Society and Economy
Volume/Issue:
Volume 37: Issue 2
The integraton by trade and FDI of emerging economies: The ASEAN example
Author:
Anikó Magasházi Corvinus University of Budapest

Search for other papers by Anikó Magasházi in
Current site
Google Scholar
PubMed Close
Pages:
207–223
Online Publication Date:
Jun 2015
Publication Date:
01 Jun 2015
Article Category:
Research Article
DOI:
https://doi.org/10.1556/204.2015.37.2.4
Keywords:
ASEAN; regional integration; FDI; production networks; F13; F15
Restricted access

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.

  • ASEAN (2008): Statistical Yearbook. Jakarta: ASEAN Secretariat.

  • ASEAN (2012): Statistical Yearbook. Jakarta: ASEAN Secretariat.

  • Balassa, B. (1961): The Theory of Economic Integration. Homewood, IL: R. D. Irwin.

  • Das, D. K. (2005): Market-Driven Regionalization in Asia. Global Economy Journal 5, No. 3: Article 2.

  • European Commission (2013) The Economic Impact of the EU–Singapore Free Trade Agreement. Brussels: European Commission’s Directorate-General for Trade.

    • Search Google Scholar
    • Export Citation

  • Haggard, S. (1990): Pathways from the Periphery: The Politics of Growth in the Newly Industrializing Countries. Ithaca and London: Cornell University Press.

    • Search Google Scholar
    • Export Citation

  • Han, T. - Oh, K. - Yoo, I. (2012): From Bamboo Capitalism to Water Lily: LCD Industry in East Asian Countries. Singapore: IACSIT Press.

    • Search Google Scholar
    • Export Citation

  • Jones, D. M. - Smith, M. L. R. (2007a): Making Process, Not Progress: ASEAN and the Evolving East Asian Regional Order. International Security 32, No. 1: 148–184.

    • Search Google Scholar
    • Export Citation

  • Jones, D. M. - Smith, M. L. R. (2007b): Constructing Communities: The Curious Case of East Asian Regionalism. Review of International Studies 33, No. 1: 165–186.

    • Search Google Scholar
    • Export Citation

  • Journal of E-Governance (2012): Asean Single Market and Production Base in 2015. 35(4): 171–174.

  • Kasahara, S. (2004): The Flying Geese Paradigm: A Critical Study of Its Application to East Asia in Regional Development. UNCTAD Discussion Paper No. 169. April.

    • Search Google Scholar
    • Export Citation

  • Li, J. S. (2003): Relation-based versus Rule-based Governance: An Explanation of the East Asian Miracle and Asian Crisis. Review of International Economics 11, No. 4: 651–673.

    • Search Google Scholar
    • Export Citation

  • Masron, T. A. - Yusop, Z. (2012): The ASEAN Investment Area, Other FDI Initiatives, and intra - ASEAN Foreign Direct Investment. Asian-Pacific Economic Literature. Crawford School of Public Policy: The Australian National University and Wiley.

    • Search Google Scholar
    • Export Citation

  • Monetary Authority of Singapore – Economic Policy Group (2010): Macroeconomic Review 9, No. 1.

  • O’Callaghan, B. A. - Uprasen, U. (2012): A Qualitative Analysis of the Impact of the Fifth EU Enlargement on ASEAN. ASEAN Economic Bulletin 29, No. 1: 46–64.

    • Search Google Scholar
    • Export Citation

  • Palánkai T. - Kengyel Á. - Kutasi G. - Benczes I. - Nagy S. Gy. (2011): A globális és regionális integráció gazdaságtana. [The economics of global and regional integration.]. Budapest:Akadémiai Kiadó.

    • Search Google Scholar
    • Export Citation

  • Siah, K. L. - Choong, Ch. K. - Yusop, Z. (2009): AFTA and the Intra-trade Patterns among ASEAN-5 Economies: Trade-enhancing or Trade-inhibiting? International Journal of Economicsand Finance 1, No. 1.

    • Search Google Scholar
    • Export Citation

  • Solferino, R. (2007): The ASEAN Developmental Divide and the Initiative for ASEAN Integration. ASEAN Economic Bulletin 24, No. 1.

  • Stiglitz, J. (2002): Globalization and Its Discontents. New York: W. W. Norton.

  • Szent-Iványi, B. - Vigvári, G. (2012): Spillovers from Foreign Direct Investment in Central and Eastern Europe. Society and Economy 34, No. 1: 51–72.

    • Search Google Scholar
    • Export Citation

  • Volz, U. (2013): ASEAN Financial Integration in the Light of Recent European Experiences. Journal of Southeast Asian Economies 30, No. 2: 124–42.

