Week 1: ASEAN Community: An Overview

• Introduction to the course


• Historical background (1967-1992)


• Strengths and weakness within ASEAN member countries


• ASEAN Community building


• ASEAN Political-Security Community (APSC)


• ASEAN Economic Community (AEC)


• ASEAN Socio-Cultural Community (ASCC)


• Why an ASEAN is important for investors?


• Conclusions

Sources:

[1] Southeast Asia in Search of an ASEAN community, pp-212.

[2] ASEAN Economic Community. Available online: https://asean.org/asean-economic-community/

[3] Rodolfo C. Severino, 2016, ASEAN Economic Community, pp. 33- 57.

[4] Faris Al-Fadhat, The rise of International Capital, pp. 97-103.

Week 2: The ASEAN Trade Patterns and Transitional Economies

• Theory of protectionism and trade liberalization


• Theory of free trade areas


• Rule of Origin


• ASEAN AFTA (AFTA): Political – Economy approach


• The role and objectives of the ASEAN AFTA


• The Agreement on the Common Effective Preferential Tariff ( CEPT) in 1992


• ASEAN plus three (APT)


• ASEAN–Australia–New Zealand Free Trade Area


• Trade Facilitation Synergies between WTO and ASEAN


• Conclusion

Sources:

[1] Southeast Asia in Search of an ASEAN community, pp.222-255.

[2] Rodolfo C. Severino, 2016, ASEAN Economic Community, pp. 67-77

[3] ASEAN Secretariat, 2017, ASEAN Economic Community 2025 Consolidated Strategic Action Plan. ISSN 2335-6677, No.47.

[4] Jose L. Tongzon, 2002, The Economies of Southeast Asia Before and After the Crisis, pp. 181-229 & 126-128.

[5] Kiki Verico, 2017, The future of the ASEAN Economic Integration, pp. 52-62.

[6] Helen E.S., Southeast Asia in the Global Economy, pp. 98-114.

 Week 3: The 1997 Asian Crisis and Its aftermath on the ASEAN conomies

• The causes of the 1997 Asian crisis


• The contagion effects in Asia


• Economic impacts on the ASEAN economies: Inflation, GDP growth, unemployment and standard of living


• The impact of the Asian crisis on ASEAN external economic relations


• Road to Economic Recovery in ASEAN countries after the 1997 Asian crisis


• Conclusion

Sources:

[1] Rodolfo C. Severino, 2016, ASEAN Economic Community, pp. 17-27.

[2] Jose L. Tongzon, 2002, The Economies of Southeast Asia Before and After the Crisis, pp. 155-178.

Week 4: The 2008 Global Financial Crisis: Impact and Response in Southeast Asia

• Origin of financial crisis


• Impact on financial crisis


• Economic recession in Southeast Asia


• ASEAN countries and experience


• Road to economic recovery after the 2008 financial crisis


• Case study: tacking on the global financial crisis in Vietnam


• Conclusion

Source:

[1] Saw Swee- Hock, 2009, Managing Economic Crisis in Southeast Asia, pp.1-95 and 214-246.

Case report #1

Week 5: The Role of Vietnam Economy in ASEAN Community

Special Guest: Associate Professor. Nguyen Thi Phi Nga

Vietnam National University - University of Economics and Business 

Week 6: Rising China, US Influence, and Southeast Asia: Economic and Political Concerns

• US influence in Southeast Asia: Assessing the economic relation


• Trade relations between China and Southeast Asia: Trade agreements and policies


• Recent development and assessing China’s influence in Southeast Asia


• Southeast Asia and trade war betwen the United States and China


• South China Sea disputes


• Diplomacy relations between China and Southeast Asia countries


• Conclusion
  
  
  
  Sources:

[1] Das, Sanchita, 2016, Can the US-ASEAN Connect Initiative Create Stronger US-ASEAN Economic Relations?

[2] Min- Hua Chiang, 2019, China–ASEAN economic relations after establishment of free trade area, pp. 267-290.

[3] ASEAN industries and Challenges from China, pp. 18-38.

[4] Young-Chan Kim, 2016, Chinese Global Production Networks in ASEAN, pp. 1-37.

