ASEAN 2030: Toward a Borderless Economic CommunityThis book investigates long-term development issues for members of the Association of Southeast Asian Nations (ASEAN). It finds that with the proper policy mix—including domestic structural reforms and bold initiatives for regional integration—ASEAN has the potential to reach by 2030 the average quality of life enjoyed today in advanced economies and to fulfill its aspirations to become a resilient, inclusive, competitive, and harmonious (RICH) region. Key challenges moving forward are to enhance macroeconomic and financial stability, support equitable growth, promote competitiveness and innovation, and protect the environment. Overcoming these challenges to build a truly borderless economic region implies eliminating remaining barriers to the flow of goods, services, and production factors; strengthening competitiveness and the institutional framework; and updating some governing principles. But ASEAN should not merely copy the European Union. It must maintain its flexibility and pragmatism without creating a bloated regional bureaucracy. The study’s main message is that through closer integration, ASEAN can form a partnership for achieving shared prosperity in the region and around the globe. |
Contents
Appendix | 40 |
Aspirations for a RICH ASEAN | 43 |
Key 2030 Challenges | 81 |
Appendix | 137 |
Enabling Factors | 139 |
Institutional Architecture | 183 |
Policy Options | 211 |
Appendix | 282 |
| 285 | |
Back Cover | 301 |
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accessed AEC Blueprint agencies areas ASEAN Charter ASEAN Community ASEAN countries ASEAN Economic Community ASEAN economies ASEAN members ASEAN Secretariat ASEAN-6 ASEAN+3 Asia Asian Development Bank Asian financial crisis aspiration targets Association of Southeast average Brunei Darussalam Cambodia capita GDP challenges CLMV countries coordination create development gaps domestic economic growth Economic Partnership effective efficiency enhance ensure environmental exchange rate expand financial markets framework Free Trade Agreement Fund global governance human capital implementation improve inclusive development income increase India Indonesia infrastructure introduce investment issues Japan labor Lao PDR Lao People's Democratic macroeconomic Malaysia member countries monetary Myanmar natural resources People's Democratic Republic Philippines Policy Options private sector production networks programs promote protection RCEP reforms regulatory Republic of Korea Singapore SMEs social Southeast Asian Nations strategy strengthen sustainable Thailand tourism transport truly borderless Viet Viet Nam