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ASEAN has been active in the formation of regional trade agreements (RTAs) since the early 1990s. Besides its own integration initiatives like the ASEAN Free Trade Area and the ASEAN Economic Community, ASEAN has also enacted five plus 1 FTAs with China, South Korea, Japan, India and Australia-New Zealand, making ASEAN an FTA hub for broader Asian region. Realizing the challenges of multiple FTAs, a decision was reached in November 2011 to establish a comprehensive RTA, covering the five ASEAN+1 FTAs under the Regional Comprehensive Economic Partnership (RCEP) framework. Another RTA that has attracted lot of attention lately is the Trans-Pacific Partnership (TPP), led by the United States. Despite the similar objective of increasing economic cooperation, the two RTAs differ from each other. RCEP is expected to accommodate the development differences of the member countries, while TPP is said to have a more demanding set of commitments. Both RCEP and TPP are perceived to have strategic roles in the Asia-Pacific region. TPP is a component of the U.S.'s Asian 'pivot' strategy, in reaction to Asia's economic rise and integration efforts. TPP also can be viewed as a consequence of the limited integration progress under APEC. In addition many have argued that TPP is a containment strategy aimed at China. RCEP is expected to reinforce ASEAN 'centrality' in the wider Asia-Pacific regional architecture. The ongoing negotiations for both RCEP and TPP face complex challenges, and are expected to encounter difficulties to conclude

Road to recovery : Singapore's journey through the global crisis -- Contents -- List of Tables -- List of Figures -- List of Boxes -- Foreword -- Acknowledgements -- Abbreviations -- 1. Introduction -- 2. Global Financial and Economic Crisis: Causes, Impact, and Policy Response -- 3. Impact of Global Economic Crisis on Singapore -- 4. Singapore's Policy Responses to the Global Economic Crisis -- 5. Singapore Economic Perspective and Future Policy Directions -- 6. Lessons Learnt -- Appendix I. MAS Monetary Policy Statements -- Appendix II. Key Budget FY2009 Initiatives -- Appendix III. Summary of the ESC Key Recommendations -- Appendix IV. Key Budget FY2010 Initiatives -- References -- Index -- About the Author.

Achieving the ASEAN economic community 2015 : challenges for member countries and businesses -- Contents -- Foreword -- Message -- Preface -- Acknowledgements -- Contributors -- Abbreviations -- 1. Introduction: State of Readiness of ASEAN Economies and Businesses -- 2. ASEAN's Readiness in Achieving the AEC 2015: Prospects and Challenges -- Part I: Challenges for Member Countries -- 3. Achieving the AEC 2015: Challenges for Brunei Darussalam -- 4. Achieving the AEC 2015: Challenges for Cambodia and its Businesses -- 5. AEC 2015, Cambodia, and the Lao PDR: View from the GMS -- 6. Deadline 2015: Assessing Indonesia's Progress towards the AEC -- 7. Towards an Integrated AEC: Where is Malaysia? -- 8. Achieving the AEC 2015: Challenges for the Philippines -- 9. ASEAN Economic Integration: Perspectives from Singapore -- 10. Achieving the AEC 2015: Challenges for Thailand -- 11. Achieving an Efficient AEC by 2015: A Perspective from Vietnam -- Part II: Challenges for the Private Sector -- 12. ASEAN Economic Integration: Challenges to Brunei Businesses -- 13. Perspective of the Indonesian Business Sector on the Regional Integration Process -- 14. Achieving the AEC 2015: Challenges for the Malaysian Private Sector -- 15. Role of the Private Sector in Regional Economic Integration: A View from The Philippines -- 16. Role of the Singapore Private Sector in ASEAN Economic Integration -- 17. Thailand's Perspective on the Role of the Private Sector in the Process of Regional Integration -- 18. The Private Sector's Participation in Regional Integration: A Perspective from Vietnam -- Part III: Conclusion and Recommendations -- 19. Conclusion and Recommendations for an Effective AEC -- Index.

