With Asia’s continuing rise and growing impact on the global economy, regional cooperation and integration (RCI) is expanding, bringing with it both benefits and costs. To sustain region-wide economic growth, an integrated market for the free flow of trade and investment across the region is necessary.
Jayant works on trade, international investment and development issues, and leads ADB's Trade Team. He holds adjunct appointments with the Australian National University, University of Nottingham, UK and Cambodian Institute for Cooperation and Peace, and serves on the Advisory Board of the University of Nottingham Campus in Malaysia. Prior to joining ADB, Mr. Menon worked as an academic in Australia for more than a decade, mainly at the Centre of Policy Studies at Monash University in Melbourne.
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Regional cooperation and integration (RCI) has played an important role in Asia’s growth and development, and will have to play a role in managing the consequences of this ascendancy going forward.
The rise of mega-regionals such as the Regional Comprehensive Economic Partnership (RCEP) and the Trans-Pacific Partnership (TPP) suggest that the world trade system is fragmenting to appear more like a jigsaw puzzle than a spaghetti bowl. How do we resolve the growing mess?
Launched as a political bloc and security pact in the aftermath of the Viet Nam War, the Association of Southeast Asian Nations (ASEAN) has evolved to embrace an ambitious economic agenda. Its latest project is to establish the ASEAN Economic Community by 31 December 2015. But is this likely?
If Malaysia truly wants to reach high-income countries, it must first arrest and then reverse its structural regression, and improve the business environment to revive private investment in manufacturing.
The Fourth Industrial Revolution can empower MSMEs, which account for 90% of all enterprises and provide most employment in ASEAN member states.