question: How regional integration effect the organization members’ GDP growth?
• Hypothesis: Regional Integration Agreements ex (ASEAN) connect members physically, institutionally and among the people.
• ASEAN Regional Integration Group: Association of Southeast Asian Nations (VNM, THA, SGP, PHL, MMR, MYS, BRN, & IDN)
1. To promote regional peace and stability through abiding respect for justice and the rule of law
2. To accelerate the economic growth, social progress and cultural development in the region through joint endeavors
• 3. ASEAN signed FTAs with China, Japan, South Korea, India, New Zealand and Australia.
• Time Series Model to measure the affect of the agreement on the GDP growth per capita: 1 compare the GDP growth per capita for the members before and after the
agreement
2 compare with the region countries that are out of the agreement.
• If ASEAN were a single country, it would already be the seventh-largest economy in the world, with a combined GDP of $2.4 trillion in 2013.
• Dependent Variable: The GDP growth per capita of the region countries.
• GDP: US$ 2.395 trillion (2014) and GDP per capita USD 3,832
• Trade: US$ 2.51 trillion (2014) — Exports = USD 1,271,128 Million; Imports = USD 1,240,388 Million
• Foreign Direct Investment (FDI): US$ 122.4 billion (2013)
• Gross Domestic Product (GDP) grew by 5.2 percent at US$ 2.4 trillion in 2013 from 2.3 trillion in the previous year.
• It is projected to rank as the fourth-largest economy by 2050
• (McKinsey & Co. – May 2014).