Australia's Foreign Economic Policy and ASEAN


Book Description

In this book, Jiro Okamoto explores the development of Australia's foreign economic policy towards ASEAN. He examines in detail decisive factors such as changes in the international and regional environment and the replacement of a dominant policy coalition with another in Australia's domestic policy process. His analysis shows that the shifts in Australia's ASEAN policy have not only closely reflected changes in Australia's overall foreign economic policy orientation, but that Australia's ASEAN policy strongly drove the change at key junctures. His work also offers important insights into the prospect of an "inclusive" economic integration process in East Asia. Although Australia's foreign economic policy has been an important element in regional economic cooperation, its inclusion in the East Asian integration process still remains ambiguous.




Why ASEAN and why Now


Book Description




Brick by Brick


Book Description

Against the backdrop of significant developments in regional economic cooperation and integration over the past decade, this book presents some of the key challenges facing ASEAN as it embarks on a bold and ambitious project to establish an ASEAN Economic Community by 2015. Organized under the auspices of the ASEAN-Australia Development Cooperation Program's Regional Economic Policy Support Facility, the book brings together authoritative studies written by prominent experts and academics on issues pertaining to ASEAN economic integration.




ASEAN Centrality and the ASEAN-US Economic Relationship


Book Description

The Association of Southeast Asian Nations (ASEAN) is strategically significant because of its size, dynamism, and role in the Asian economic and security architectures. This paper examines how ASEAN seeks to strengthen these assets through "centrality" in intraregional and external policy decisions. It recommends a two-speed approach toward centrality in order to maximize regional incomes and benefit all member economies: first, selective engagement by ASEAN members in productive external partnerships and, second, vigorous policies to share gains across the region. This strategy has solid underpinnings in the Kemp-Wan theorem on trade agreements. It would warrant, for example, a Trans-Pacific Partnership (TPP) agreement with incomplete ASEAN membership, complemented with policies to extend gains across the region. The United States could support this framework by pursuing deep relations with some ASEAN members, while broadly assisting the region's development.




Australian Foreign Policy


Book Description

Paperback edition of an introductory survey designed for tertiary students of politics, international relations, history and economics. Addresses domestic interests and processes that shape foreign policy and also global, regional and bilateral issues. Includes references and index. The contributors are academics in fields such as history, political science and international studies. The editor is an associate professor in the School of Political Science at the University of NSW. His other publications include 'Australia in a Changing World'.




The Australia-ASEAN Dialogue


Book Description

This book examines the Australia-ASEAN Dialogue Partnership since its inception in 1974 and looks at the networks of engagement that have shaped relations across three areas: regionalism, non-traditional security, and economic engagement.




