A proposed international free trade agreement among ten member countries of the ASEAN (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam) and six Asia-Pacific countries with whom ASEAN has existing free trade agreements (Australia, China, India, Japan, New Zealand, and the Republic of Korea).
Published in Chapter:
Globalization: Reshaping the World Economy in the 21st Century
Copyright: © 2020
|Pages: 24
DOI: 10.4018/978-1-7998-1730-7.ch001
Abstract
The chapter focuses on contemporary globalization and emerging regional cooperation initiatives in the context of economic development. The authors analyze the trends of the current globalization (new protectionism) and conflicts/contradictions between various forces involved in global economic integration. The chapter also investigates the trends, status, issues, and impacts of the de-linking project of the South initiatives (which can be seen in the forms of various regional blocks). It also provides a comprehensive treatment of the subject and recommends new perspectives on the potential developmental effects of regional cooperation and the implications of regional integration for global economic development.