ASEAN Economic Integration: Opportunities and Challenges that Lie Ahead

algd international policy digest

The Association of Southeast Asian (ASEAN) leaders adopted the ASEAN Vision 2020 hoping to strengthen the foundation for a prosperous and peaceful community of Southeast Asian nations while creating a community that lived in shared stability and prosperity. The purpose of establishing an integrated economic community is to accelerate economic growth, enhance trade development in the region, and allow the freer movement of goods, services, skilled labor, and capital.

There are approximately 600 million people across the ten ASEAN member countries (Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam) that will be affected by this regional partnership. Thus, it is critical to highlight some high level opportunities as well as challenges surrounding the impending economic integration.

The International Policy Digest: ASEAN Economic Integration: Opportunities and Challenges that Lie Ahead

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