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Kiyoshi Kobayashi - Economic Integration and Regional Development: The ASEAN Economic Community

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Kiyoshi Kobayashi Economic Integration and Regional Development: The ASEAN Economic Community

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With a combined population larger than that of the EU or NAFTA, economic integration of the ASEAN states will have a massive impact on both the Asian and global economies. This book examines the ASEAN Economic Community (AEC) and its opportunities and challenges. It looks at the impacts of economic integration, trade structure and economic interlinkage among these countries through case studies. The book also utilizes theories to further examine areas such as trade, cross-border infrastructure, border management, and the regional development in terms of trade liberalization and foreign labor.

This book also provides insight and analysis to developing policies for ASEAN Connectivity. Given the challenges faced and huge potential impacts of the AECs cross-border project, this book will be of interest to policy makers, business leaders and researchers in the ASEAN region and throughout the world.

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Economic Integration and Regional Development

With a combined population larger than that of the EU or NAFTA, economic integration of the ASEAN states will have a massive impact on both the Asian and global economies. This book examines the ASEAN Economic Community (AEC) and its opportunities and challenges. It looks at the impacts of economic integration, trade structure and economic interlinkage among these countries through case studies. The book also utilizes theories to further examine areas such as trade, cross-border infrastructure, border management, and the regional development in terms of trade liberalization and foreign labor.

This book also provides insight and analysis to developing policies for ASEAN Connectivity. Given the challenges faced and huge potential impacts of the AECs cross-border project, this book will be of interest to policy makers, business leaders and researchers in the ASEAN region and throughout the world.

Kiyoshi Kobayashi is Professor, Graduate School of Management and Professor, Department of Urban Management, Graduate School of Engineering, Kyoto University, Japan.

Khairuddin Abdul Rashid is Head, Procurement and Project Delivery Systems Research Unit and Professor, Kulliyyah of Architecture and Environmental Design, International Islamic University Malaysia.

Masahiko Furuichi is Professor, Graduate School of Management, Kyoto University, Japan.

William P. Anderson (Bill) is Director and Professor, The Cross-Border Institute, University of Windsor, Canada.

Routledge Studies in the Modern World Economy
For a full list of titles in this series, please visit www.routledge.com/series/SE0432

162Information Efficiency and Anomalies in Asian Equity Markets

Theories and evidence

Edited by Qaiser Munir and Sook Ching Kok

163Agricultural Growth, Productivity and Regional Change in India

Challenges of globalisation, liberalisation and food insecurity

Surendra Singh and Prem Chhetri

164The Political Economy of Special Economic Zones

Concentrating Economic Development

Lotta Moberg

165Varieties of Capitalism in History, Transition and Emergence

New perspectives on institutional development

Martha Prevezer

166Human Evolution, Economic Progress and Evolutionary Failure

Bhanoji Rao

167Achieving Food Security in China

The Challenges Ahead

Zhang-Yue Zhou

168Inequality in Capitalist Societies

Surender S. Jodhka, Boike Rehbein and Jess Souza

169Financial Reform in China

The Way from Extraction to Inclusion

Changwen Zhao and Hongming Zhu

170Economic Integration and Regional Development

The ASEAN Economic Community

Edited by Kiyoshi Kobayashi, Khairuddin Abdul Rashid, Masahiko Furuichi and William P. Anderson

Economic Integration and Regional Development
The ASEAN Economic Community

Edited by Kiyoshi Kobayashi, Khairuddin Abdul Rashid, Masahiko Furuichi and William P. Anderson

First published 2018 by Routledge 2 Park Square Milton Park Abingdon Oxon - photo 2

First published 2018
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN

and by Routledge
711 Third Avenue, New York, NY 10017

Routledge is an imprint of the Taylor & Francis Group, an informa business

2018 selection and editorial matter, Kiyoshi Kobayashi, Khairuddin Abdul Rashid, Masahiko Furuichi and William P. Anderson; individual chapters, the contributors

The right of Kiyoshi Kobayashi, Khairuddin Abdul Rashid, Masahiko Furuichi and William P. Anderson to be identified as the authors of the editorial material, and of the authors for their individual chapters, has been asserted in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988.

