Regulatory regionalism and the limits of ASEAN banking integration: The case of Indonesia

Politics ◽  
2021 ◽  
pp. 026339572110612
Author(s):  
Moch Faisal Karim ◽  
Adelia Putri Irawan ◽  
Tirta Nugraha Mursitama
Keyword(s):  
Regional Integration ◽  
Policy Coordination ◽  
Social Forces ◽  
Political Struggle ◽  
Member States ◽  
Domestic Markets ◽  
Asean Member ◽  
Domestic Capital ◽  
Political Economies ◽  
Integration Project

The Association of Southeast Asian Nations (ASEAN) aims to integrate the banking industry in the region. To achieve this, ASEAN members have agreed to create the ASEAN Banking Integration Framework (ABIF) to support such integration. Despite being endorsed in 2014, the framework remains vague and lacks clear policy coordination arrangements as well as standardisation instruments that enable ASEAN member states to integrate their banking sectors. This article examines why the member states agreed to such regulatory arrangements. Building upon the regulatory regionalism approach, we argue that the regulatory arrangement is underpinned by a socio-political struggle among dominant social forces in ASEAN. The article further argues that the political endeavour to internationalise domestic capital through the banking integration project remains problematic, given that local banking players seem to largely focus on protecting and penetrating domestic markets rather than regional expansion. This has hindered the progress of regional banking integration in ASEAN. To substantiate this argument, we use Indonesia’s engagement in the process as a case study. This article contributes to the study of political economies of banking integration outside of the European experiment by emphasising the importance of state–society relations in shaping the outcome of regional integration.

Regional Organizations’ Relations with International Institutions

2019 ◽  
pp. 446-464
Author(s):  
Joris Larik
Keyword(s):  
European Union ◽  
International Organizations ◽  
Regional Integration ◽  
International Institutions ◽  
Legal Person ◽  
The European Union ◽  
Regional Organizations ◽  
Member States ◽  
Asean Member ◽  
External Relations

This chapter compares the law and practice of regional organizations regarding their engagement with international institutions. This includes treaty-making, joining and participating in international organizations, and the question to which extent member states are being replaced by their regional organizations. The chapter uses the European Union and the Association of South East Asian Nations (ASEAN) as case studies given that they represent two radically different forms of regional integration. While the former is a case of deep, supranational sovereignty-pooling, the latter is an example of distinctly sovereignty-friendly intergovernmental cooperation. Both ASEAN and the European Union have codified sets of internal norms for conducting their external relations. Both are avid treaty-makers and interact systematically with international institutions. However, this chapter explains how the difference in the organizations’ internal modes of operation translates into different approaches in their external relations. The European Union’s highly formalized approach leads to taking on a state-like position in many situations, but without always replacing its member states. By contrast, ASEAN’s sensitivity toward national sovereignty results in its member states and the Association never appearing together. It is always either one or the other that engages internationally. ASEAN member states interact with other powers, whereas ASEAN as a legal person interacts with other international organizations, with the one exception—the European Union.

scholarly journals International competitiveness of ASEAN regional integration

2021 ◽  
Vol 34 (1) ◽  
pp. 11-22
Author(s):  
Tomislav Galović
Keyword(s):  
Research Methodology ◽  
Regional Integration ◽  
Trade Balance ◽  
Trade Openness ◽  
International Competitiveness ◽  
Economic Power ◽  
Member States ◽  
Asean Member ◽  
Demographic Indicators ◽  
Brunei Darussalam

Purpose: In addition to being one of the major regional integrations, owing to its favorable geopolitical position, demographic indicators, and economic power, the Association of Southeast Asian Nations (ASEAN) is also one of the world’s largest and most influential economic superpowers. This paper aims to examine the international competitiveness and trade of ASEAN member states. Methodology: The research methodology is based on the use of a group of indicators of trade balance, intra-industry trade, the share of exports in imports, trade openness, and the share of exports in GDP in the period from 2013 to 2017. Results: The main results of the paper refer to the evaluation of the competitive position of ASEAN member states’ in international terms (Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei Darussalam, Vietnam, Laos, Myanmar, and Cambodia), as well as to the aggregated results of ASEAN regional integration indicators. Conclusion: The paper’s concluding remarks are an attempt to determine the trading position of ASEAN member states and provide recommendations on how to enhance their international competitiveness.

