Asian Studies Commons^™

Building Skills Now For Asean’S Future, Shoeb Kagda

Asian Management Insights

Upskilling of workers is critical for building a more resilient workforce and future-proofing economic growth. Upskilling has become a buzzword for governments across the region as they gear up to boost economic growth and improve productivity. A confluence of factors such as digitalisation, automation, and artificial intelligence is heralding a new age where these elements have become powerful drivers of economic success. There is enormous potential for Southeast Asia, which is home to the third largest labour force in the world and has a relatively young population, to upskill its workers. Historically a region that has depended on low-skilled manufacturing …

Asean Digital Economy Framework Agreement (Defa): Implications For Digital Trade And Regional Economic Integration, Brice Tseen Fu Lee, Linh Dieu Dinh, Juan Pablo Sims, Salman Ali Bettani

Journal of Strategic and Global Studies

The ASEAN Digital Economy Framework Agreement (DEFA) represents a pivotal initiative in advancing regional digital integration and economic development. This paper explores DEFA's potential impacts on digital trade and regional economic cohesion within ASEAN. By reviewing ASEAN’s official publications and relevant literature, the study evaluates how DEFA aims to address the challenges posed by fragmented digital regulations and infrastructure. The framework's emphasis on harmonizing digital standards and enhancing interoperability is anticipated to facilitate smoother cross-border transactions and reduce regulatory barriers, thereby driving trade and investment in digital services. Economic projections suggest that DEFA could significantly enhance ASEAN’s digital economy, potentially …

A Rose Or A Unicorn? Asean’S Mission Under The Spotlight, Lily Kong

Research Collection School of Social Sciences

In a commentary, SMU President Professor Lily Kong explores the question posed by political scientist Donald Emmerson in 1995 - is Southeast Asia more like a vibrant rose or an elusive unicorn? Against the backdrop of the 44th ASEAN Summit, with the theme "Connectivity and Resilience", Prof Kong highlights ASEAN's efforts in fostering regional connectivity and resilience through economic growth, cultural exchanges, and digital advancements. Despite substantial economic integration and digital connectivity, she points out that ASEAN faces challenges in creating a cohesive regional identity. The piece argues for deeper cultural engagement and a focus on shared values to build …

Catalysing Growth: State Of Asean University Innovation And Entrepreneurship: Report 2024, Abdullah Khurshid, Dexter Ye Kai Tan, Gabrielle Lay Khim Tan

Research Collection Institute of Innovation and Entrepreneurship

Over the past few years, Southeast Asia has captured global attention with its remarkable economic growth, driven by strong tailwinds. This has led to the expansion of its middle-class consumer base that is actively participating in while benefitting from the region’s rapidly expanding digital economy. In such a climate, there is tremendous potential for Innovation and Entrepreneurship (I&E) to be a critical economic driver. Homegrown startups in different Southeast Asian countries have introduced technology-first solutions that have scaled across the region, pushing businesses to innovate rapidly. Moreover, startups promote inclusive growth by leveraging scalable internet platforms and novel technologies to …

The Evolution Of The ‘Trade And …’ ‘Debate’: A View From Asean, Locknie Hsu

Research Collection Yong Pung How School Of Law

This article explores the ‘Trade and …’ ‘Debate’ in the context of trade and environment issues. It provides an explanation of the evolution of discussions of such issues in a non-dispute settlement context, using developments in the Association of Southeast Asian Nations’ integration efforts as illustrations. It also highlights a number of opportunities for trade and environment collaboration in negotiations for free trade agreement and Digital Economy Partnership Agreements.

New Investment Rulemaking In Asia: Between Regionalism And Domestication, Pasha L. Hsieh

Research Collection Yong Pung How School Of Law

The article analyses investment rulemaking in new Asian regionalism in the context of evolving national legislation and regional trade strategies. It argues that the Association of Southeast Asian Nations (ASEAN) and the Regional Comprehensive Economic Partnership (RCEP) represent Asia's pragmatic incrementalism in reforming the investment regime. The process reinforces the relationship between international economic law and domestic investment laws. In tandem with transforming international investment agreements, ASEAN expedited investment and services trade, and established the modern investor–state dispute settlement (ISDS) mechanism. The RCEP further buttresses the ASEAN centrality in regional frameworks by consolidating ASEAN Plus One agreements. Yet, the RCEP's …