    • Search Google Scholar
    • Export Citation

  • Wunderlich, J-U. (2007): Regionalism, Globalisation and International Order: Europe and Southeast Asia. Aldershot, Hampshire: Ashgate Publishing Ltd.

    • Search Google Scholar
    • Export Citation

  • Xing, L. (2007): East Asian Regional Integration: From Japan-led “Flying-geese” to China-centred “Bamboo Capitalism”. Aalborg University Center for Comparative Integration Studies WorkingPaper no 3.

    • Search Google Scholar
    • Export Citation

  • Yaquing, Q. (2011): Rules vs Relations, Drinking Coffee and Tea, and a Chinese Approach to Global Governance. Journal of E-Governance 35: 171–174.

    • Search Google Scholar
    • Export Citation

  • WTO (2013): Trade to Remain Subdued in 2013 after Sluggish Growth in 2012 as European Economies Continue to Struggle. Geneva: WTO Press Release 688, 10 April.

    • Search Google Scholar
    • Export Citation
  • Collapse
  • Expand
Cover Society and Economy
Society and Economy
Print ISSN:
1588-9726
Online ISSN:
1588-970X

Editor-in-chief: Balázs SZENT-IVÁNYI

Co-Editors:

  • Péter MARTON (Corvinus University, Budapest)
  • István KÓNYA (Corvinus University, Budapest)
  • László SAJTOS (The University of Auckland)
  • Gábor VIRÁG (University of Toronto)

Associate Editors:

  • Tamás BOKOR (Corvinus University, Budapest)
  • Sándor BOZÓKI (Corvinus University Budapest)
  • Bronwyn HOWELL (Victoria University of Wellington)
  • Hintea CALIN (Babeş-Bolyai University)
  • Christian EWERHART (University of Zürich)
  • Clemens PUPPE (Karlsruhe Institute of Technology)
  • Zsolt DARVAS (Bruegel)
  • Szabina FODOR (Corvinus University Budapest)
  • Sándor GALLAI (Corvinus University Budapest)
  • László GULÁCSI (Óbuda University)
  • Dóra GYŐRFFY (Corvinus University Budapest)
  • György HAJNAL (Corvinus University Budapest)
  • Krisztina KOLOS (Corvinus University Budapest)
  • Alexandra KÖVES (Corvinus University Budapest)
  • Lacina LUBOR (Mendel University in Brno)
  • Péter MEDVEGYEV (Corvinus University Budapest)
  • Miroslava RAJČÁNIOVÁ (Slovak University of Agriculture)
  • Ariel MITEV (Corvinus University Budapest)
  • Éva PERPÉK (Corvinus University Budapest)
  • Petrus H. POTGIETER (University of South Africa)
  • Sergei IZMALKOV (MIT Economics)
  • Anita SZŰCS (Corvinus University Budapest)
  • László TRAUTMANN (Corvinus University Budapest)
  • Trenton G. SMITH (University of Otago)
  • György WALTER (Corvinus University Budapest)
  • Zoltán CSEDŐ (Corvinus University Budapest)
  • Zoltán LŐRINCZI (Ministry of Human Capacities)

Society and Economy
Institute: Corvinus University of Budapest
Address: Fővám tér 8. H-1093 Budapest, Hungary
Phone: (36 1) 482 5406
E-mail: balazs.szentivanyi@uni-corvinus.hu

Indexing and Abstracting Services:

  • CABELLS Journalytics
  • DOAJ
  • International Bibliographies IBZ and IBR
  • International Political Science Abstracts
  • JSTOR
  • SCOPUS
  • RePEc
  • Referativnyi Zhurnal

 

2023  
Scopus  
CiteScore 1.5
CiteScore rank Q2 (Sociology and Political Science)
SNIP 0.496
Scimago  
SJR index 0.243
SJR Q rank Q3

Society and Economy
Publication Model Gold Open Access
Submission Fee none
Article Processing Charge 900 EUR/article with enough waivers
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Sufficient number of full waiver available. Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription Information Gold Open Access

Society and Economy
Language English
Size B5
Year of
Foundation		 1972
Volumes
per Year		 1
Issues
per Year		 4
Founder Budapesti Corvinus Egyetem
Founder's
Address		 H-1093 Budapest, Hungary Fővám tér 8.
Publisher Akadémiai Kiadó
Publisher's
Address		 H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher		 Chief Executive Officer, Akadémiai Kiadó
ISSN 1588-9726 (Print)
ISSN 1588-970X (Online)

Monthly Content Usage

Abstract Views Full Text Views PDF Downloads
Jun 2024 19 0 0
Jul 2024 29 0 0
Aug 2024 33 0 0
Sep 2024 26 0 0
Oct 2024 104 0 0
Nov 2024 54 0 0
Dec 2024 1 0 0