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The Economics of the Enterprise for ASEAN Initiative

by 

Seiji F. Naya and Michael G. Plummer

Publisher:

Singapore: Institute of Southeast Asian Studies

Available From: Institute of Southeast Asian Studies
Publication Date: 2005
ISBN: 981-230-335-9
Binding: paper
Pages: 442

 

The Enterprise for ASEAN Initiative (EAI), as envisaged in 2002 by the Bush administration, is set to be a landmark in U.S.-ASEAN trade relations. This study provides detailed background, an analytical overview, and a map to the unfolding negotiations. It includes: a qualitative and quantitative review of the U.S.-ASEAN economic relationship, in-depth analysis of policy considerations and stakes in the EAI from both the U.S. and ASEAN member-state perspectives, a survey of the modern theories of free trade areas (FTAs) and empirical testing of the economics of the EAI itself.

Using the U.S.-Singapore FTA as a reference point, this study identifies and highlights the special bilateral issues that will likely be involved in the ongoing EAI FTA negotiations. The EAI is considered in the context of a changing global, Asia-Pacific and sub-regional environment. Finally, the book makes a case for the EAI, focusing on policy motivations—that is, as a defensive strategy for ASEAN and a proactive commercial policy approach of the United States—as well as being a strategic imperative for both.

The Economics of the Enterprise for ASEAN Initiative is intended to inform governmental, and nongovernmental policy-makers, trade analysts, economists, and researchers who need to have a comprehensive guide to this major trade initiative.

© Institute of Southeast Asian Studies