• Asian Journal for Public Opinion Research
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• v.3 no.1
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• pp.40-62
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• 2015

The main objective of this study was to investigate the awareness and perception of young professionals in Malaysia, Indonesia, and Vietnam countries on the ASEAN Economic Community (hereafter, AEC). Data from a survey of 575 young professionals, with approximately equal distribution from each country, were collected in June and July 2015. Research findings revealed that the knowledge and understanding of the AEC among the Gen Y professionals were still marginal. Although they lack awareness, young professionals had a good impression and perception of the AEC in connection with important benefits for them individually as well as for their country. Finally, the study revealed that the Gen Y professionals showed some level of optimistic attitude that they could succeed in the AEC as they thought that they were quite well prepared, having sufficient skills to work or to do business in other ASEAN countries.

• The Southeast Asian review
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• v.21 no.3
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• pp.139-203
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• 2011

This paper attempts to review of recent development of ASEAN financial integration and to evaluate it and predict its future aspect. For this purpose, we first examine the historic aspect of ASEAN financial integration such as ASEAN financial service open agreement or ASEAN capital market forum report and currently agreed integration plan. In addition, we study the development stages of ASEAM member countries in terms of its economic size or income level. Finally, we look at the financial market and institutional aspect of ASEAN member countries and the recent development of global financial market. From these analyses, we find several important facts. First, it is true that ASEAN, in general, will enjoy the effect of expanding regional investment and improving the quality of financial service through the financial integration. We think that its long term benefit is too large for ASEAN member states to avoid. Second, as a result, it is certain that ASEAN will corporate further to make its financial market to be integrated in the future. Third, however, despite these benefits and continuing efforts, we expect that it will be very difficult for ASEAN to reach a stage of financial integration as suggested in the Blueprint of ASEAN Economic Community by the year of 2015. The large difference among member states in term of economic and financial development will not allow for them to reach a single goal within a short time. Instead, we expect the following scenario for the integration process will hold. First, ASEAN will reach an agreement on the institutional framework by 2015 and afterwards, slowly the markets will begin to integrate. Second, at the earlier stage, not all but some countries will start the integration process. We expect that the financial market of ASEAN 5 will first be integrated and other 5 will join to it later.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.8
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• pp.47-56
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• 2021

ASEAN Economic Community (AEC) was established in 2015 from 10 countries to realize the ultimate (adopted in 1997), which aimed to transform ASEAN into a stable, prosperous, and highly competitive region with equitable economic development, reduced poverty, and socioeconomic disparities. The purpose of this paper is to examine the effect of knowledge level on the AEC of Vietnamese small and medium enterprises (SMEs) in the textile and apparel industry towards attitudes, readiness, and performance. This study uses convenience sampling to get questionnaires from 150 SMEs in Hanoi, Vietnam. Then, the paper applies SPSS-AMOS 24 to process data. The empirical results show that AEC's implementation only has a small impact on improving SME performance. However, SMEs have adequate knowledge, attitude, and readiness about AEC. The structural modeling findings indicate that the knowledge factor has an indirect effect on SMEs' performance. This finding is to provide new insight into the roles of attitude and readiness in the case of Vietnam. These factors are needed to mediate the effect of attitudes and readiness in the relationship between knowledge and business performance, a framework strategy of business organizations, and can be used as a conceptual model to improve SMEs' performance.

• International Area Studies Review
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• v.15 no.1
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• pp.195-218
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• 2011

Discussion of Economic Community in East Asia are active. This trend began in the late 20th from the EU and North America's regional economic integration is in response to the movement. East Asia in the late 1990s to the actual for the FTA, it was not very active. As East Asian Economic Community became one of agendas for ASEAN+3 Leaders' meeting since 2004. Japan has been positioned itself as a leading country in East Asia. However, the emergence of China in the East Asian economic community have been changes. Moreover, East Asian countries began concerns over regional economic community with frequent conclusions of FTAs and China is leading the discussion on strengthening economic cooperation in the region. Some of it in terms of economic community in East Asia will not be smooth. First, East Asian countries do not have a common goal. Second, East Asian countries have a lot of diversity. Third, China and Japan are expected to compete in the championship. Therefore, East Asian economic community should be approached in the long-term perspective.

• The Southeast Asian review
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• v.28 no.2
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• pp.119-145
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• 2018

Celebrating its $50^{th}$ anniversary in 2017, the leaders of ASEAN member sates have adopted a series of declarations and action plans for enhancing its institutional capability and functional cooperation. ASEAN's convening power is expected to underpin its centrality and resilience. Meanwhile, ASEAN's retreat from democracy has increasingly become a hindrance for its further development. This article reviews the process of ASEAN's community building and its external relations. First, it argues that there is increasing concerns over ASEAN's limited capability in dealing with regional issues mainly caused by the deprivation of human rights and the democracy in crisis. Second, this article considers the dynamics of ASEAN's external relations mainly focusing on its relations with China, the United States, and South Korea. The South China Sea issue and China's increasing economic influence in the region have contributed to the complexity of ASEAN-China relations. The ASEAN's responses to the shift in American foreign policy under the Trump administration posits the unity of ASEAN. The New Southern Policy initiated by South Korean President, Moon Jae-in appears to be a new focal point of Korea-ASEAN relations despite considerable challenges, which requires to maintain ASEAN centrality.