ASEAN is a driving force for regional integration in Asia

2016 ◽  
Author(s):  
Taliya Khabriyeva ◽  
Igor' Shuvalov ◽  
Anatoliy Kapustin ◽  
Nelli Bevelikova ◽  
Rashad Kurbanov ◽  
...  
Keyword(s):  
Regional Integration ◽  
Driving Force ◽  
Legal Regulation ◽  
Asia Pacific ◽  
South East Asia ◽  
Asia Pacific Region ◽  
Public Authorities ◽  
Member States ◽  
Asean Member ◽  
Asean Countries

The book introduces the reader to the changing nature of integration processes in Asia under the influence of globalization. The analysis of factors that promote and hinder interaction between the ASEAN countries and non-regional partners of this Association is carried out. The study describes the dynamic processes of economic integration within the framework of the Russia - ASEAN dialogue partnership and features of cooperation in various areas of legal regulation. The author reveals the mechanisms that influence the formation of a region-wide free trade zone for the ASEAN member States, and makes recommendations on priority areas of integration trends in Asia. Particular attention is paid to the specifics of investment regulation in South-East Asia, harmonization of ASEAN legislation in the field of security, taxation, education, prospects for cooperation and legal mechanisms that ensure the implementation of further cooperation programs developed by the ASEAN member States. For researchers, representatives of public authorities, as well as for anyone interested in the dynamics of integration processes in the Asia-Pacific region.

scholarly journals A Study on International Cooperation in APTERR for Food Security

2021 ◽  
pp. 159-175
Author(s):  
Kummin Kim
Keyword(s):  
Food Security ◽  
International Cooperation ◽  
Regional Integration ◽  
Member States ◽  
Intergovernmental Cooperation ◽  
Asean Member ◽  
Nation States ◽  
Successful Case ◽  
Determining Factors ◽  
The Relationship

This study is aimed at explicating the phenomenon of international cooperation and regional integration in case of a global crisis. To achieve the aim of this study, a well-structured questionnaire was conducted to participants at two different events. First, this study examines the relationship between food crises and the institutionalization of intergovernmental cooperation to deal with them. Second, it examines the key determining factors for the institutionalization of intergovernmental cooperation to deal with food crises. This study focuses on the ASEAN Plus Three Emergency Rice Reserve (APTERR) as a successful case of the institutionalization of intergovernmental cooperation to deal with food crises, and examines the above two issues by administering questionnaires to two groups of individuals: agricultural officials of the ASEAN member states who attended a seminar in Thailand (23 participants) and officials and scholars of the ASEAN member states who attended a seminar in Vietnam (22 participants) in 2018. The results show the relationship between food crises and institutionalized international cooperation, such as APTERR, among the Asian countries. First, this study reveals that certain circumstances, such as food crises, can stimulate institutionalized international cooperation, by providing a more profound insight into the complex interplays among the governments of nation-states. Second, when nations share an understanding of a common policy alternative or solution, the institutionalization of intergovernmental cooperation to deal with food crises is more likely to develop successfully. It is also confirmed that 'institutionalization of international cooperation' is possible through the sharing ofcommon policy solution under the situation of repeated and serious crises. These conditions tell us that intergovernmental cooperation such as APTERR is an exceptional phenomenon for nation-states that emphasize autonomy and independence. This study highlighted the key issues of the relationship between food crises and institutionalization of cooperation while trying to identify key determining factors in establishing an internationally coordinated mechanism for food security.

Benchmark Document: Rabies and Rabies-Related Initiatives in ASEAN Member States

2014 ◽  
Author(s):  
Keyword(s):  
International Standards ◽  
Chiang Mai ◽  
Member States ◽  
Asean Member

Proceedings of the Workshop on Relevant International Standards for Rabies, Chiang Mai, Thailand, June 2014

ASEAN and Its Problematic Treaty-Making Practice: Can International Organizations Conclude Treaties “on Behalf of” Their Member States?

2014 ◽  
Vol 4 (2) ◽  
pp. 391-419 ◽  
Author(s):  
Zhida CHEN
Keyword(s):  
International Law ◽  
International Organizations ◽  
Southeast Asian ◽  
The Other ◽  
Member States ◽  
The Real ◽  
Asean Member ◽  
Real Issue ◽  
The Status

The Association of Southeast Asian Nations (ASEAN) has, on various occasions, concluded treaties on behalf of its Member States. This raises some interesting questions: is ASEAN entitled to enter into treaties on behalf of its Member States; and if so, what should be the status of ASEAN and its Member States vis-à-vis the other party to the treaty? The issue is not one of whether the ASEAN Member States have consented to such a practice—it must be assumed that they have. Instead, the real issue is whether such treaty-making practice can and should be valid under international law, even if the Member States have consented for ASEAN to conclude these treaties on their behalf. This paper will argue that, under international law, ASEAN is entitled to conclude treaties on behalf of its Member States.

Happiness in ASEAN member states

2015 ◽  
Vol 2 (1) ◽  
pp. 69 ◽  
Author(s):  
Thomas Wai Kee Yuen ◽  
Winnie Wan Ling Chu
Keyword(s):  
Member States ◽  
Asean Member
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