Potential gains from economic integration as impetus for regional integration: a comparison of ASEAN, ASEAN+3 and EAC

Arbeitspapier | Working paper

Political economy theory usually emphasizes the impact of economic interdependence within a region for successful and dynamic regional integration. According to that, participating economies must constitute mutual export markets and investment destinations to exploit gains from intraregional trade and investment. As a consequence the integration process receives positive feedback from member states and furthers progress in regional integration. However, this paper argues that regional integration in Southeast Asia is at least as dependent on economic cooperation and positive feedback from external partner countries and regions as it is on internal economic effects. The argument will be underscored by intra- and interregional trade and investment analysis of the Association of Southeast Asian Nations (ASEAN). The ASEAN made crucial steps towards regional integration in the last decade by establishing the ASEAN Free Trade Area, promoting the ASEAN Investment Area and negotiating and implementing Free Trade Agreements (FTAs) with major trade partners. Due to the market patterns in the ASEAN the intraregional trade and investment stagnates at a low level. As a result it is argued that regional integration as effect of economic integration in Southeast Asia is primarily dependent on widening economic cooperation. It will be indicated that at the current status of economic development in the ASEAN, interaction with China, Japan and Korea (ASEAN+3) is more promising in evoking positive feedback than interaction with India, Australia and New Zealand (which constitute together with the ASEAN+3 the East Asian Community, a proposed trade block)." (author's abstract)

Object Details

• Extent: Seite(n): 26
• Language: Englisch
• Notes: Status: Veröffentlichungsversion

References and Relationships

• Bibliographic citation: Bamberger Online Papers on Integration Research (BOPIR) (7/2009)

Classification and Topics

• Subject: Wirtschaft ; Internationale Beziehungen ; internationale Beziehungen, Entwicklungspolitik ; Volkswirtschaftslehre ; Südostasien ; Wirtschaftspolitik ; internationale Interdependenz ; Handel ; politische Ökonomie ; ASEAN ; Interdependenz ; wirtschaftliche Zusammenarbeit ; Wirtschaft ; Integration ; Dokumentation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Obermeier, Axel
• Event: Veröffentlichung
• (who): Universität Bamberg, Fak. Sozial- und Wirtschaftswissenschaften, Lehrstuhl für Internationale Beziehungen
• (where): Deutschland, Bamberg
• (when): 2009

Further information

• URN: urn:nbn:de:0168-ssoar-130589
• Rights: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Last update: 21.06.2024, 4:27 PM CEST