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This is an important and timely volume: important because ASEAN is an increasingly significant and influential regional and global actor; and timely because, as the 2015 ASEAN Economic Community target approaches, what is needed is a sympathetic yet arms-length survey of the issues and challenges. ASEAN will miss some of the targets laid out in its AEC Blueprint, but the reader is left in no doubt that the ASEAN spirit is alive and well. The editors include a distinguished former Secretary General of ASEAN and the leading academic analyst of ASEAN economic cooperation. They and their co-editors are to be congratulated for soliciting contributions from an outstanding and diverse group of authors, and then adding their highly authoritative commentary and analysis. A must read for anybody seriously interested in ASEAN.

Commerce --- Economic history --- ASEAN. --- ASEAN --- Southeast Asia --- Asie du Sud-Est --- Economic conditions. --- Commerce. --- Conditions économiques --- Economic integration. --- Association of Southeast Asian nations --- Asia, Southeast --- Asia, Southeastern --- South East Asia --- Southeastern Asia --- BUSINESS & ECONOMICS / Economics / General.

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During the 13th ASEAN Summit in November 2007, ASEAN Leaders endorsed the ASEAN Economic Community (AEC) Blueprint, which laid the foundation of creating a "single market and production base" among the ten Southeast Asian economies. Soon after that, ASEAN faced great uncertainties in the light of the 2008 global financial crisis and continues to remain cautious in the face of the ongoing global economic weakness. Despite this, the region is forging ahead with its commitment to carry out economic liberalization and cooperation as stipulated in the AEC Blueprint. The official AEC scorecard, published in March 2012, stated that ASEAN had achieved 68.2 per cent of its targets for the 2008-11 period. The official AEC scorecard is expected to track the implementation of measures and the achievement of milestones committed in the AEC Strategic Schedule. However, the scorecard, in its current form, is too brief and general to be useful for the ASEAN citizens. This book attempts to fill this gap and evaluates the current status of and the progress towards the milestones of the AEC Blueprint. The overall message of the book is that even though ASEAN may miss some of its integration goals by 31 December 2015, it will certainly deliver some of the key initiatives - tariff elimination, establishing the ASEAN Single Window, laying the foundation of the regional investment initiative, advancing tourism services, moving ahead with ASEAN connectivity and the realization of ASEAN +1 free trade agreements. AEC's goal of forming an equitable and competitive regional economy will continue to be a work in progress. AEC 2015 is going to be a historic milestone that will raise ASEAN's profile and will help the region to maintain its centrality in the international community.

ASEAN. --- Southeast Asia --- Foreign economic relations. --- Economic conditions. --- Economic integration. --- POLITICAL SCIENCE / Public Policy / Economic Policy. --- Association of Southeast Asian nations --- Asia, Southeast --- Asia, Southeastern --- South East Asia --- Southeastern Asia --- ASEAN --- Economic integration --- Economic conditions --- Foreign economic relations --- Investments--Southeast Asia. --- Southeast Asia--Economic conditions. --- Southeast Asia--Economic integration. --- Southeast Asia--Foreign economic relations.

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The Journal of Southeast Asian Economies (JSEAE) is a peer-reviewed journal focusing on economic issues pertaining to countries in the region – defined as the ten members of the Association of Southeast Asian Nations (ASEAN) and East Timor. JSEAE welcomes articles using orthodox economic approaches as well as those of a more heterodox nature. Oriented at both researchers and policy-makers, the journal seeks to reconcile the ideals of relevance, methodological rigour, and accessibility.

