Thanks Laos, welcome Malaysia

Thanks Laos, welcome Malaysia 

Malaysian Prime Minister Anwar Ibrahim has a vast knowledge of ASEAN, and we hope he can not only conclude the bloc's unfinished business but also create a more solid foundation for the group’s 2045 vision.

<https://www.thejakartapost.com/opinion/2024/10/14/thanks-laos-welcome-malaysia.html>

Advent of the Era of the AEC and Its Impact on Singapore and Indonesia(45)

Comparative Study on the Perception and Response of Singapore and Indonesia

Above all things, doubts are cast upon the massive disparity of the social and cultural environment among the member countries. There exists considerable economic gap in the region, too. 

For instance, Brunei, an oil-producing country was shined with its per capita GDP of 28,240 USD in 2017 while Cambodia, one of the poorest countries in the region only recorded per capita GDP of 1,390 USD during the same period.

Advent of the Era of the AEC and Its Impact on Singapore and Indonesia(8)

Comparative Study on the Perception and Response of Singapore and Indonesia

As widely known, the ASEAN consists of 10 member states. 5 countries including Myanmar, Thailand, Laos, Cambodia and Vietnam are located in the continental ASEAN. Remaining 5 countries, Malaysia, Singapore, Indonesia, Brunei and the Philippines are positioned in the maritime area. 

Since its foundation slightly more than 50 years ago, the ASEAN has evolved into one of the most dynamic regions with speedy economic achievements. 

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(18)

Comparative Study on the Perception and Response of Singapore and Indonesia

For example, in spite of the recent economic boost, CLMV countries (Cambodia, Laos, Myanmar and Vietnam) are estimated to possess only around 5% share of the overall ASEAN GDP (Growth Domestic Product). 

In this regard, this paper primarily concentrates on two countries. They are Singapore and Indonesia in the maritime Southeast Asia. The two countries shouldn't be thought lightly of in any economic point of view in the region.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(2)

Comparative Study on the Perception and Response of Singapore and Indonesia

While Myanmar is still under international criticism for the massacre against its minority group, Indonesians witness social conflicts with controversy over the majority religious party's alleged attempt to exercise influences on the political sector. 

Though the ASEAN members are faced with their own weighty political or diplomatic issues, all countries pay close attention to one regional watershed in common. It is the AEC (ASEAN Economic Community) which marked the 3rd year of its ambitious inauguration 48 years after the establishment of the ASEAN in 1967.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(8)

Comparative Study on the Perception and Response of Singapore and Indonesia

As widely known, the ASEAN consists of 10 member states. 5 countries including Myanmar, Thailand, Laos, Cambodia and Vietnam are located in the continental ASEAN. Remaining 5 countries, Malaysia, Singapore, Indonesia, Brunei and the Philippines are positioned in the maritime area. 

Since its foundation slightly more than 50 years ago, the ASEAN has evolved into one of the most dynamic regions with speedy economic achievements. Experts have pointed out that the ASEAN's remarkable performance has been greatly attributed to its economic cooperation and integration initiatives picking up steam over the last two decades. 

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(7)

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

In the final section, results of comparative examination on the impacts of the AEC on Singapore and Indonesia will be demonstrated. This study will be concluded with brief suggestions especially for the governments of the two countries in hopes of stalwart execution of the AEC in the near future. 

As widely known, the ASEAN consists of 10 member states. 5 countries including Myanmar, Thailand, Laos, Cambodia and Vietnam are located in the continental ASEAN. Remaining 5 countries, Malaysia, Singapore, Indonesia, Brunei and the Philippines are positioned in the maritime area.