Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(41)

Comparative Study on the Perception and Response of Singapore and Indonesia

Besides, awareness of the importance of the AEC is not only high in the corporate sector but also considerably widespread among the general public in Singapore. This phenomenon may be associated with the unparalleled development history of the Singaporean economy in Southeast Asia. 

Actually, Singapore has been spotlighted much to reap the biggest pie of the AEC as the United States has benefited the most in the time of the NAFTA. Needless to say, Indonesia hasn't been sitting idle.

The establishment of the AEC and its implication for South Korea(12)

The establishment of the AEC and its implication for South Korea

Worries are prevailing that South Korea is way behind not only the running Japan but also the flying China. Other major players including Australia, America and the North Europe don’t sit idle as well. 

Prediction is that the ASEAN may play a crucial role of the last resort to save South Korea suffering from chronic weak growth. Needless to say, systematic and long-term approach is desperately needed in the unprecedented era of the AEC.