Subject: This is seen as providing an opportunity 8 views

[account_disabled]

The to tend to be slower when compared to economic integration in other regions. This means that it is not as fast as many people hope. Meanwhile the European Union economic community only needed around years to implement it. Apart from that the slowdown in the ASEAN economic integration process will also be seen through an increase in intraASEAN trade which has only increased by in the past years. Of course this figure is much smaller compared to the amount of trade in the same period in a number of other economic integration areas.

For example NAFTA reached the European Union SADC and Mercosur or South America Job Function Email List at . Experts are of the opinion that slow development in the ASEAN region is allegedly due to individual orientation in the form of similarities in trade commodities. Based on geographical conditions and equal industrial progress in ASEAN countries it is common to find commodities that resemble each other in this region. Not only that the slow development of ASEAN economic integration is also the result of typical ASEAN members working without a regular schedule. This is different from other economic areas.



For example when ASEAN members negotiate a cooperation agreement with each other implementation can be slow making it difficult to find a tipping point. This is what makes ASEAN different from a number of other economic integration regions in the world which use more concrete and formal policy foundations. Meanwhile ASEAN tends to rely on less binding factors such as developing socioeconomic levels culture and a history of considerable diversity. Even though the development of economic integration in ASEAN is considered to be proceeding very slowly this still does not rule out the possibility that Southeast Asia will also enjoy the process of shifting the economic base.  for Southeast Asia to become more strategic with its role as a.