Services Liberalization in ASEAN

Services Liberalization in ASEAN
Author: Tham Siew Yean
Publisher: Flipside Digital Content Company Inc.
Total Pages: 278
Release: 2018-05-24
Genre: Business & Economics
ISBN: 9814786268

The services sector plays an important role in ASEAN economies as it accounts for about half of the region's GDP and more than 45 per cent of its total employment. ASEAN aspires to deepen integration in the services sector in order to enhance the sector's contribution to economic development and growth in each country. Despite this, services liberalization has progressed slowly compared to goods liberalization both at the multilateral and the regional levels. Different regulatory mechanisms across countries have contributed to the slow pace of liberalization. Logistics is an important industry in the services sector. The integration of logistics is important for deepening economic integration in ASEAN as it facilitates the movement of goods, services and people within and across countries, among producers and from producers to consumers. In view of its importance, ASEAN has identified logistics as one of its priority integration sectors. It has also developed a Connectivity Master Plan and a Strategic Transport Plan, where logistics plays an important role. This book examines the current state of services liberalization in the ten ASEAN economies. It also assesses the FDI enabling environment and the extent of FDI liberalization in the logistics sector as well as the liberalization challenges encountered in each of the ASEAN economies. The book, thus, provides a comparative picture of services liberalization as well as the state of logistics liberalization and development in each of the ten ASEAN member countries. All these have important bearings on deepening ASEAN economic integration for 2025 and beyond.

Services Liberalization in ASEAN

Services Liberalization in ASEAN
Author: Tham Siew Yean
Publisher: ISEAS-Yusof Ishak Institute
Total Pages: 403
Release: 2017-11-14
Genre: Business & Economics
ISBN: 9814786187

The services sector plays an important role in ASEAN economies as it accounts for about half of the region’s GDP and more than 45 per cent of its total employment. ASEAN aspires to deepen integration in the services sector in order to enhance the sector’s contribution to economic development and growth in each country. Despite this, services liberalization has progressed slowly compared to goods liberalization both at the multilateral and the regional levels. Different regulatory mechanisms across countries have contributed to the slow pace of liberalization.

Services Trade in ASEAN

Services Trade in ASEAN
Author: Dora Neo
Publisher: Cambridge University Press
Total Pages: 0
Release: 2019-06-20
Genre: Business & Economics
ISBN: 131664541X

Explores the main drivers of services-led integration among the member states of ASEAN.

Logistics Development in ASEAN

Logistics Development in ASEAN
Author: Tham Siew Yean
Publisher: ISEAS-Yusof Ishak Institute
Total Pages: 44
Release: 2018-01-16
Genre: Business & Economics
ISBN: 9814818070

Growing urbanization, increasing trade and investment due to integration, and emerging new business models like e-commerce are accelerating the demand for efficient logistics in each ASEAN country. The logistics sector is inherently complex due to its scope, ranging from physical infrastructure covering four modes of transport, customs, and services. Each of these sub-sectors is regulated by different government agencies, leading to complex challenges in each country’s logistics sector. Policymaking has a tendency to be done piecemeal rather than integratively, while a more or less fragmented governance structure impedes implementation. ASEAN liberalization commitments focusses on raising the cap on foreign equity, while regulatory reform remains untouched. Also, flexibility offered in these commitments allows for non-compliance. Going forward, developing seamless logistics requires ASEAN countries to first overcome their domestic challenges. Each country needs to develop comprehensive plans, and effective implementation of these is essential. Liberalization commitments should complement domestic reforms in each country.

ASEAN Centrality and the ASEAN-US Economic Relationship

ASEAN Centrality and the ASEAN-US Economic Relationship
Author: Peter A. Petri
Publisher:
Total Pages: 75
Release: 2014-02-21
Genre: Business & Economics
ISBN: 9780866382465

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.

