This document discusses the three pillars of ASEAN - the ASEAN Political-Security Community (APSC), the ASEAN Economic Community (AEC), and the ASEAN Socio-Cultural Community (ASCC). It outlines the key characteristics and elements of the AEC, including establishing a single market and production base through the free flow of goods, services, investment, capital and skilled labor. It identifies 12 priority sectors for integration and discusses implementation of the AEC Scorecard. Tables show intra-ASEAN trade volumes and selected labor market indicators. The document concludes with a summary of Michael Porter's theory of the competitive advantage of nations.
This document discusses the three pillars of ASEAN - the ASEAN Political-Security Community (APSC), the ASEAN Economic Community (AEC), and the ASEAN Socio-Cultural Community (ASCC). It outlines the key characteristics and elements of the AEC, including establishing a single market and production base through the free flow of goods, services, investment, capital and skilled labor. It identifies 12 priority sectors for integration and discusses implementation of the AEC Scorecard. Tables show intra-ASEAN trade volumes and selected labor market indicators. The document concludes with a summary of Michael Porter's theory of the competitive advantage of nations.
This document discusses the three pillars of ASEAN - the ASEAN Political-Security Community (APSC), the ASEAN Economic Community (AEC), and the ASEAN Socio-Cultural Community (ASCC). It outlines the key characteristics and elements of the AEC, including establishing a single market and production base through the free flow of goods, services, investment, capital and skilled labor. It identifies 12 priority sectors for integration and discusses implementation of the AEC Scorecard. Tables show intra-ASEAN trade volumes and selected labor market indicators. The document concludes with a summary of Michael Porter's theory of the competitive advantage of nations.
AEC Blueprint adopted in 2007 – To be implemented by end 2015
AEC Key Characteristics and Elements A. Single Market & Production Base B. Competitive Economic Region i. Free flow of goods I. Competition Policy ii. Free flow of services II. Consumer Protection iii. Free flow of investment III. Intellectual Property Rights (IPR) iv. Free flow of capital IV. Infrastructure Development v. Free flow of skilled labor V. Taxation vi. Priority Integration Sectors VI. E-Commerce vii. Food, Agriculture, Forestry D. Integration into Global Economy C. Equitable Economic Development I. Coherent approach toward I. SME development External Economic Relations II. Initiative for ASEAN Integration II. Enhance participation in global (IAI) supply network
Above characteristics and elements are inter-related and mutually reinforcing
12 Priority Integration Sectors • Agro-based goods • Health care products • Air transport • Rubber-based goods • Automotive products • Textile and clothing • e-ASEAN • Tourism • Electronic goods • Wood-based products • Fisheries • Logistics Implementation of AEC Scorecard Intra-ASEAN Trade, 2012 ($M and per cent) Selected Labor Market Indicators in ASEAN The Competitive Advantage of Nations 1. Factor Conditions The nation’s position in factors of production, such as skilled labor or infrastructure, necessary to compete in a given industry 2. Demand Conditions The nature of home-market demand for the industry’s product or service 3. Related and Supporting Industries The presence or absence in the nation of supplier industries and other related industries that are internationally competitive 4. Firm Strategy, Structure, and Rivalry The conditions in the nation governing how companies are created, organized, and managed, as well as the nature of domestic rivalry