Inauguration of the AEC and Its Impacts on Relation between Singapore and Indonesia(43)

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

What will be the ASEAN like in the time of the AEC? It may be too early to predict the AEC in 10-20 years when the AEC just pulled up its anchor. Even short-term outlook is not an easy thing to challenge as emerging markets with high volatility comprise most parts of the area. 

The question is whether the AEC can evolve itself into something beyond a mere economic agreement body or not. Above all things, doubts are cast upon the considerable economic gap among the member countries.

Why the World Pay Attention to Indonesia(2)

Why the World Pay Attention to Indonesia

Indonesia is being highlighted as the leader of emerging markets recently. Global money and talents have been rushing to Indonesia as its economy has shown a nearly-6%-solid growth on average during 2010-2014. 

A multi-national accounting firm even pictured a rosy outlook that Indonesia will be boasting of the 4th biggest GDP in the world in 2050 followed by China, America and India. As a result of strengthened economic clout, Indonesia has been raising its voice in ASEAN.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(42)

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

Truly speaking, as a backbone of the national economy, Indonesian SMEs have undertaken as much as 59% of the GDP and 97% of the business establishments. What will be the ASEAN like in the time of the AEC? It may be too early to predict the ASEAN in the next 10-20 years when the AEC just pulled up its anchor. 

Even short-term outlook is not an easy thing to challenge as emerging markets with high volatility take up most parts of the region. This could explain why skeptical voices concerning the future of the AEC are ceaselessly echoed. 

The establishment of the AEC and its implication for South Korea(4)

The establishment of the AEC and its implication for South Korea

In fact, meaningful progress was already achieved since more than 70% of the intra-regional trade has been conducted free from any types of tariff. What will be the ASEAN like in the time of the AEC? It may be too early to forecast the AEC in 10~20 years when the AEC just pulled up its anchor. 

Even short-term outlook is not an easy thing to challenge as emerging markets with high volatility consist of most parts of the region. The question is whether the AEC can evolve itself something beyond a regional agreement body. 

The establishment of the AEC and its implication for South Korea(4)

The establishment of the AEC and its implication for South Korea

In fact, meaningful progress was already achieved since more than 70% of the intra-regional trade has been conducted free from any types of tariff. What will be the ASEAN like in the time of the AEC? 

It may be too early to forecast the AEC in 10~20 years when the AEC just pulled up its anchor. Even short-term outlook is not an easy thing to challenge as emerging markets with high volatility consist of most parts of the region. This could explain why negative voices concerning the future of the AEC started to be echoed.

 

The establishment of the AEC and its implication for South Korea(4)

The establishment of the AEC and its implication for South Korea

In fact, meaningful progress was already achieved since more than 70% of the intra-regional trade has been conducted free from any types of tariff. What will be the ASEAN like in the time of the AEC? It may be too early to forecast the AEC in 10~20 years when the AEC just pulled up its anchor. 

Even short-term outlook is not an easy thing to challenge as emerging markets with high volatility consist of most parts of the region. This could explain why negative voices concerning the future of the AEC started to be echoed.

 

The establishment of the AEC and its implication for South Korea(4)

The establishment of the AEC and its implication for South Korea

In fact, meaningful progress was already achieved since more than 70% of the intra-regional trade has been conducted free from any types of tariff. What will be the ASEAN like in the time of the AEC? It may be too early to forecast the AEC in 10~20 years when the AEC just pulled up its anchor. 

Even short-term outlook is not an easy thing to challenge as emerging markets with high volatility consist of most parts of the region. This could explain why negative voices concerning the future of the AEC started to be echoed. The question is whether the AEC can evolve itself something beyond a regional agreement body. 

Why Indonesia?(1)

Why the World Pay Attention to Indonesia

'Biggest island country in the world', 'Country with the largest Muslim population', 'Generate 40% of the total GDP(Gross Domestic Product) in ASEAN(The Association of Southeast Asian Nations)'. All are called to describe Indonesia. 

Truly, the world is paying attention to Indonesia armed with the above top records even hard to get one by other nations. Indonesia is being highlighted as the leader of emerging markets recently. 

