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Article

Open Access

Integration Level for the Association of Southeast Asian Nations (ASEAN) Economic Community

Author(s)

Sylvia Cristina Alvarado Navas

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DOI:10.17265/1537-1506/2016.02.002

Affiliation(s)

Sylvia Cristina Alvarado Navas, food engineer and magister in economic foreign affairs, free lancer, Jakarta, Indonesia.

ABSTRACT

The time has come for the constitution of the Association of Southeast Asian Nations (ASEAN) economic community and many facts have been analyzed regarding this topic. This paper presents the results of the statistical analysis applied to several economic parameters which firstly show how their integration pattern adjusts with a considerable good fitting to the optimum currency area model and to its extended version by Behrens; and secondly how the 10 members of this group are moving at relatively same speed in spite of their differences, that are also inferred for ranging.

KEYWORDS

Association of Southeast Asian Nations (ASEAN), regional integration, ASEAN members’ economic differences and similarities, currency harmonization, optimum currency area (OCA)

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