Southeast Asia & The Hidden Green Revolution: A Study On Foreign Direct Investment In Eco-Investments In Asean, Ravi Chailertborisuth

Undergraduate Honors Theses

This paper aims to find: To what extent foreign direct investment is fueling the renewable energy transition in ASEAN. The year 1966 saw the founding of ASEAN, the Association for Southeast Asian Nations. The five founding member nations were: Indonesia, Malaysia, Philippines, Singapore, and Thailand. Over time, this group of nations grew to include nations such as: Laos, Cambodia, Vietnam, Brunei, and Myanmar. The IGO (inter-governmental organization) aims to foster “economic, social, cultural, technical, educational and other fields” (ASEAN). The IGO is successful, allowing capital to flow cross-borders with more ease, and encourage economic corporation across all nations. Since …

The Belt And Road Initiative Policy: How Chinese Policy Influences Southeast Asia And South Asia, Chendong Wang

Sustainability and Social Justice

This article would be divided into two main parts. In the first part, this article introduces what is the BRI policy and the history of the BRI policy. The BRI policy is a Chinese strategy and network to connect with Chinese partners and potential partners through economic, political, and cultural three perspectives. In the second part, this article describes the BRI policy development and the response from Chinese neighboring countries which mainly include the Southeast and South Asian Countries. Southeast Asian nations and south Asian nations would first be directly impacted by politics, the economy, and culture. Southeast Asian countries …

Ready For Nuclear Energy?: A Policy Review Of The Philippines’ Nuclear Energy Plan And Participation In The Asean Network Of Regulatory Bodies On Atomic Energy, Julius Cesar Trajano

International Journal of Nuclear Security

Recently, the Philippines has been demonstrating its interest in using nuclear energy, including addressing issues and gaps in its nuclear energy preparations, several of which fall under nuclear security, nuclear emergency preparedness and response, and regulatory capacity. This article argues that the ASEAN member states’ growing regional cooperation in nuclear safety and security, spearheaded by the ASEAN Network of Regulatory Bodies on Atomic Energy (ASEANTOM), can have a strong positive impact on the Philippines’ nuclear energy preparations. ASEANTOM’s regional activities and projects can help the Philippines address some of the current critical gaps and issues in its nuclear energy preparatory …

Mapping Sustainable Development In Investment Treaties: An Analysis Of Asean States' Practice, Mark Mclaughlin

Research Collection Yong Pung How School Of Law

The interaction between sustainable development and international investment treaties is of growing concern. Could investment protection stymie health regulation? Will States be sued for introducing measures to tackle climate change? A growing body of sustainability-related case law is evidence that arbitral tribunals balance investment obligations against States’ ability to regulate for national security, health, the environment, labour rights, transparency, and corporate social responsibility. Against this background, this paper maps sustainable development issues in 371 bilateral investment treaties (hereinafter “BITs”) concluded by the Association of Southeast Asian Nations (ASEAN) States. It finds that only 26% of these treaties make any reference …

Climate Change And Sustainability In Asean Countries, David K. Ding, Sarah E. Beh

Research Collection Lee Kong Chian School Of Business

The ASEAN region is one of the most susceptible regions to climate change, with three of its countries—Myanmar, the Philippines, and Thailand—among those that have suffered the greatest fatalities and economic losses because of climate-related disasters. This paper reveals that the ASEAN’s environmental performance is sorely lagging other regions despite evidence of its cohesive and comprehensive efforts to mitigate emissions and build up adaptive capacity to climate-related disasters. Within the ASEAN, there exist gaps in environmental performance between each country. This suggests that increased cooperation between individual ASEAN countries is pertinent for the region to collectively combat climate change. In …

Cultural Diplomacy And Co-Operation In Asean: The Role Of Arts And Culture Festivals, David Ocon

Research Collection School of Social Sciences

Beyond their traditional role as entertainment, form of expression and meeting spaces within local communities, arts and culture festivals can perform various functions. They can serve as showcases of artistic pride, signal openness towards cultural diversity, support the local economy, contribute to reducing political tension and provide grounds to consolidate international relationships. On occasion, such festivals function as tools to support the vision of a multilateral co-operation institution, as is the case of the Association of Southeast Asian Nations (ASEAN). Through a comprehensive review of the arts and culture festivals curated in ASEAN, this article investigates the festivals’ ulterior motivations. …