Outward Foreign Direct Investment in ASEAN

Outward Foreign Direct Investment in ASEAN
Author: Cassey Lee
Publisher: ISEAS-Yusof Ishak Institute
Total Pages: 250
Release: 2017-02-14
Genre: Business & Economics
ISBN: 9814762407

The level of outward foreign direct investment (OFDI) flows from ASEAN countries has increased rapidly in past two decades. This book examines OFDI trends and patterns in the ASEAN region including the impact of the ASEAN Economic Community. It also provides analyses of country policies affecting OFDI and the drivers of OFDI in Indonesia, Malaysia, Singapore and Vietnam. Myanmar is studied as an investment frontier for other ASEAN countries. span, SPAN { background-color:inherit; text-decoration:inherit; white-space:pre-wrap } “The dynamic economies of Southeast Asia have historically been very large recipients of foreign direct investment (FDI). As global capital markets have opened up, and these economies have developed their technological and commercial capabilities, in more recent years Southeast Asia has emerged as a significant source of outward FDI both within the region and beyond. This important volume, by a group of leading regional scholars, offers a timely, comprehensive, accessible and authoritative analysis of this phenomenon.” -- Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, Arndt-Corden Department of Economics, Crawford School of Public Policy, Australian National University “A timely, rich and comprehensive study filling a major gap in the literature on the increasingly important phenomenon of foreign investment flowing out from regions including developing and middle-income countries.” -- Luke Nottage, Professor of Comparative and Transnational Business Law; Associate Director, Centre for Asian and Pacific Law at the University of Sydney

Trade in Services in the Asia-Pacific Region

Trade in Services in the Asia-Pacific Region
Author: Takatoshi Ito
Publisher: University of Chicago Press
Total Pages: 510
Release: 2007-11-01
Genre: Business & Economics
ISBN: 0226386783

In recent years the tremendous growth of the service sector—including international trade in services—has outstripped that of manufacturing in many industrialized nations. As the importance of services has grown, economists have begun to focus on policy issues raised by them and have tried to understand what, if any, differences there are between production and delivery of goods and services. This volume is the first book-length attempt to analyze trade in services in the Asia-Pacific region. Contributors provide overviews of basic issues involved in studying the service sector; investigate the impact of increasing trade in services on the economies of Taiwan, Korea, and Hong Kong; present detailed analyses of specific service sectors (telecommunications, financial services, international tourism, and accounting); and extend our understanding of trade in services beyond the usual concept (measured in balance of payment statistics) to include indirect services and services undertaken abroad by subsidiaries and affiliates.

Roadmap to an ASEAN Economic Community

Roadmap to an ASEAN Economic Community
Author: Denis Hew Wei-Yen
Publisher: Institute of Southeast Asian Studies
Total Pages: 339
Release: 2005
Genre: Business & Economics
ISBN: 9812303472

At the Ninth ASEAN Summit in Bali on 7 October 2003, the leaders of the Association of Southeast Asian Nations agreed to establish an ASEAN Economic Community (AEC) by 2020. It is envisaged that the AEC would be a single market and production base, with a free flow of goods and services, investments, capital and skilled labour. An integrated ASEAN with a sizeable market of over 500 million people could become an alternative to China as a regional production base for MNCs. Although there are roadmaps for the fast-track integration of eleven priority sectors, an overall longer-term roadmap needs to be formulated to realize the AEC. This book addresses the main issues.

ASEAN Law in the New Regional Economic Order

ASEAN Law in the New Regional Economic Order
Author: Pasha L. Hsieh
Publisher: Cambridge University Press
Total Pages: 450
Release: 2020-11-05
Genre: Law
ISBN: 9781108949293

The fast-growing last decade of strong economic growth of the Association of Southeast Asian Nations (ASEAN) has played a critical role in Asia-Pacific regionalism and global trade. This book explores the concept of ASEAN law under the normative framework of the new regional economic order. It examines the roadmap of the new ASEAN Economic Community Blueprint 2025 by evaluating the impact of ASEAN trade agreements on domestic legislation on professional services, financial integration, investment disputes and digital trade. More importantly, it sheds light on the legal implications of ASEAN's agreements with China and India and the potential developments of mega-regional trade agreements such as the CPTPP and the RCEP. Hence, the legal analysis and case studies in the book offer a fresh view of Asia-Pacific integration and bridge the gap between academia and practice.

New Asian Regionalism in International Economic Law

New Asian Regionalism in International Economic Law
Author: Pasha L. Hsieh
Publisher: Cambridge University Press
Total Pages: 297
Release: 2021-12-16
Genre: Law
ISBN: 1108845606

Provides the first systematic analysis of new Asian regionalism as a paradigm shift in international economic law.