Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(25)

Comparative Study on the Perception and Response of Singapore and Indonesia

As shortly mentioned at the introductory part, the ASEAN Studies Centre of the Institute of Southeast Asian Studies in Singapore came up with a book titled 'Achieving the ASEAN Economic Community 2015: Challenges for Member Countries & Businesses' in 2012.

According to the foreword of the book, papers compiled in the volume were presented during the ASEAN Roundtable on 29 April 2010 and a brainstorming session on 23 September 2010. 

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(26)

Comparative Study on the Perception and Response of Singapore and Indonesia

Relied upon the findings from the papers, SWOT analysis can be further applied for both countries. This is to verify internal strengths and weaknesses, as well as external opportunities and threats of Singapore and Indonesia in the time of the AEC. 

Originating from a strategic planning tool in the business area, SWOT analysis will prove itself handy to demonstrate where Singapore and Indonesia are placed. According to the papers by Juliana Giam (p. 280-281.) and Ong Keng Yong (p. 132-133.), Singapore's major perception of and response to the formation of the AEC can be summarized as below.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(25)

Comparative Study on the Perception and Response of Singapore and Indonesia

In other words, the perception of and response to the formation of the AEC in Singapore and Indonesia are intensively discovered in the papers. Accordingly, perspectives of Singapore and Indonesia can be drawn out respectively. 

The 4 papers are 'Deadline 2015: Assessing Indonesia's Progress towards the AEC' by Hadi Soesastro and Raymond Atje, 'Role of the Singapore Private Sector in ASEAN Economic Integration' by Juliana Giam, ASEAN Economic Integration: Perspectives from Singapore' by Ong Keng Yong and 'Perspective of the Indonesian Business Sector on the Regional Integration Process' by Widdi Mugijayani and Pratiwi Kartika.