Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(6)

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia

In this research, largely relied upon the papers from 'Achieving the ASEAN Economic Community 2015: Challenges for Member Countries & Businesses' by the ASEAN Studies Centre of the Institute of Southeast Asian Studies in Singapore and other publications of the ASEAN Secretariat in Indonesia, I will discuss the perception and response of two distinguishing economies in the region, Singapore and Indonesia to the formation of the AEC.

Singapore, the most advanced economy and Indonesia, the largest economy has led the ASEAN so far. My argument will move on to potential benefits and drawbacks the two countries may enjoy or suffer by performing SWOT analysis.