Circuits Broken, Remade, And Newly Forged: Tracing Southeast Asia's Foreign Relations After The Vietnam War, Wen-Qing Ngoei

Research Collection School of Social Sciences

This article (2021) in Diplomatic History's pandemic feature examines how the principles and consequences of Singapore's "circuit breaker" policy offers a conceptual framework for studying the history of Southeast Asia's foreign relations in the 1970s to 1990s. With this approach, the essay considers how a study of Southeast Asia's culture-makers (artists, writers, dramatists), their works and transnational circuits, may open a productive inquiry into a diverse array of regionalisms that compete and complement ASEAN.

Financial Technology And Inclusion In Asean, David Fernandez, Marc Rakotomalala

Research Collection Lee Kong Chian School Of Business

Financial technology (FinTech) has the potential to be a positive, game-changing force for boosting financial inclusion in ASEAN, as mobile money and greater access to basic financial services have the capacity to improve the economic well-being of households. Indeed, technology has been shown to drive broader increases in economic growth, which itself interacts positively with financial inclusion. In a more direct way, new, specific fintech developments globally and in ASEAN itself can be beneficial for financial inclusion. In this paper, we look at financial inclusion and technology, and how cooperative efforts between ASEAN policymakers, the private sector, and their broader …

The Future Of Nuclear Security In The Asia-Pacific: Expanding The Role Of Southeast Asia, Julius Cesar Trajano, Mely Caballero-Anthony

International Journal of Nuclear Security

The nature of regional cooperation on capacity building taking place in Southeast Asia certainly provides a good foundation to pursue a more robust collaborative framework for nuclear security in the wider Asia-Pacific region. A step in this regard is to have a regional action plan/roadmap for nuclear security in the Asia-Pacific that could institutionalize cooperation between Association of Southeast Asian Nations (ASEAN) and other countries in the wider region, fostering closer collaboration. The paper recommends three practical mechanisms to expand cooperation frameworks in Southeast Asia to the broader Asia-Pacific region: (1) strengthening regional capacity building in nuclear security; (2) establishing …

Green Bonds For Financing Renewable Energy And Energy Efficiency In South-East Asia: A Review Of Policies, Dina Azhgaliyeva, Anant Kapoor, Yang Liu

Research Collection Lee Kong Chian School Of Business

Mobilizing private finance for renewable energy and energy efficiency is critical for Association of South-East Asian Nations (ASEAN) not only for the reduction of global temperature rise but also for meeting fast-growing energy demand. Two-thirds of green bonds issued in ASEAN were used to finance renewable energy and energy efficiency projects. This paper provides a review of green bond issuance and green bond policies in ASEAN. Issuance of green bonds in top three green bond issuing countries in ASEAN, i.e. Indonesia, Malaysia and Singapore, are reviewed in detail. Green bond policies in ASEAN are effective in promoting green bond issuance. …

Tackling Regional Climate Change Impacts And Food Security Issues: A Critical Analysis Across Asean, Pif, And Saarc, Md. Saidul Islam, Edson Kieu

Research Collection Lee Kong Chian School Of Business

Climate change and food security issues are multi-faceted and transcend across national boundaries. Therefore, this paper begins with the premise that regional organizations are optimally positioned to address climate change and food security issues while actively engaging global partners to slow down or reverse current trajectories. However, the potential of regional organizations to play a central role in mitigating these vital concerns has not been realized. In this paper, we focus on three regional organizations—the Association of Southeast Asian Nations (ASEAN), the Pacific Islands Forum (PIF), and the South Asian Association for Regional Cooperation (SAARC) and set out to investigate …

Cross-Border Regulation Of Securities Markets In Asean, Wai Yee Wan

Research Collection Yong Pung How School Of Law

How does cross-border regulation of securities markets work in Association of South East Asian Nations (ASEAN)? How closely are the securities markets coordinated within ASEAN from the regulatory perspective? What is the optimal regulatory model of integration of securities markets that balances the economic benefits of integration and yet minimizes the risks of contagion and advances the state’s national goals? The issues posed by these questions are important against the background of strong growth of the Asian economies and Asian capital markets, and how the ASEAN states can take advantage of such growth to facilitate economic growth. According to the …

