Lembaga Penyelidikan Ekonomi dan Masyarakat – Fakultas Ekonomi dan Bisnis – Universitas Indonesia

The ASEAN Economic Integration Principles: Open, Convergence, Inclusive, and Green

Juli 9, 2022

Author : Kiki Verico

Executive Summary

ASEAN is in the process of structural economic and digital transformation. ASEAN needs to adopt related principles to support it. This paper found that structural economic transformation requires the open economy as the necessary principle and economic convergence as the sufficient condition. The open regionalism principle is needed because ASEAN needs Foreign Direct Investment (FDI) from member and non-member states. Furthermore, open regionalism must decrease the economic gap within member states. Therefore, ASEAN needs a sufficient condition of economic convergence within member states. This paper took the implementation of Bali Concord III on FDI inflows as a proxy for open and the GDP per capita gap to the highest member state’s GDP per capita within member states as a proxy for economic convergence.  This paper confirmed that economic convergence comes after the open principle. As for the digital economic transformation, this paper showed ASEAN needs the inclusive principle. Lastly, it described ASEAN’s commitment to the green economy. This paper adopted the quantitative method in assessing open and convergence and the qualitative approach in analysing inclusive and green principles.

Download (PDF, 954KB)

Publikasi Terbaru

Raja Ampat dalam Bayang-Bayang Tambang: Haruskah Dilanjutkan?

Juli 9, 2025

Weathering the Storm: Examining the Resilience of Small and Micro Firms in Indonesia During the COVID-19 Pandemic

Juli 4, 2025

Inflasi Bulanan, Juli 2025 – Seri Analisis Makroekonomi

Juli 3, 2025

Government as Shareholder or Guardian? A Critical Look at SOE Policy in Indonesia

Juli 2, 2025

Publikasi Terkait

tambang raja ampat

Raja Ampat dalam Bayang-Bayang Tambang: Haruskah Dilanjutkan?

umkm

Weathering the Storm: Examining the Resilience of Small and Micro Firms in Indonesia During the COVID-19 Pandemic

inflasi juli

Inflasi Bulanan, Juli 2025 – Seri Analisis Makroekonomi

Positive SSL Wildcard