Regional Integration Affect on (ASEAN) Association of Southeast Asian Nations

Order Description Regional Integration Affect on (ASEAN) Association of Southeast Asian Nations Introduction about Regional Integration Forms of Regional Integration Free trade area (NAFTA, AELS, CEFTA, MERCOSUR, ASEAN) Economic cooperation Custom union Economic and Monetary Union Total economic in" rel="nofollow">integration. • Research Design: Question: How regional in" rel="nofollow">integration effect the organization members’ GDP growth? • Hypothesis: Regional Integration Agreements ex (ASEAN) connect members physically, in" rel="nofollow">institutionally and among the people. • ASEAN Regional Integration Group: Association of Southeast Asian Nations (VNM, THA, SGP, PHL, MMR, MYS, BRN, & IDN) 1. To promote regional peace and stability through abidin" rel="nofollow">ing respect for justice and the rule of law 2. To accelerate the economic growth, social progress and cultural development in" rel="nofollow">in the region through join" rel="nofollow">int endeavors • 3. ASEAN signed FTAs with Chin" rel="nofollow">ina, Japan, South Korea, India, New Zealand and Australia. • Time Series Model to measure the affect of the agreement on the GDP growth per capita: 1 compare the GDP growth per capita for the members before and after the agreement 2 compare with the region countries that are out of the agreement. • If ASEAN were a sin" rel="nofollow">ingle country, it would already be the seventh-largest economy in" rel="nofollow">in the world, with a combin" rel="nofollow">ined GDP of $2.4 trillion in" rel="nofollow">in 2013. • Dependent Variable: The GDP growth per capita of the region countries. • GDP: US$ 2.395 trillion (2014) and GDP per capita USD 3,832 • Trade: US$ 2.51 trillion (2014) -- Exports = USD 1,271,128 Million; Imports = USD 1,240,388 Million • Foreign Direct Investment (FDI): US$ 122.4 billion (2013) • Gross Domestic Product (GDP) grew by 5.2 percent at US$ 2.4 trillion in" rel="nofollow">in 2013 from 2.3 trillion in" rel="nofollow">in the previous year. • It is projected to rank as the fourth-largest economy by 2050 • (McKin" rel="nofollow">insey & Co. – May 2014).