All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.

Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.

British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library

Library of Congress Cataloging-in-Publication Data

Names: Kobayashi, Kiyoshi, editor. | Rashid, Khairuddin Abdul, editor. | Furuichi, Masahiko, editor.

Title: Economic integration and regional development : the ASEAN economic community / edited Kiyoshi Kobayashi, Khairuddin Abdul Rashid, Masahiko Furuichi and William P. Anderson.

Description: First Edition. | New York : Routledge, 2017. | Series: Routledge studies in the modern world economy ; 170 | Includes bibliographical references and index.

Identifiers: LCCN 2017009510 | ISBN 9781138688056 (hardback) | ISBN 9781315534053 (ebook)

Subjects: LCSH: Southeast AsiaEconomic integration. | Southeast AsiaSocial conditions. | RegionalismSoutheast Asia21st century. | Southeast AsiaPolitics and government1945

Classification: LCC HC441 .E266 2017 | DDC 337.1/59dc23

LC record available at https://lccn.loc.gov/2017009510

ISBN: 978-1-138-68805-6 (hbk)
ISBN: 978-1-315-53405-3 (ebk)

Typeset in Galliard
by Apex CoVantage, LLC

This book is dedicated to the late Professor Cayetano Paderanga Jr. in memory of his vast contribution to the field of economic development and planning, research and education. May his soul rest in peace.

Contents

KIYOSHI KOBAYASHI, KHAIRUDDIN ABDUL RASHID, WILLIAM P. ANDERSON AND MASAHIKO FURUICHI

Part I
Regional development of ASEAN from a broad perspective

KOJI SAKANE AND JICA STUDY TEAM ON ASEAN 2025 REPORT

JAMES LYNCH, ALFREDO PERDIGUERO AND JASON RUSH

GAUTAM RAY

Part II
Institutional framework to enhance the connectivity

WILLIAM P. ANDERSON

KHAIRUDDIN ABDUL RASHID

HUA SONG

Part III
Infrastructure development for business location

JUN NAKABAYASHI

JITTICHAI RUDJANAKANOKNAD AND CHANIKAN VONGSMAENTHEP

DAMING XU, KIYOSHI KOBAYASHI, KAKUYA MATSUSHIMA, SHARINA FARIHAH HASAN AND SHUNSUKE SEGI

Part IV
Developing maritime transport networks

MASAHIKO FURUICHI, KEN KUMAZAWA AND TATSUYUKI SHISHIDO

RYUICHI SHIBASAKI, TAKASHI SHIMADA AND MASARU SUZUKI

SE-IL MUN AND YU MORIMOTO

Part V
Economic analysis of development policies

LARS WESTIN

SATORU KUMAGAI, IKUMO ISONO, KAZUNOBU HAYAKAWA, SOUKNILANH KEOLA AND KENMEI TSUBOTA

HIDEFUMI KANEKO, KWANGMOON KIM, FRANCISCO T. SECRETARIO AND PHETSAMONE SONE

PHOUPHET KYOPHILAVONG, SHINYA TAKAMATSU AND JEONG-SOO OH

As of February 2017

William P. Anderson (Bill) is Director and Professor, The Cross-Border Institute, University of Windsor, Canada.

Masahiko Furuichi is Professor, Graduate School of Management, Kyoto University, Japan.

Sharina Farihah Hasan is Assistant Professor, Kulliyyah of Architecture and Environmental Design, International Islamic University Malaysia.

Kazunobu Hayakawa is Overseas Research Fellow (Singapore), IDE-JETRO, Japan.

Ikumo Isono is Deputy Director, Economic Geography Studies Group, Inter-disciplinary Studies Center, IDE-JETRO, Japan.

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