[5] Stephen and Chery, 2019, China and The ASEAN Economies: Interdependence and Rivalry, PP.381-394

Report #2

Week 7: Foreign Invest Flow in ASEAN Economic Growth

• The role of foreign invest flow (FDI) in ASEAN economic growth


• Determinants of foreign direct investment in ASEAN


• FDI Trends and development in ASEAN 2017-2019


• Southeast Asia’s long-term performance in attracting FDI


• Multinationals enterprises (MNEs) activities and operations in ASEAN


• Benefits and costs


• Managing foreign capital


• FDI by country destination


• Conclusion

Sources:

[1] The ASEAN Secretariat and UNCTAD, ASEAN Investment Report 2017, 2018, 2019.

[2] Kiki Verico, 2017, The future of the ASEAN Economic Integration, pp. 27-46.

[3] Jose L. Tongzon, 2002, The Economies of Southeast Asia Before and After the Crisis, pp. 138-151.

Report #3

Week 8: Southeast Asian countries in Global Production Networks

• The concept of global production networks (GPNs)


• The historical overview of the Southeast Asia’s engagement in global production sharing


• Geographic profile of network trade


• The Impact of China's global production networks in ASEAN


• India's network trade with Southeast Asia


• Factors and mechanisms influencing countries’ participation in GPNs


• Conclusion

Source:

[1] Rodolfo C. Severino, 2016, ASEAN Economic Community, pp. 79-95.

[2] Kunal Sen, 2016, Global Production Networks and Economic Corridors: Can They Be Drivers for South Asia’s Growth and Regional Integration, No.33.

[4] Lili Yan Ing, 2019, Production Networks in Southeast Asia.

[5] Young-Chan Kim (ed.), 2016, Chinese Global Production Networks in ASEAN.

[6] Vilavong, 2016, Global production sharing and trade patterns in ASEAN.

Report # 4

Week 9: The Government Interventions in the Economies of Southeast Asian Countries

                           

Special Guest. Associate Professor. Vinsensio M. Dugis

Department of International Relations, Airlangga University, Indonesia

Week 10: Taiwan's economic Ties with Southeast Asian countries

• Taiwan's "go south" policy and the Mainland China factor


• Taiwan's soft power and public diplomacy in southeast Asia


• Taiwan- ASEAN trade relation


• Why invest in Southeast Asia


• Taiwan’s FDI outflows in ASEAN


• The rise of Tai-shang in ASEAN economic integration


• Taiwan major industries in ASEAN: electronics, machineries, mineral fuels


• Prospects for Taiwan- Southeast Asia relations


• Compare China and Taiwan business in Southeast Asia


• Strategies of China’s expansion and Taiwan’s survival in Southeast Asia


• Conclusion

Sources:

[1] Jing, Bo-jiun, 2016, Taiwan and Southeast Asia: opportunities and constraints of continued engagement, pp. 46-

[2] Zhao Hong, 2011, Taiwan-ASEAN Economic Relations in the Context of East Asian Regional Integration, pp. 39-54.

[3] Ngeow Chow Bing, 2015, Taiwan’ Go South Policy, pp. 96-126.

[4] Tsun-tzu Kristy Hsu, A Review of Taiwan’s Old and New Go South Policy: An Economic Perspective, No. 63.

[5] Alan Hao Yang, Hsin-Huang Michael Hsiao, 2016, Tai-shang (Taiwan Business) in Southeast Asia: Profile and Issues, DOI 10.1007/978-3-319-24232-3-11.

[6] Samuel C.Y. Ku, 2016, Strategies of China’s Expansion and Taiwan’s Survival in Southeast Asia, No.14.

Report #5

Week 11: Small and Medium- Sized Enterprises in ASEAN Economic Community

• The role of small and medium sized enterprises (SMEs) in ASEAN economic community


• Environmental policy and SMEs


• SMEs activities and operation in ASEAN


• Access to market and internationalization


• Country case: SMEs in Thailand


• Conclusion

Sources:

[1] SME Policy Index: ASEAN 2018, Boosting Competitiveness and Inclusive Growth, OECD publishing.

Report # 6

Week 12: Global Value Chain Participation in Southeast Asia

• Introduction to global value chain (GVC)


• Participation and benefits of SMEs in GVCs in Southeast Asia


• What opportunities can GVCs provide SMEs


• Mapping the participation of ASEAN- SMEs in global value chain


• What benefits are SMEs drawing from the GVCs participations


• What is the evidence of SMEs- MNE (multinational enterprises) linkage through GVCs


• Conclusion

Source:

[1] Lopez-Gonzalez, 2015, Global Value Chain Participation in Southeast Asia - Trade and Related Policy Implications, No.71.

