What do you think about integrated ASEAN(association of Southeast Asian Nation)

Philippines
January 6, 2007 9:52pm CST
Asean has been created for some decades now. Year on year, discussions on greater intergration have been tackled. To address the economic loses faced by the region due to strong INDIA and CHINA block. Ministers believe that a single regional economy could help the region catch up with the Economic gains India and China has been enjoying. Now, the Asean ministers have already made a time frame towards "ONE ASEAN", a southeast Asia with common economy and currency perhaps. What do you think about this guys? Is it beneficial to majority of the members considering that ASEAN is still a developing region? Since there would be greater economic gap on its members? i.e. Singapore and Cambodia. Has the European Union benefited most of its member nations instead of only a few? Economic enthusiasts, i need your thoughts regarding this matter.. Thanks..
2 people like this
12 responses
@soumodeep (944)
• India
7 Jan 07
Yes I think that would benefit the whole South East Asian Nations to progress economically but isn't some SE asian nations already really developed like Singapore, Thailand, Malaysia. But the prob is that whether all nations will agree to it. And whether still it could fight out the competition from China and India. Cause at the same time these two countries are growing at a rate of 10% and 8%. They are growing fast and these countries are also big in size. But I think it's worth a try.
1 person likes this
• Philippines
7 Jan 07
Only singapore and Brunei perhaps are considered developed in the region. And for some instance, Malaysia.. Thailand, Philippines, and Indonesia still lag behind these 3 nations. Policies regarding trade (i.e. free trade) are being discussed.. That would be fine for the developed and developing nations perhaps. But how about those underdeveloped, such as Laos, Cambodia, to name a few.? Would they not be hurt if ever greater integration pursue? These nations are import dependednt. How about their little export industry? Might get worst since products from neighbor giants are free to enter their territory..
• Indonesia
8 Jan 07
ASEAN is good organization for countries on South East Asia region. coz the contries in this region can cooperate each other in economic, social, culture, technology, security, politics. But in my opinion, ASEAN still not yet realize their pragrams in real terms. coz i see, there is kind of gap between undeveloping, developing and development country. i think it still caused by politic of interest from development countries. if the development countries in ASEAN, like Singapore, Malaysia and Brunei Darussalam really want to make all of ASEAN program work properly, i believe, South East Asia region can be better in any field. and it will be possible to reach welfare in each member. about free trade policy, it should be re considered again coz the economic growth in each country of ASEAN member not the same. so it should be another policy of free trade policy which also make undeveloping countries has benefit in this organization
• Malaysia
7 Jan 07
For me,ASEAN still in its progress to be a better organization in South East Asia. It is because there are still a lot of people live in poverty in the region. ASEAN should take note on this and try to decrease the amount of the people who live in poverty. They still need to work out and still milestones to go before they can be a strong and respectfull organization in the world.
• India
7 Jan 07
i think ASEAN quite noticed the poor people & they have lot of plans for them to implent.ASEAN is working out.
• Philippines
7 Jan 07
yeah..poverty is really an issue in the region.. except for Singapore, Brunei, and sometimes Malaysia.. In our case here in the Philippines, poverty is being addressed properly.. From 40% of the population during mid 90's, poverty went down to only 24% of Philippine population w/c is 86 million. Same developments with Thailand and Indonesia.. The rest, w/c are the underdeveloped nations, are yet to be addressed..Talking about poverty..
@ahmar2 (682)
• Pakistan
7 Jan 07
I think if ASEAN is used properly it can be a great forum to solve disputes but it is bit of coloured so far.
@luvgold (264)
• Indonesia
7 Jan 07
Yes I agreed with you thank's
@vinu123 (224)
• India
7 Jan 07
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@sahergul (774)
• Pakistan
7 Jan 07
well i think economic integration will be helpful to pull up other members and getting stronger against west powers
• United States
7 Jan 07
i think any association is good for the countries that are part of it and asean is no exception to that. it is in this way that countries can understan problems faced by each one of them as nation with deficit can be helped by nation who have surplus. in this way much of the economic disparities between nations would no longer exist.
• Philippines
7 Jan 07
i hope so.. that's what i worry. singapore might eat laos out..lol
• India
7 Jan 07
Look for some irresponsible countries Like Pakistan and Bangladesh this south eastern region is not being able to develop well. We have had seen what India can do for her neighbour during a crisis The Tsunami, It was the first country to send help to neighbours during those times of difficulties our entire defence mechanism was under water with india also being massively hit we had sea based hospitals catering the wounded in Indonesia, srilanka within matter of hours. We had sent comando to thawart a military takeover organised within matter of hrs on a request of a neighbouring government there when they anticipated trouble. Indian army is well organised backed by a great economy and overall its a disciplined well armed force. Now what Pakistan gets in creating trouble here and they are also roping in bangladesh to share their barden. Pakistan due to its obsession of Kashmir is hurting all the region not only herself. Now they can very well forget they will ever again be able to take away 1 inch of kashmir. We are too powerful for them. In trying to destroy India they have ruined themselves and on the other hand in her bid to defend herself India grew stronger. It will be wise for the pakistanis to start accepting the present position and be friendly . If India Bangladesh Nepal Bhutan srilanka Thailand singapore Indonesia and all other countries conceive something as EURo then we might be the biggest market in the world we can influence the world with a Unified military command of all countries just Imagine we would be a mini continent.We would be invincible. Just Imagine all of you in all these countries and hope we be friends.
