Regional Integration - Asean

In: Business and Management

Submitted By jasonsieiro
Words 1631
Pages 7
Executive Summary
One of recently formed regional groups was the ASEAN (Association of SouthEast Asian Nations) that comprises of 10 nations together. Together they are performing an important part in the global economy. With their increasing growth and continued togetherness the ASEAN’s presence is being recognized on the world map. East Asia is proving to be one of the world’s highly dynamic and fastest growing regions.
These export driven economies are vast and hence required to develop an understanding of their model of business operation.
My report gives information on the history on formation and emphasizes on the trading and integration between these ten economies that are members that forms the ASEAN to bring about a common platform in terms of fields like trading, manufacturing, finance and so on.
The purpose of the report is to evaluate ASEAN’s formation and to view the possible favorable and unfavorable conditions. The different factors, the benefits of the integration and its limitations are described in the report below.
With respect to my findings and details in the report through different sources on the internet, I feel that the formation ASEAN has benefited these countries and in turn helped them to make their mark in the global market place that is day by day becoming cost oriented.
A regional integration is a method where in different states put into place an agreement to help develop cooperation through regional rules and institutions. The aim of the agreement could be economical, political or environmental wherein mostly the aim is a political one. A regional integration could be either through a supernatural establishment or an intergovernmental decision making or could also be a combination of both.
ASEAN as the name stands is the Association of South-East Asian Countries. It was formed on the 8th August 1967 in Bangkok,…...

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