[2] Participation and benefits of SMEs in GVCs in Southeast Asia, 2019, OECD publishing.

[1] Lopez Gonzalez, 2017, Mapping the participation of ASEAN- SMEs in global value chain, No. 203, OECD publishing, Paris.

Report # 7

Week 13: Globalization, Industrialization, and Labor Markets in ASEAN countries

• Introduction to the globalization, industrialization, and labor markets


• Industrialization and labor in Malaysia


• Globalization of industrialization and its impact on clothing workers in Myanmar


• Growth and employment in de-industrializing Philippines


• Globalization, industrialization, and labor markets in Vietnam


• Conclusion

Sources:

[1] Chew Soon Beng and Rosalind Chew, 2009, Southeast Asia in the Global Economy, pp. 149-171.

[2] Rodolfo C. Severino, 2016, ASEAN Economic Community, pp. 175- 189.

[3] Rajah Rasiah, 2016, Globalization, Industrialization and Labor Markets in East and South Asia, pp. 57-165.

Report # 8

Week14 : Economic Zones in ASEAN: Development, Players and Contribution

• Introduction to the economic zone development in ASEAN


• Feature and characteristics and key issues of economic zone in ASEAN


• Evolution of economic zones in ASEAN


• Significant of economic zone in ASEAN


• Economic zones as investment facilitation tools in ASEAN


• Growing role of border special economic zone


• Conclusion
  
   

Sources:

[1] The ASEAN Secretariat and UNCTAD, ASEAN Investment Report 2017.

Report # 9

Week 15 : Southeast Asian Regional Policy Network on Education and Skills

• Introduction


• Boosting digital readiness in emerging ASEAN economies


• Current and future skills demand and supply in Cambodia, Indonesia, Malaysia, and Thailand


• Enhancing the curriculum and updating teachers’ skill


• Country-specific challenges in emerging ASEAN countries


• Financing adult education and human resource development


• Building local responsiveness in employment and skills systems in Southeast Asia


• Conclusion

Sources:

[1] Economic Outlook for Southeast Asia, China and India 2020: Rethinking Education for the Digital Era, OECD publishing, pp. 95-144.

[2] Barr and Attrey, Building local responsiveness in employment and skills systems in Southeast Asia, OECD publishing, pp. 6-21.

Report # 10

Week 16 : Dollarization and De-dollarization in Trasitional Economies of Southeast Asia

• Dollarization and de-dollarization in transitional economies of Southeast Asia: an overview


• Dollarization and de-dollarization policy: The case of Vietnam


• Economic growth, monetary policy, and dollarization in Cambodia, Laos, Myanmar and Vietnam (CLMV countries)


• Banking and dollarization: a comparison between CLMV countries


• Conclusion

Sources:

[1] Koji Kubo (ed.), 2017, Dollarization and De-dollarization in Transitional Economies of Southeast Asia.

Report # 11

Week 17: The ASEAN Economy in the Regional Context: Opportunities, Challenges, and Prospects

• Free trade and economic opportunities


• Opportunities arising from regional economic interdependence


• Cost and challenges under ASEAN economic integration


• Key challenges to the outlook


• ASEAN toward 2025


• Conclusion

Sources:

[1] Economic Outlook for Southeast Asia, China and India 2020: Rethinking Education for the Digital Era, OECD publishing, pp. 95-144.

[2] Giovanni Capannelli, 2014, The ASEAN Economy in the Regional Context: Opportunities, Challenges, and Policy Options, No.145.

[3] ASEAN Secretariat, 2017, ASEAN Economic Community 2025 Consolidated Strategic Action Plan. ISSN 2335-6677, No.47.

Report # 12

Week 18:  No Class

Students are responsible for reading materials before class in order to reserve valuable in-class time for practice sharing. All assignments are sent to instructor's email prior to the deadlines. The final grades are determined by 3 parts as following:

1. Attendance: 30%


2. In-class discussion and feedbacks: 10%


3. Case reports: 60%

Note: One group (3-5 students) is required to present one ( or two) case report in term of aspects of ASEAN economies, reading material given by instructor.