Wednesday, March 6, 2024

Inauguration of the AEC and Its Impacts on Relation between Singapore and Indonesia(17)

Comparative Research on Relationship of Singapore and Indonesia in the AEC Aspect


According to the IMF (International Monetary Fund), Singapore has been acclaimed the most advance country with per capita GDP of 61,800 USD in 2017. In particular, Singapore is leading the region this year as it chairs the ASEAN summit and subsequent summits. 


In contrast with Singapore, Indonesia is ranked the first place in terms of the economic size. Data from the ASEAN Secretariat conveys that Indonesia has occupied as much as 40% of the regional GDP and has consistently beefed up its political clout across Southeast Asia.

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