@areeb124 (243)
• Pakistan
7 Jan 07
Two years after the start of the financial and economic crisis, do you think the countries of the rigion are about to "see the end of the tunnel?" What is your assessment of the current political and economic situation of the ASEAN member countries? In the latter half of july, the ASEAN memeber-countries had thrir annual foreign ministers' conferences with their ten dialouge patners-Australia, Canada, the European Union, India, Japan, The Republic of Korea, New Zealand, Russia, and the Undited States. A consensus emerged that the economics of the region had "bottomed out," but the reform measures must not falter. Participants cited the return of the economics to positive growth, the stabilization of their currencies, the rise in exports, the drop in interest rates, and the slowing down if inflation. Will the "surveillance mechanism" to be sufficient to give an early warning next time arround? The ASEAN surviellance process involves in early warning system by which adverse developments in either the global or regional financial and economic situation can be detected and acted upon. These developments arc brought to the attention of ASEAN finance and central bank officials and the ASEAN finance ministers. Through a peer review process, the finance ministers jointly formulate national or collective policies or measures to prevent the situation from developing into a crisis. The finance ministers meet at least twice a year for the peer review. The effectiveness of the surveillance mechanism in preventing capacity of ASEAN bodies or member countries to take timely action on it. The finance ministers have gone through the first peer review, in Hanoi early this year. The first surveillance report contained an analysis of global economic developments and theirimplications for ASEAN and of member-countries'economic situations and outlooks. Based on the report, the finance ministers exchanged views on the economic situation and discussed policies and measures that can contribute to the early and sustainable recovery of the region's economy. A study on the recovery indicators is also being undertaken and should be finalized within the next few months. Once completed, it will provide the region with a tool to monitor the progress of the economic recovery of ASEAN and its members. The second surveillance report is being prepared for the second peer review, which is to be conducted by the finance ministers in late September. Are you getting any helo from oter inernational institutions? The ASEAN surveillance process has the support of the Asian Development Bank and the cooperation of the IMF and other international financial institutions. It is managed by a unit in the ASEAN Secretariat and a counterpart unit at the ADB. the surveillance process is a regional undertaking and is only one of a broad set of many measures that must be taken to deal with the current and future financial uphealves. The international financial order must be reviewed and, if necessary, overhauled. National governments, too, have to do their part by way of reforms in government supervision and in the corprate and banking sectors.
• India
7 Jan 07
I am not too sure about the economic aspects related to this but in the current circumstances where U.S is trying to enter and control all resources in the name of power imbalance all around the World.it is essential that all the south asian countries get united and form a loby against various other lobies that are already formed.When it comes to economic benefits ,i feel we must try and develop into the way European has developed,it will help to form stability in southasia.
@hackman (178)
• India
7 Jan 07
it may helpful for asian country
• India
7 Jan 07
ASEAN was founded by five states, mostly from maritime Southeast Asia: the Philippines, Indonesia, Malaysia, Singapore and Thailand. The British protectorate of Brunei joined ASEAN six days after the country became independent from the United Kingdom on January 8, 1984. The mainland states of Vietnam, Laos and Myanmar were later admitted. Vietnam joined ASEAN on July 28, 1995. Laos and Myanmar were admitted into ASEAN on July 23, 1997. Cambodia became the newest member when it was admitted on April 30, 1999. The Melanesian state of Papua New Guinea has observer status in ASEAN. East Timor on the other hand is expected to formally apply for full membership at the 2006 39th Annual Ministerial Meeting of ASEAN Foreign Ministers in Kuala Lumpur. [1] The association includes about 8% of the world's population and in 2003 it had a combined GDP of about USD$700 billion, growing at an average rate of around 4% per annum. The economies of member countries of ASEAN are diverse, although its major products include electronics, petroleum, and wood. The ASEAN countries are culturally rich. It includes more Muslims than any other geopolitical entity. About 240 million Muslims live mostly in Indonesia, Malaysia and Brunei. Buddhism constitutes the main religion of mainland Southeast Asia and there are about 170 million Buddhists in Thailand, Myanmar, Laos, Cambodia, Vietnam and Singapore. Roman Catholicism is predominant in the Philippines. Through the Bali Concord 11 in 2003, ASEAN has subscribed to the notion of democratic peace, which means all member countries believe democratic processes will promote regional peace and stability. Also the non-democratic members all agreed that it was something all member states should aspire to
@oninig (3)
• Philippines
7 Jan 07
for me, the only country who gets the benefit are the cAPITASLIST countries like the US. the only thing why the first world cpountries drafted this kind of economic group is to open the economy of the third world from the surplus that the first world had think where to dump( i.e.: excess of manufactured goods).