The Indo-Pacific Seascape and ASEAN’s Open and Convergent Economic Vision

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The Indo-Pacific, as a seascape, complements the Asia-Pacific landscape. The strategic geographic position of South-East Asia makes the role of the Association for Southeast Asian Nations (ASEAN) in the Indo-Pacific essential. Because it needs export-oriented foreign direct investment inflows from ASEAN non-member states, ASEAN applies an 'open regionalism principle'. As for regional economic integration purposes, ASEAN adopts economic convergence as a sufficient condition for open economic integration. The combination of open and convergence principles is reflected in the ASEAN Community Vision 2025. ASEAN trade and investment integration require the manufacturing sector to be a vital sector. Amidst the Fourth Industrial Revolution, ASEAN must also strongly connect with the digitaleconomy
Original languageEnglish
Title of host publicationRegional Integration in Indo-Pacific: Connectivity, Cooperation, and New Supply-Chain Linkages
PublisherEconomic Research Institute for ASEAN and East Asia (ERIA)
Chapter7
Pages108-123
Publication statusPublished - Mar 2023

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