§16§§This book is an introduction to the ASEAN Economic Community (AEC), the economic community founded by Southeast Asian nations. It provides both economic profiles of the member nations and an explanation of the Community itself. This book also discusses the impact of China on the AEC. The book is a starting point for research into the region or into any member country, whether for academic or for business purposes. With over 170 tables and figures as well as an abundance of historical facts, the book offers data-based insights.§ §04§1. Southeast Asia and the AEC, an Introduction.- 2. The Philippines.- 3. The Vietnamese Economy at the Crossroads.- 4. Thailand.- 5. Malaysia: Trade, Foreign Direct Investment and Regional Integration.- 6. Singapore: Working Towards Prosperity.- 7. Indonesia: Choosing between the Privileged and Prosperity.- 8. Brunei Darussalam, a Country Profile.- 9. Cambodia: Growth with a Red Flag.- 10. Laos in Need of Bolder Reforms for AEC Integration.- 11. Myanmar: On a Bumpy Road of Transition.- 12. China and the ASEAN Economies: Interdependence and Rivalry.- 13. ASEAN's Economic Community: ASEAN Way or Beijing's Way?.- 14. Conclusion: The ASEAN Economic Community. §02§§ Roderick Macdonald is Professor of Management and Technology at the École des sciences de la gestion, Université du Québec à Montréal, Canada. He has published books and articles on business strategy in new industries, fundamental economic notions used in business and moral analysis in management. His previous books with Palgrave Macmillan are Genesis of the Financial Crisis and Eurocritical: A Crisis of the Euro Currency. § §04§atural resourcesInability to escape the middle-income trapSerious income distribution problemsEconomic FreedomCompliance with AEC InstitutionsConclusion on Thailand and the AEC5. Malaysia: Trade, Foreign Direct Investment and Regional IntegrationIntroductionHistorical and Developmental SnapshotsChanging Trade Posture and Investment DynamicsShifting Focus of Industrial PolicyGrowing Regional ConnectionsGlobal Track RecordConcluding Remarks6. Singapore: Working Towards ProsperityOverview of The EconomyThe Founding MythA History of GrowthThe Twentieth Century: From Policy to ResultsHuman Capital (Resource) DevelopmentThe Twenty-First Century: New HorizonsA New Growth MarketAn Attempt to Develop Regional TradeThe Region and Changing Investment Patterns In The 21st CenturyConclusion7. Indonesia: Choosing between the Privileged and ProsperityEconomic OverviewOrganization of the Economy Of IndonesiaThe Governments of Indonesia since IndependenceThe Impact of Islam On Indonesian PoliticsC §04§onclusionPart II: Four Smaller Economies8. Brunei Darussalam, a Country ProfileIntroductionSocio-Political Overview of BruneiEconomic Overview of BruneiNational Development Policies of BruneiBenefits of Regional IntegrationHarmonization of Policies, Standards and RegulationsReformation of Domestic Policies to Improve the Business EnvironmentIncreased Inflows of FDIWay Forward for Brunei9. Cambodia: Growth with a Red FlagIntroductionThe Economy in the Twentieth CenturyEconomic PerformanceTalent, Human Capital, and WagesSources of Future GrowthEconomic Priorities and International FundingHard and Soft Infrastructure for BusinessConclusions10. Laos in Need of Bolder Reforms for AEC IntegrationIntroductionRecent Developments in Economic IntegrationFrom ASEAN to the ASEAN Economic CommunityRegional Connectivity to Overcome Landlocked StatusA
