ASEAN INTEGRATION TO PHILIPPINE ECONOMY The Association of Southeast Asian (ASEAN) leaders adopted the ASEAN Vision 2020 hoping to strengthen the foundation for a prosperous and peaceful community of Southeast Asian nations while creating a community that lived in shared stability and prosperity. The purpose of establishing an integrated economic community is to accelerate economic growth, enhance trade development in the region, and allow the freer movement of goods, services, skilled labor, and
During ASEAN Summit in Singapore in 1992, ASEAN members agreed to enhance the liberalization of regional trade through AFTA. It is the earliest major regional trade agreement in East Asia and has successfully reduced regional tariffs and non-tariff barriers. It also promotes FDI but this area is mainly dealt with through the ASEAN Investment Area (AIA) which was established in 1998. The main instrument of AFTA is tariff liberalization through Common Effective Preferential Tariff (CEPT). Indira M
AN ESSAY ON U.S. FOREIGN POLICY IN SOUTH EAST ASIA: IMPLICATIONS FOR CURRENT REGIONAL ISSUES INTRODUCTION 1. Southeast Asia is a region with different political regimes that comprised of eleven countries. It has always been of significant geo-strategic importance with its sea frontiers across important sea routes involving the oil rich Indian Ocean region related to the strategically important Asia Pacific region. Southeast Asia is becoming increasingly importance in today’s globalised world both
1.0 Introduction Singapore’s constantly improving infrastructure, skilled workforce, good employee relations, natural connectivity, favourable tax regime, political stability and strong rule of law have all contributed to the country’s competitive advantage. These factors enabled the Singapore economy to grow and develop over the past decades and have contributed to Singapore being Asia’s most competitive economy (Medtech, 2013). Singapore is well developed in its infrastructure and being in a strategic
Indonesia has been independent since 70 years ago but the economy in Indonesia have also improved. Indonesia has three three-era an era where it is led by a different President of the old order led by President Sukarno, the new order regime headed by President Suharto, reformasi era led by President B.J.Habibie, Abdurahman Wahid, Megawati Soekarno Putri, Susilo Bambang Yudhoyono. Based on Constitution of 1945 Indonesia . Indonesia follows the Constitution where economic system as the foundation
The word “Globalization” is somehow very familiar with us who live in this modern era. However, many people are still questioning what is the actual perceptivity of this term. To be sure, globalization does not only affects one aspect of life but it influences many of them. In general, globalization refers to a more interconnected world that caused by the advancement in technology and communication field that has several impacts in the world economy, politics and also culture. Yet, in this essay
“STRENGTHENING and RE-ALIGNING THE MARINDUQUE STATE COLLEGE EXTENSION SERVICES TOWARDS THE ROAD TO ASEAN COMMUNITY” ANA FE N. MOLATO, CoE, MPA ACKNOWLEDGEMENT Foremost, I would like to thank Jesus Christ, our Lord and Savior, for giving the good health, wisdom, strength, support and knowledge in exploring things so I can finish this endeavor. The completion of this Re-Entry Action Plan (REAP) on the extension Agenda of Marinduque State College will not be realized without
I chose Australia due to the amount of positive feedback I have received from relatives who contemplated never returning back to the States after their visiting the land down under. The BBC describes Australia as one of “the best countries to live in comparisons to wealth, education, health and quality of life.” (BBC, 2015) I was not sure if their popularity was due to the positive effects of globalization or if it was because they chose to not extremely globalize like the other countries. Upon
peace in the world, states should agree with each other and should follow and implement what were agreed before. In case of globalism, international security demands more interdependence from states, I mean, by saying this, every violence inside the regional security will influence in international security. International Security is the system of international relations which based on respect for the states of the world for international law and universally
INTERNATIONAL BUSINESS International business is largely defined as business carried out across the globe which involves commercial transactions between two countries or regions. These commercial transactions are undertaken by private companies and governments alike to earn profits. Cross border transactions undertaken by International business have following in common characteristics: • Product presence in different markets globally • Production bases across different countries • Diverse human resource