Thursday, April 14, 2022

The establishment of the AEC and its implication for South Korea(5)

The establishment of the AEC and its implication for South Korea


Doubts are cast upon the significant disparity of the social and cultural environment among the member countries. In addition, neither a single currency nor a central decision-making tower as those in the EU could be found. There exists considerable economic gap in the region as well. 


For example, Singapore is acclaimed to be in the rich Northern Hemisphere while Cambodia only records per capita GDP of about 1,000 USD. In this sense, it is no wonder that a tough itinerary is anticipated on the way to the substantial integration of the AEC.

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