Introduction: Understanding The Transformational Power Of China's Belt And Road Initiative, Yue Wah Chay, Thomas Menkhoff

Research Collection Lee Kong Chian School Of Business

This book features several introductory readings about the “Belt and Road Initiative” (BRI), a strategic development initiative launched by the Chinese Government under the leadership of President Xi Jinping in 2013 to jointly build an economic belt along the Silk Road. Some of the key objectives of BRI, previously known as One Belt, One Road (OBOR) or Silk Road Economic Belt, include promoting infrastructure development, trade and investments in Asia, Europe and Africa. BRI is a gigantic development initiative whose key components include the creation of several interconnected economic land corridors (=belts): China–Mongolia–Russia; China–Central Asia– West Asia, China–Pakistan, the China–Indochina …

There And Back Again: What The Cold War For Southeast Asia Can Teach Us About Sino-Us Competition In The Region Today, Wen-Qing Ngoei

Research Collection School of Social Sciences

Expert commentary today typically focuses on the agendas and actions of the two big powers, the United States and China, which misses the bigger picture. During the Cold War, leaders of ASEAN (Association of Southeast Asian Nations) played a critical role in containing Chinese influence, shaping the terms of Sino-U.S. competition and rapprochement, and deepening the U.S. presence in Southeast Asia. The legacy of ASEAN’s foreign relations during and since the Cold War militates against the popular notion that Chinese hegemony in Asia is inevitable.

The Impact Of Fintech Innovations And Financial Standards On Bank Performance: Evidence From Selected Commercial Banks In Asean, Kiyono Hasaka

Dissertations and Theses Collection (Open Access)

In the rapidly evolving financial
technology (fintech) landscape, there has been an increase in the number of the
industry research papers and articles on fintech adoption and innovations. However,
there are relatively few empirical studies that provide a quantitative analysis
of the effects of fintech and financial standards on bank performance using
financial indicators. This dissertation attempts to fill this research gap by
identifying and analysing the impact of commercial banks’ adoption of mobile
banking technologies on bank financial performance in five countries that adopted
financial standards in the Association of Southeast Asian Nations (ASEAN). Using
the longitudinal panel data …

The Impact Of Double Tax Treaties On Inward Fdi In Asean Countries, Yue Dong

Research Collection School Of Accountancy

This study aims to assess the impact of double taxation treaties (DTT) on FDI inflows in 10 ASEAN countries from 1989 to 2016. There are two objectives of double taxation treaties. The first one is to alleviate the problem of global double taxation, which has a stimulating effect on FDI. The second objective is the sharing of information between governments, which can prevent tax evasion and thus discourage FDI. The findings suggest that new DTTs in ASEAN have a positive but insignificant impact on the FDI inflows into the region. However, the impact of old DTTs on FDI is significantly …

Building Toward The Rcep? Reflections On The Asean-China Fta, Heng Wang

Research Collection Yong Pung How School Of Law

Among the ASEAN’s external FTAs, the ASEAN-China Free Trade Agreement (ACFTA) is ofgreat significance to both the ASEAN and China. The ACFTA was one of the earliest trade pactsconcluded by China. It is also part of the ASEAN’s broader push toward concluding FTAs outside themultilateral trading system, in line with the proliferation of regional trade pacts. This chapter willanalyze the following questions: what is the approach of the ACFTA? What are the implications ofthe ACFTA for the the Regional Comprehensive Economic Partnership (RCEP)? What nationalimplementation issues are involved with the ASEAN? The potential implications of the AHKFTA willbe explored. The …

An Asian View On The Ceta Investment Chapter, Locknie Hsu

Research Collection Yong Pung How School Of Law

The Canada-EU Free Trade Agreement (CETA) has been completed and awaits ratification against a backdrop of global economic uncertainty. The Trans-Pacific Partnership Agreement (TPP), which includes five Asian parties among its signatories, has lost the support of the United States and its fate is uncertain as well. The CETA is significant for Asian countries given that one of its parties -- the EU -- has signalled strongly that it wishes to negotiate a number of free trade agreements in the Asian region. The agreement offers valuable insight into the thinking of the EU in terms of investment protection guarantees, its …

