ASEAN Economic Bulletin Vol. 8/3 (Mar 1992). Special Focus on "ASEAN and the Pacific".

Contents

• Preliminary pages with Preface and Abbreviation

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• ARTICLES
• Introduction, by Mohamed Ariff, Joseph L H Tan, authors
• ASEAN-Pacific Trade Relations, by Mohamed Ariff, Tan Eu Chye, authors see abstract
  ASEAN countries trade linkages with other Asia-Pacific countries are extensive. They not only account for the bulk of ASEAN countries exports and imports but also contribute mast significantly to their expansion. Trade flows between ASEAN and the Pacific also have been affected by policy distortions. For instance, protectionist measures both within and without have tended to impede flows and resource re-allocations. This study attempts to systematically analyze ASEAN-Pacific trade flows, using several standard methodologies. Additionally, it examines various policy issues of relevance to ASEAN-Pacific trade relations.
• Pacific Direct Investment Flows into ASEAN, by Florian A Alburo , C C Bautista, M S H Gochoco, authors see abstract
  This study examines Pacific direct investment flows into ASEAN, whose share in global flows has increased. The sources, sectoral recipients, determinants of and benefits conferred by the flows, and their significance in overall capital formation are discussed. There is evidence to support the hypothesis that FDI has been an important stimulus to overall investment. The study also emphasizes the importance of institutional mechanisms rather than specific incentives in the absorption of FDI.
• ASEAN and Pacific Economic Co-operation, by Tan Kong Yam, Toh Mun Heng, Linda Low, authors see abstract
  This study examines ASEAN involvement in Pacific economic initiatives. After providing a brief overview of past ASEAN economic co-operation efforts, it examines existing trends in direct foreign investment and trade in the Asia-Pacific region, analyses the various regional economic groupings, and highlights the policy implications in the conclusion.
• A New Look at Intra-ASEAN Economic Co-operation, by Mari E Pangestu, Hadi Soesastro, Mubariq Ahmad, authors see abstract
  Progress on intra-ASEAN economic co-operation has been slowed down because of implementation problems and lack of commitment. Calls to take a new look at intra-ASEAN economic co-operation have occurred twice in the last five years. Prior to the Third ASEAN Summit held in Manila in 1987, there was an urgency to seek for a breakthrough in intra-ASEAN economic co-operation as a response to the adverse effects of the world recession on the ASEAN economies. However, by 1987, all the ASEAN economies had recovered, which led to the waning of urgency to push .for intra-ASEAN economic co-operation. Then in 1990, there were calls to introduce new and bold initiatives to intra-ASEAN economic co-operation, once again with little concrete results. The case for taking a new look at intra-ASEAN economic co-operation rests on the assessment that it is imperative, feasible and desirable to do so.
• ASEAN Economies: Macro-Economic Perspective, by Rachain Chintayarangsan, Nattapong Thongpakde, Pruttipohn Nakornchai, authors see abstract
  The 1980s were characterized by unexpected events. The 1990s outlook is no more certain. Despite the turbulence of the 1980s, ASEAN countries managed to persevere through hard times and re-emerged as stronger and more competitive economies with performances notably better than other developing countries. The objectives of this article are (1) to investigate the macro-economic and structural adjustment policies and analyse their effects on economic performance in each ASEAN country, except Brunei, during the 198090 period; and (2) to draw policy lessons from the analysis giving special attention to monetary, fiscal, exchange rate and structural adjustment policies.
• DOCUMENTATION
• DOCUMENTATION: Singapore Declaration of 1992 at the 4th ASEAN Summit, Singapore, 27-28 January 1992.

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• DOCUMENTATION: Framework Agreement on Enhancing ASEAN Economic Cooperation

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• DOCUMENTATION: Agreement on the Common Effective Preferential Tariff (CEPT) Scheme for the ASEAN Free Trade Area (AFTA)

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• Conferences, Workshops and Seminars

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