The integraton by trade and FDI of emerging economies: The ASEAN example

Anikó Magasházi ()
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Anikó Magasházi: International Relations Multidisciplinary Doctoral School, Corvinus University of Budapest

Society and Economy, 2015, vol. 37, issue 2, 207-223

Abstract: The paper investigates the role of regionalization and regional identity in the endeavours of emerging economies to connect successfully to the global world economy. It addresses the question of whether the Association of Southeast Asian Nations (ASEAN), with its loose institutional integration framework, has contributed to the global integration of its very heterogenous members in the first decade of the 21st century — and, if so, what are the drivers behind this. The paper summarizes connecting theories, using a multidisciplinary approach, and uses descriptive statistical analysis to identify the achievements of the ASEAN-6 countries within global trade and foreign direct invesment (FDI) flows in the given time period. We suggest that ASEAN countries, with their efforts to initiate interconnecting regional organizations in Asia, most specifically the ASEAN+3 (APT) construction, did contribute to greater integratedness of member countries; and they have created a regional image with a common market and production base. Such achievements, however, can be in great part attributed to the micro-level activities of international and regional firms wishing to establish cross-border production networks in these countries.

Keywords: ASEAN; regional integration; FDI; production networks (search for similar items in EconPapers)
JEL-codes: F13 F15 (search for similar items in EconPapers)
Date: 2015
Note: The research was supported by the European Union and the State of Hungary, co-financed by the European Social Fund within the framework of TÁMOP-4.2.4.A/2-11/1-2012-0001 ‘National Program of Excellence’-convergence program for the elaboration and execution of a national personal support system for students and researchers. The project is implemented with the support of the European Union and co-financed by the European Social Fund.
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