The "Free and Open Indo-Pacific" and Implications for ASEAN


Book Description

In recent times, the United States, Japan and Australia have all promoted extremely similar visions of a Free and Open Indo-Pacific as the central organizing concept to guide their efforts in the region. The concept is essentially a reaffirmation of the security and economic rules-based order which was cobbled together after the Second World War — especially as it relates to freedom of the regional and global commons such as sea, air and cyberspace, and the way nations conduct economic relations. Be that as it may, the Free and Open Indo-Pacific is an updated vision of collective action to defend, strengthen and advance that order. It signals a greater acceptance by the two regional allies of the U.S. of their security burden and takes into account the realities of China’s rise and the relative decline in dominance of the U.S. There are a number of noteworthy “updates” which include: • A deliberate move from “Asia-Pacific” to “Indo-Pacific” as the primary geo-strategic and geo-economic area of interest and responsibility for the three countries; • An increased emphasis on creating and sustaining a “balance of power” in favour of the rules-based order; and • A greater emphasis on the liberal aspects of a preferred order including the importance of rule-of-law and limitations on how governments wield their power, and greater separation of political and strategic objectives on one hand with commercial activities on the other. While operationalization of the Free and Open Indo-Pacific concept is at an early stage, trilateral strategic cooperation between the U.S., Japan and Australia is significant and quickly deepening. On the other hand, and with respect to misalignment and inconsistency, the economic policies of the Trump administration are causing considerable frustration. The three countries have also been strong supporters for the revival of the Quadrilateral grouping which also includes India. However, and notwithstanding some apprehension in Southeast Asia, about where the “Quad” is heading, the latter grouping is only still a fledgling one and its shape and development will depend on the extent to which the four countries become concerned about China’s activities in both Oceans. Finally, the Association of Southeast Asian Nations (ASEAN) and its member states continue to delay any definitive response to the Free and Open Indo-Pacific concept. Although its principles are attractive to many ASEAN member states, long-held conceptions of ASEAN centrality and its meaning gives the organization apparent reason for hesitation. The reasons include fears of diminished centrality and relevance, and reluctance to endorse a more confrontational mindset being adopted by the U.S. and its allies — including the revival of the Quadrilateral grouping with India — with respect to China. The reality is that while ASEAN and major member states are focused primarily on the risks of action, there are considerable risks of inaction and hesitation. The current era will either enhance or lessen the relevance of ASEAN in the eyes of these three countries in the years ahead depending on how the organisation and its key member states respond. Indeed, the paper argues that ASEAN is more likely to be left behind by strategic events and developments if it remains passive, and that the ball is in ASEAN’s court in terms of the future of its regional “centrality”.




Engaging the neighbours


Book Description

From modest beginnings in 1967, the Association of Southeast Asian Nations (ASEAN) has become the premier regional institution in Southeast Asia. The 10 members are pursuing cooperation to develop the ‘ASEAN Community’ and also sponsor wider dialogues that involve the major powers. Australia has been interested in ASEAN since its inauguration and was the first country to establish a multilateral link with the Association, in 1974. Australia and ASEAN have subsequently engaged and cooperated on many issues of mutual concern, including efforts to secure an agreement to resolve the Cambodia conflict (signed in 1991), the initiation of the Asia-Pacific Economic Cooperation grouping (1989) and the ASEAN Regional Forum (1994), the conclusion of the ASEAN–Australia–New Zealand Free Trade Agreement (signed in 2008) and the development of the East Asia Summit (from 2005). This book provides the first available detailed history of the evolution of Australia’s interactions with ASEAN. It assesses the origins and phases of development of Australia’s relations with ASEAN; the role ASEAN has played in Australian foreign policy since the 1970s; the ways in which the two sides have collaborated, and at times disagreed, in the pursuit of regional stability and security; and the key factors that will influence the relationship as it moves into its fifth decade.







Outward Foreign Direct Investment in ASEAN


Book Description

The level of outward foreign direct investment (OFDI) flows from ASEAN countries has increased rapidly in past two decades. This book examines OFDI trends and patterns in the ASEAN region including the impact of the ASEAN Economic Community. It also provides analyses of country policies affecting OFDI and the drivers of OFDI in Indonesia, Malaysia, Singapore and Vietnam. Myanmar is studied as an investment frontier for other ASEAN countries. span, SPAN { background-color:inherit; text-decoration:inherit; white-space:pre-wrap } “The dynamic economies of Southeast Asia have historically been very large recipients of foreign direct investment (FDI). As global capital markets have opened up, and these economies have developed their technological and commercial capabilities, in more recent years Southeast Asia has emerged as a significant source of outward FDI both within the region and beyond. This important volume, by a group of leading regional scholars, offers a timely, comprehensive, accessible and authoritative analysis of this phenomenon.” -- Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, Arndt-Corden Department of Economics, Crawford School of Public Policy, Australian National University “A timely, rich and comprehensive study filling a major gap in the literature on the increasingly important phenomenon of foreign investment flowing out from regions including developing and middle-income countries.” -- Luke Nottage, Professor of Comparative and Transnational Business Law; Associate Director, Centre for Asian and Pacific Law at the University of Sydney