Establishment of the AEC and its implication for South Korea(4)

Establishment of the AEC and its implication for South Korea

It may be too early to forecast the AEC in 10~20 years when the AEC just pulled up its anchor. Even short-term outlook is not an easy thing to challenge as emerging markets with high volatility consist of most parts of the region. This could explain why negative voices concerning the future of the AEC started to be echoed. 

The question is whether the AEC can evolve itself something beyond a regional agreement body. 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 can't be found.

Why the World Pay Attention to Indonesia(2)

An Overview of Indonesia 

Indonesia is being highlighted as the leader of emerging markets recently. Global money and talents have been rushing to Indonesia as its economy has shown a nearly-6%-solid growth on average during 2010-2014. A multi-national accounting firm even pictured a rosy outlook that Indonesia will be boasting of the 4th biggest GDP in the world in 2050 followed by China, America and India. 

As a result of strengthened economic clout, Indonesia has been raising its voice in ASEAN. This also seems to be in line with changes in political landscape especially in the wake of the latest presidential election in 2014 from which the first civilian president came to office.

The foundation of the AEC and its implication for South Korea(4)

The foundation of the AEC and its implication for South Korea

What will be the ASEAN like in the time of the AEC? It may be too early to forecast the AEC in 10~20 years when the AEC just pulled up its anchor. Even short-term outlook is not an easy thing to challenge as emerging markets with high volatility consist of most parts of the region. 

This could explain why negative voices concerning the future of the AEC started to be echoed. The question is whether the AEC can evolve itself something beyond a regional agreement body. Doubts are cast upon the significant disparity of the social and cultural environment among the member countries. 

The foundation of the AEC and its implication for South Korea(4)

The foundation of the AEC and its implication for South Korea

Even short-term outlook is not an easy thing to challenge as emerging markets with high volatility consist of most parts of the region. This could explain why negative voices concerning the future of the AEC started to be echoed. The question is whether the AEC can evolve itself something beyond a regional agreement body. 

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 can't be found. There exists considerable economic gap in the region as well. 

Why the World Pay Attention to Indonesia(1)

An Overview of Indonesia 

'Biggest island country in the world', 'Country with the largest Muslim population', 'Generate 40% of the total GDP(Gross Domestic Product) in ASEAN(The Association of Southeast Asian Nations)'.

All are called to describe Indonesia. Truly, the world is paying attention to Indonesia armed with the above top records even hard to get one by other nations.

Indonesia is being highlighted as the leader of emerging markets recently. Global money and talents have been rushing to Indonesia as its economy has shown a nearly-6%-solid growth on average during 2010-2014. 

A multi-national accounting firm even pictured a rosy outlook that Indonesia will be boasting of the 4th biggest GDP in the world in 2050 followed by China, America and India. 

Why Indonesia(1)

An overview of Indonesia

'Biggest island country in the world', 'Country with the largest Muslim population', 'Generate 40% of the total GDP(Gross Domestic Product) in ASEAN(The Association of Southeast Asian Nations)'.

All are called to describe Indonesia. Truly, the world is paying attention to Indonesia armed with the above top records even hard to get one by other nations. This is no exception to me, too. Truly speaking, my third book on Indonesia, 'Why Indonesia' came out against this background.

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Indonesia is being highlighted as the leader of emerging markets recently. Global money and talents have been rushing to Indonesia as its economy has shown a nearly-6%-solid growth on average during 2010-2014. A multi-national accounting firm even pictured a rosy outlook that Indonesia will be boasting of the 4^th biggest GDP in the world in 2050 followed by China, America and India. 

As a result of strengthened economic clout, Indonesia has been raising its voice in ASEAN(The Association of Southeast Asian Nations). This also seems to be in line with changes in political landscape especially in the wake of the latest presidential election in 2014 from which the first civilian president came to office.

Indonesia’s color is not less unique in cultural and social aspect. It is no doubt that Indonesia represents a country of multi-culture and multi-race. As widely known, more than 300 ethnic groups with over 700 languages are observed in the territory. This diversity is no exception in religious point of view. Though Indonesia has been considered as part of Islamic culture where around 85% of the population, some 210 million nationals are reported to be Muslims, religious freedom is preserved and protected under the constitution.