Economic history. --- Economic policy. --- ASEAN --- ASEAN. --- Southeast Asia --- Southeast Asia. --- Economic conditions --- Economic policy --- Economic nationalism --- Economic planning --- National planning --- State planning --- History, Economic --- Political aspects --- A.N.S.E.A. --- ʼA rheʹ Toṅʻ ʼĀrha Nuiṅʻ ṅaṃ myāʺ ʼA saṅʻʺ --- ʼĀchīyaṃ --- ANSEA --- Āsiyān --- Asosasyon ng mga Bansa sa Timog-Silangang Asya --- Association des nations d'Asie du Sud-Est --- Association des nations du Sud-Est asiatique --- Association des pays de l'Asie du Sud-Est --- Association of South East Asian Nations --- Association of Southeast Asian Nations --- Association of Southeastasian Nations --- Assot︠s︡iat︠s︡ii︠a︡ gosudarstv I︠U︡go-Vostochnoĭ Azii --- Assot︠s︡iat︠s︡ii︠a︡ stran I︠U︡go-Vostochnoĭ Azii --- Dong nan Ya guo jia xie hui --- Dong nan Ya guo xie --- Hiệp hội các nước Đông Nam Á --- Perhimpunan Bangsa-Bangsa Asia Tenggara --- Samākhom ʻĀsīan --- Samākhom Prachāchāt hǣng ʻĒsīa Tawanʻō̜k Chīang Tai --- Tōnan Ajia Shokoku Rengō --- Tongnama Kukka Yŏnhap --- Tung nan Ya kuo chia hsieh hui --- Tung nan Ya kuo hsieh --- Verband Südostasiatischer Nationen --- Asia, Southeast --- Asia, Southeastern --- South East Asia --- Southeastern Asia --- ʼĀchīya --- Assot͡siat͡sii͡a gosudarstv I͡Ugo-Vostochnoĭ Azii --- Assot͡siat͡sii͡a stran I͡Ugo-Vostochnoĭ Azii --- Hiệp hội các nước Đông Nam --- Tōnan Ajia Shokoku Reng --- Economics --- Planning --- National security --- Social policy --- Association of Southeast Asian nations --- Economic History --- Azja Południowa --- Azja Południowa. --- Association of Southeast Asia --- Hiệp hội các nước Đông Nam --- Samākhom Prachāchāt hǣng ʻĒsīa Tawanʻō̜k Chīang Tai

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The global financial crisis originated in advanced economies, but had a major impact on emerging markets. The impact, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the Philippines and Thailand), there were considerable differences both in terms of instantaneous impact of the crisis and in terms of output performance relative to trend. There are several main reasons for the divergence. First, trade shocks had a larger impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand. Such factors include investment-friendly structural reforms and fortuitously timed election spending in Indonesia, as well as political instability and natural disasters in Thailand.

Economic stabilization --- Global Financial Crisis, 2008-2009. --- International liquidity. --- Structural adjustment (Economic policy) --- Economic policy --- Balance of payments --- International finance --- Liquidity (Economics) --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Financial crises --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- ASEAN. --- Asia Pacific Economic Cooperation (Organization) --- Asia Pacific Economic Cooperation Council --- APEC --- A-Tʻae Kyŏngje Hyŏmnyŏkchʻe --- Ya-Tʻai ching ho tsu chih --- Aziatsko-tikhookeanskoe ėkonomicheskoe sotrudnichestvo (Organization) --- ATĖS --- Mecanismo de Cooperación Económica Asia Pacífico --- 亞太經濟合作組織 --- Cooperación Económica en Asia Pacífico (Organization) --- Diẽ̂n đàn hợp tác kinh té̂ châu Á--Thái Bình Dương --- Association of Southeast Asian nations --- Exports and Imports --- Investments: General --- Macroeconomics --- Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General --- International Business Cycles --- Trade: General --- Financial Crises --- Fiscal Policy --- International Investment --- Long-term Capital Movements --- Investment --- Capital --- Intangible Capital --- Capacity --- International economics --- Economic & financial crises & disasters --- Exports --- Global financial crisis of 2008-2009 --- Fiscal stimulus --- Capital outflows --- Depreciation --- International trade --- Fiscal policy --- National accounts --- Global Financial Crisis, 2008-2009 --- Capital movements --- Saving and investment --- Indonesia