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

Comparative Study on the Perception and Response of Singapore and Indonesia

On top of that, larger local firms such as traditional family businesses are also deeming the AEC as a valuable chance for their new source of growth engines. Nevertheless, overall perception and response of Indonesia is assessed still lagging behind those of Singapore. 

This could explain why governmental attention and consideration for non-major players in the business sector including SMEs would be top priority for Indonesia to pave the way to the AEC. 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.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(43)

Comparative Study on the Perception and Response of Singapore and Indonesia

Nevertheless, overall perception and response of Indonesia is assessed still lagging behind those of Singapore. This could explain why governmental attention and consideration for non-major players in the business sector including SMEs would be top priority for Indonesia to pave the way to the AEC. 

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.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(16)

Comparative Study on the Perception and Response of Singapore and Indonesia

Though all the ASEAN members have been closely related with each other over history, each country shows different interests in the era of the AEC. This is mainly because 10 countries aren't in an identical economic situation. 

Components of a national economy such as natural resource reserves, labor force abundancy, industrial structure and infrastructure condition are all dissimilar, more or less. This disparity inevitably results in economic gap among the ASEAN members.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(16)

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

Components of a national economy such as natural resource reserves, labor force abundancy, industrial structure and infrastructure condition are all dissimilar, more or less. This disparity inevitably results in economic gap among the ASEAN members. 

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. 

Japan's move to preserve geographical brands(1)

Japan’s move to preserve geographical brands in China and its implication to Korea

As the wave of globalization is getting bigger and bigger, national economies also impact to each other more frequently. Thus, snowballing international disputes are reported here and there in the international stage. 

This is no exception in Northeast Asia. In fact, growing number of cross-border conflicts have been observed in this region. It is mainly because Japan, Korea and China have not only cooperative partnership but also competitive relationship.

Japan's move to protect geographical brands(1)

Japan’s move to protect geographical brands in China and its implication to Korea

As the wave of globalization is getting bigger and bigger, national economies also impact to each other more frequently. Thus, snowballing international disputes are reported here and there in the international stage. 

This is no exception in Northeast Asia. In fact, growing number of cross-border conflicts have been observed in this region. It is mainly because Japan, Korea and China have not only cooperative partnership but also competitive relationship. 

Troubles are widely found in both private and public sectors. Especially, cases regarding the intellectual property rights are often being heard recently. This is no wonder in a time when the significance of the intangible assets is getting unprecedentedly highlighted as a key source of national competitiveness. 

For example, a company files a suit against its rivals in neighboring countries in charge of severe copyright infringement. A governmental agency is also embarrassed to catch its publications have been openly used in another country without legitimate process of offer and acceptance.