• SUVANNABHUMI
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• v.12 no.1
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• pp.89-110
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• 2020

Singapore and Thailand have been rapidly ageing. There has been a growing demand for eldercarers in the home-setting for which migrant domestic workers have filled the role. This paper examines the Association of Southeast Asian Nations (ASEAN) Consensus governing women migrant workers entering the eldercare sector. It argues that because the ASEAN Consensus is not legally binding, it only serves to reinforce the sovereignty of states in the treatment of migrant workers instead of member states acting in unison to ensure labour protections for this group; as a result, Singapore and Thailand do not feel the need to step up protections for this group of workers according to national labor laws and hence low-skilled women migrant workers entering the eldercare sector continue to be vulnerable to labour abuses. Thus as with globalization, the ASEAN Economic Community manifests the paradox of borders: that while states are economically interconnected and interdependent, they are simultaneously disconnected and independent from each other.

• Journal of Construction Engineering and Project Management
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• v.6 no.1
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• pp.1-10
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• 2016

Issues in the construction industry of Cambodia in ASEAN Economic Community (AEC) is the main priority to be identified before identifying causing factors in order to find out recommendations, to improve this sector, and to survive in this community. Two major issues were identified from the literature review and the investigation, namely i) Long-term vision and its policy, and ii) practice culture. The total sample collected from concerned government officers and engineers in Cambodia were 463. Factor analysis was then conducted to find out the issues, and as the results, there are five issues in two main groups: (i) the Organization's vision and its skill, which consist of a vision of the organization, knowledge and skill, and less investmen in the construction sector; (ii) Knowledge and motivation towards the AEC, which consist of knowledge about the AEC, and level to promote organization for the AEC.

• International Commerce and Information Review
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• v.16 no.2
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• pp.3-22
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• 2014

View of the recent expansion of ASEAN, Korea must take some measure to cope with them. This paper is aim for suggesting on commercial cooperation between Korea and ASEAN through transition of ASEAN. Generally speaking Southeast Asia can be divided into mainland Southeast Asia and maritime Southeast Asia. ASEAN is association Southeast Asian nations. Korea has been a dialogue partner of ASEAN since 1991, and through the ASEAN plus three try to come true East Asian cooperation. but the level of public awareness of Korea in ASEAN remains very low to compare with China and Japan. Korea and ASEAN have not become the closest of friends in East Asian even though the two are good commercial partners. Korean ODA for ASEAN must be linked with Korean firm's trade and investment for ASEAN to show synergy effect. Korea should analyze ASEAN's plan for ASEAN Economic Community and find potential development needs of ASEAN. Korea and ASEAN want to become ASIA's FTA Hub. such as great vision can come true if Korea cooperate sincerely with ASEAN.

• The Southeast Asian review
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• v.24 no.2
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• pp.35-79
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• 2014

This study examines the measures for the activation and the growth of intra-regional trade in Southeast Asia taking a look at the four dimensions of tariff rates, non-tariff barriers, trade facilitations, and trade infrastructures. Utilizing a gravity model, we performed empirical analysis and discussed the policy implications with the priorities to implement. To expand the intra-regional trade in Southeast Asia it would be necessary to enhance the level of trade facilitations and provide trade infrastructures, such as ports and airports as well as cutting the tariff rates and eliminating the non-trade barriers. In particular, in the case of exports of ASEAN6 to ASEAN6 the infrastructure is the important factor. Also, in the case of the exports of ASEAN6 to CLMV(Cambodia, Laos, Myanmar, and Vietnam), it is expected that eliminating non-tariff barriers and enhancing trade facilitations may play important roles in the progress of intra-regional trade. These results may provide the important implications for Southeast Asian countries, which are trying to promote intra-regional trade ahead of the constitution of ASEAN Economic Community by 2015. Southeast Asian countries could be evaluated to achieve a certain level of trade liberalization and economic integration through the formation of AFTA. But in order for Southeast Asia to develop to advanced economic integrated region it requires mutual cooperations and policy harmonizations among regional countries. Also, for the elimination of non-tariff barriers, promoting trade facilitations, and providing infrastructures, the administrative, legal, and institutional measures would have to be fulfilled in advance. In addition, capital investment for constructing infrastructures would be necessary to realize the intra-regional trade expansion. However, to achieve the goal, it would require a large capital investment and highly mandated policy considerations and harmonizations among Southeast Asian countries in terms of further trade liberalization and economic integration.

• SUVANNABHUMI
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• v.9 no.1
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• pp.173-192
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• 2017

The Sasaq community in Lombok, Indonesia has been recognized as a peasant community with its unique and strong social capital. Sources of social capital recognition can be derived from common terms or expressions and institutions practiced in community daily life. However, there is a trend of neglecting and ignoring those values by the community, especially the youth. Through action research, we would like to revitalize social capital of the community in supporting social and economic development in the rural level. In this paper, we introduce a Strategic Leadership and Learning Organization (SLLO) approach to build community participation in solving social and economic problems. Through regular dialogue, communities come with common agreements and collective action that are perceived as emergence property. Several common agreements are intended to solve community problems actually in line with the objectives of government designated development.