Business in Asia Subject : ASEAN 2015 Introduction: The association of Southeast Asian Nations (ASEAN) was established in 1967 as an organization for economic‚ political‚ social and cultural cooperation among its member countries. Its goal includes also protection of regional peace and stability. The original members are: Indonesia‚ Malaysia‚ the Philippines‚ Singapore and Thailand. Now‚ there are 10 memberships: Brunei‚ Myanmar‚ Cambodia‚ Laos and Vietnam. ASEAN has a population of approximately
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I. Introduction ASEAN which is the acronym for Association of Southeast Asian Nation‚ was established on 8 August‚ 1967 whose member states include: Brunei Darussalam‚ Cambodia‚ Indonesia‚ Lao PDR‚ Malaysia‚ Myanmar‚ Philippines‚ Singapore‚ Thailand and Viet Nam. The aim of ASEAN was to strengthen self-reliance and regional cohesion‚ while emphasizing social‚ cultural and economic cooperation and development. In order to achieve those objectives‚ ASEAN Community 2015 was established and comprised
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EC3373 ASEAN ECONOMICS Vietnam in ASEAN Tutorial Group: W2 (Friday 1-2pm) Han HeChou Aaron A0085883M Introduction “The fastest growing emerging economy by 2050”‚ this is what the Senior Partner of PricewaterhouseCoopers LLP‚ John Hawksworth‚ claims of the potential for the Vietnam’s economy.Vietnam has transformed from a nation plagued with wars in the 1970s‚ to an economy that has posted annual per capita growth of 5.3% since 1986. Vietnam’s economic success started after the implementation
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Benefits of the Asean Economic Community (AEC) * It will open more regional cooperation and will improve the scale efficiencies‚ dynamism and competitiveness of Asean members. AEC will enable easier movement of goods‚ services‚ investment‚ capital and people. Ultimately‚ it will offer new ways of coordinating supply chains‚ or access to new markets for established products. * All Asean countries are more important to foreign investors if they are considered as one node in a larger regional
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Association of South East Asian Nations (ASEAN) was experiencing growing pains. The organization had changed vastly since its inception in 1967‚ when it served as a political bulwark against the Cold War superpowers in order to protect the independence of its founding member states—Indonesia‚ the Philippines‚ Singapore‚ Malaysia‚ and Thailand. By the 1990s‚ ASEAN’s primary mission was to be an engine for regional economic growth. And by the 2000s‚ ASEAN had embraced Brunei‚ Cambodia‚ Laos‚ Myanmar
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The formation of ASEAN was mainly driven by the desire to improve on diplomatic relations between Southeast Asian nations so that they could focus more on nation building efforts. The 1960s was the decade of tumult‚ where Southeast Asian nations faced various external tensions and conflicts from one another. During then‚ it was of utmost importance for SEA nations to improve multilateral diplomatic relations so as to promote peace in the region. This peace would refer to ensuring political stability
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defined generally as foreign exchange transactions conducted by the monetary authorities with the aim of influencing exchange rates. It is the process by which the monetary authorities attempt to influence market conditions and/or the value of the home currency on the foreign exchange market. Intervention usually aims to promote stability by countering disorderly markets‚ or in response to special circumstances. In Japan‚ the Minister of Finance is legally authorized to conduct intervention as a means to
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Opportunities for Travel Industry in ASEAN General Purpose: To inform Specific Purpose: To inform my audience about the some business opportunities for travel industry in ASEAN Central Idea: ASEAN will open up many business opportunities for travel industry including Cruise ship tourism‚ MICE tourism‚ and ecotourism. Introduction: Attention: Welcome. Chào mùng. Selamat Datang. Mabuhay. Sohm Swaakohm. Mingalaba. Yin Dee Tohn Hap. Sawaddee. Welcome everyone to ASEAN community. 900 million people
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Formation of ASEAN Economic Community History ASEAN was preceded by the short-lived ASA (Association of Southeast Asia)‚ founded in 1961 by Thailand‚ Malaysia and the Philippines. These three countries would eventually cooperate with Indonesia and Singapore to draft and sign the Bangkok Resolution on August 8‚ 1967‚ which established ASEAN. The organization expanded when Brunei joined in 1984‚ followed by Vietnam‚ Laos‚ Myanmar and Cambodia in the late 90s. As the organization’s size doubled
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meaningfully deepened in the year 2003 when its members adopted the ambitious goal of forming an ASEAN Economic Community (AEC) by 2015. The event indicates how rapidly approaching the association is into a new milestone. During their annual ASEAN Summit Meeting in November 2007 held in Singapore‚ the blueprint for realizing an ASEAN Economic Community (AEC) by 2015 was adopted and signed by ASEAN Leaders. It is important to have an understanding of the varying stages of their economic development
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