ASEAN has undertaken the complex task of creating a single economic
entity for Southeast Asia by 2015 in the form of the ASEAN Economic
Community (AEC), but without regulators or supranational
institutions, its implementation has been an inconsistent process.
Through comparisons with the EU and NAFTA, this book illustrates
the shortcomings of the current system, enabling readers to
understand both the potential of regional economic development in
ASEAN and its foundational and institutional deficiencies. The
authors' analysis of trade in goods and services, investment, and
dispute resolution in the AEC indicates that without strong
regional institutions, strong dispute resolution or a set of norms,
full and effective implementation of the AEC is unlikely to result.
The book offers clear solutions for the ASEAN institutions to help
the AEC reach its full potential. Written by two leading
practitioners, this insightful book will interest policymakers,
students and researchers.
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