How ASEAN’s Transformation Can Play Out Well for Europe

Author
Damian Wnukowski
Content Type
Policy Brief
Institution
The Polish Institute of International Affairs
Abstract
The transformation of ASEAN into an economic community is a significant step in the organisation’s integration process. The project, formally launched at the beginning of 2016, aims at creation of a single market of more than 620 million people, loosens the flow of goods, services and investment, which should underpin regional economic growth and catch the attention of foreign businesses. However, obstacles to economic cooperation remain, such as limitations on the movement of labour or capital, which shows that the integration process is not yet complete. The EU, which can benefit from a well-functioning market in this region, should share its own experience to support the ASEAN integration process.
Topic
Economics, International Trade and Finance, Markets, Politics, Labor Issues
Political Geography
Europe