A Value Chain Approach to Support Southeast Asian Economic Regionalism

Craig Jones

doi:10.21512/jas.v7i1.5009

Authors

Craig Jones Graduate School of Business and Management Argosy University Email: crajones@argosy.edu http://orcid.org/0000-0001-8481-4930

DOI:

https://doi.org/10.21512/jas.v7i1.5009

Keywords:

regional economic integration, multilateral trade agreements, ASEAN single market, capital liberalization

Abstract

This article includes an exploration of the economic data sets of the Association of Southeast Asian Nations (ASEAN) Statistics, the World Bank, and the International Monetary Fund, as well as primary regional economic initiatives and agreements to assess the strategic indicators of economic regionalism using thematic analysis. The aim of this research is to determine how Southeast Asian regionalism can circumvent vulnerabilities to another economic crisis in North America and the European Union. To correct such financial vulnerabilities, ASEAN has significantly remolded the region into a single market consisting of a 10-nation integrated production base. The ASEAN Economic Community’s main pillars are the establishment of a regional economic foundation based on comprehensive investment initiatives; the liberalization of capital markets, tariffs, and professional labor; infrastructure connectivity; regional policy integration; and free trade agreements to create a regional value chain as part of a single market and production base. The more attainable this comprehensive value-capture-and-integration process becomes, the more attractive it will appear to the global economic investment community and for business opportunities to establish a robust regional foundation. Although the process appears straightforward, capturing value is not a single phenomenon or method, but rather a multifaceted phenomenon, as explored in this study. The regional integration model seeks profitability within effective cross-border production networks and regional liberalization.

Dimensions

Plum Analytics

Author Biography

Craig Jones, Graduate School of Business and Management Argosy University Email: crajones@argosy.edu

Dr. Craig A. M. Jones is an Adjunct Professor at the Graduate School of Business and Management, Argosy University, Honolulu, Hawaii. He received his Doctor of Business Administration in International Business, Summa Cum Laude, that addresses business strategies concerning import and export trade facilitation in Southeast Asia as a partnership between ASEAN (Association of Southeast Asian Nations) and the private business sector to bring about strategic economic change. Received his Master of Business Administration in International Business, Magna Cum Laude, and a Bachelor of Arts degree in French Language and Literature. Professional schooling includes attending Le Cours Supérieur d’Etat Major (CSEM) à l’Ecole Militaire, Paris, France. Currently teaches International Business at the graduate level and the doctoral candidate level at Argosy University.

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