Against Populist Isolationism: New Asian Regionalism And Global South Powers In International Economic Law, Pasha L. Hsieh

Research Collection Yong Pung How School Of Law

This article provides the most up-to-date examination of the Regional Comprehensive Economic Partnership (RCEP), which is poised to become the world’s largest free trade agreement (FTA). It argues that the 16-country mega-FTA will galvanize the paradigm shift in Asian regionalism and build a normative foundation for the Global South in international economic law. Based on intertwined theoretical and substantive claims, this article opens an inquiry into the assertive legalism of developing nations in the new regional economic order. It further manifests the pivotal force of emerging economies against populist isolationism in the Trump era that undermines the neoliberal foundation of …

Asean Financial Integration And The Belt And Road Initiative: Legal Challenges And Opportunities For China In Southeast Asia, Christopher C. H. Chen

Research Collection Yong Pung How School Of Law

This chapter explores the legal challenges to Chinese financial institutions in Southeast Asia against the backdrop of China’s grand ‘Belt and Road Initiative’ (BRI) and the establishment of the Association of Southeast Asian Nations (ASEAN) Economic Community. Banking and finance play important roles in promoting trade, investment and infrastructure projects. The development of ASEAN, an immense economic bloc located immediately south of China, will have an enormous effect on the BRI strategy. This chapter outlines the current development of financial integration within ASEAN with respect to the bloc’s banking and insurance sectors. It also considers the legal obstacles and potential …

Review Of Ang Cheng Guan, Southeast Asia’S Cold War: An Interpretative History, Wen-Qing (Wei Wenqing) Ngoei

Research Collection School of Social Sciences

Ang Cheng Guan’s Southeast Asia’s Cold War: An Interpretive History makes a welcome scholarly contribution to the field. As he rightly points out in the introduction to his book, the “voluminous” literature concerned with the Cold War in Southeast Asia has too long centered on the United States, European decolonisation, and/or the Sino-Soviet competition for Hanoi’s loyalty.

The Effect Of Illicit Drugs Securitization In Indonesia, Yanu Widiyono

Graduate Program in International Studies Theses & Dissertations

Barry Buzan and the Copenhagen School scholars introduce the concept of Securitization in International Relations. This concept argues that threat is formed and based on the interpretation of the actors . Threat does not naturally arise from the situation of state. Rather, it arises because of how prominent actors politicize the issues.

This study mainly focuses on analyzing the effects of Illicit Drugs Securitization in Indonesia. Previous literature has analyzed the issue of Illicit Drugs Abuse and trafficking problems in Southeast Asia in general, but few focus on Indonesia in particular. As the biggest state in South East Asia and …

Merging Subsistence Perspective And Buen Vivir: An Alternative To Damming The Mekong, Aaron B. Eisenberg

Dissertations, Theses, and Capstone Projects

This paper will examine the planned development on the Mekong by looking at the historical, political, and economic reasons why largescale hydroelectric dams are now being pushed upon the river. It will then critique the international state sovereignty system focusing directly on the Mekong River Commission and ASEAN (Association of Southeast Asian Nations) for their inabilities to mitigate environmental impact while pursuing development. I analyze how the “global city” discourse cannot rationally be applied to Southeast Asia and how the urban-rural divide in Southeast Asia creates only greater problems as dam production on the Mekong accelerates. I propose an alternative …

The Reduction Of Mass Atrocity Crimes In East Asia: The Evolving Norms Of Asean's Prevention Mechanisms, David A. Frank

Genocide Studies and Prevention: An International Journal

ASEAN member states represent a region that has experienced a dramatic reduction in mass atrocity crimes in the last forty years. Scholars have identified three structural explanations for this reduction: the decrease in the use of mass atrocities as a tool of war, rising incomes, and the spread of democracy. The evolution of complex and contested human rights norms during this same period contributed significantly to the positive role played by the three structural factors in the decline of atrocity crimes. This paper highlights the human rights norms that anchor ASEAN atrocity prevention mechanisms and suggests that the association can …