Asia has witnessed a proliferation of free trade agreements (FTAs) since the turn of the millennium. The first regional agreement -- the ASEAN FTA -- was transformed into the ASEAN Economic Community at the end of 2015. In the meantime, ASEAN forged five ASEAN+1 FTAs and began to negotiate a sixteen-member Regional Comprehensive Economic Partnership (RCEP) Agreement. In parallel, the U.S.-led Trans-Pacific Partnership (TPP), supporting U.S. foreign policy of "Pivot to Asia", was broadly agreed in October 2015. The RCEP and the TPP are accompanied by other mega-regional integration processes developing elsewhere in the world, including the Transatlantic Trade and Investment Partnership for the European Union and the United States, and the Pacific Alliance among four Latin American member states. Meanwhile, APEC is also striving to meet its Bogor Goal targets and create a Free Trade Area of the Asia-Pacific. Each of these mega-regionals aims to achieve greater trade and investment liberalization and facilitation and more harmonized trade and investment rules so that all member economies can participate in the global value chain of production. Instead of undermining, these regional exercises can be building blocks for a more liberal global trading system supported by the World Trade Organization.This book ruminates on these regional agreements, their economic and strategic rationales and challenges during negotiations and afterwards. The book brings together eminent scholars and experts to deepen our understanding of the complex nature of the mega-regional trade agreements and their implications. It is useful both for the academic and research community and for policymakers who focus on trade and economic cooperation issues

Logistics development in ASEAN: complex challenges ahead -- FOREWORD -- EXECUTIVE SUMMARY -- Logistics Development in ASEAN: Complex Challenges Ahead -- 1. INTRODUCTION -- 2. KEY DRIVERS OF ASEAN'S LOGISTICS SECTOR -- 3. LOGISTICS DEVELOPMENT IN ASEAN-10 -- 4. FDI LIBERALIZATION AND FACILITATION IN ASEAN INTEGRATION -- 5. CONCLUSION.

The ten Southeast Asian economies reached a milestone on 31 December 2015, when they announced the formation of an ASEAN Community. Although this includes three pillars - ASEAN Political-Security Community, ASEAN Economic Community (AEC) and the ASEAN Socio-Cultural Community - it is the economic pillar that generates immense debate, due to its expected quantifiable benefits to member countries. This book, thus, focuses on the ASEAN Economic Community and seeks to explain the need for building domestic consensus within the member countries. It starts with an overview chapter describing the current achievements of the AEC. It then explores possible explanations for the achievements/non-achievements and offers a hypothesis on conflicting economic interests in a country as one possible explanation for gaps in implementation. This is because any form of economic liberalisation brings with it the winners and losers, thereby raising resistance to liberalization measures and slowing down the implementation process.The book includes six country chapters - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - that examine sources of domestic conflict/s in greater detail and depth. It also includes a regional chapter, co-authored by the ex-Secretary General of ASEAN, Mr Rodolfo Severino, that brings out the political nature of ASEAN economic cooperation since its inception in 1976. For ASEAN beyond 2015, the book articulates the need to obtain a strong domestic consensus that supports the integration initiatives of the AEC. This can be viewed as a way forward to accelerate and deepen integration within ASEAN. The book concludes with some suggestions on how each country can move towards achieving domestic consensus, based on the respective country level analysis

1. Asia and the middle-income trap : an overview / Francis E. Hutchinson and Sanchita Basu Das -- 2. The middle-income trap turns 10 / Indermit Gill and Homi Kharas -- 3. Resilience and escaping development traps : lessons for Asian-Pacific economies / Alla Myrvoda, Malhar Nabar and Changyong Rhee -- 4. Can China rise to high income? / Yiping Huang -- 6. Is Indonesia trapped in the middle? / Haryo Aswicahyono and Hal Hill -- 6. India : escaping low-income traps and averting middle-income ones / Shekhar Shah and Rajesh Chadha -- 7. Institutional quality and growth traps / David Dollar -- 8. Avoiding "tiger" traps : how human capital can propel countries beyond middle-income status in East Asia / Emmanuel Jimenez and Elizabeth M. King -- 9. Escaping the middle-income trap : trade, investment and innovation / Shiro Armstrong and Tom Westland.