Advent of the Era of the AEC and Its Impact on Singapore and Indonesia(41)

Comparative Study on the Perception and Response of Singapore and Indonesia

This phenomenon may be associated with the unparalleled development history of the Singaporean economy in Southeast Asia. Actually, Singapore has been spotlighted much to reap the biggest pie of the AEC as the United States has benefited the most in the time of the NAFTA. 

Needless to say, Indonesia hasn't been sitting idle. As the largest market in the region, Indonesia has braced for this budding economic environment in its own way.