Preview

Asean Is Crucial to the Development of Cambodia as a Modern Society

Satisfactory Essays
Open Document
Open Document
481 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Asean Is Crucial to the Development of Cambodia as a Modern Society
ASEAN is crucial to the development of Cambodia as a modern society

Cambodia is widely known as one of the most suffering countries in Asia from many tragic wars in the past. Without any cooperation with other countries, it is virtually hard for this poor country to develop itself as a modern one. As Te Eang Chheng pointed out, “If there is no ASEAN, small and medium countries in Southeast Asia would have little or even no power or roles in regional and international affairs whenever...” (Chheng, 2011). In developing countries like Cambodia, it is believed that Asean does play a critical role in promoting the economic and tourism development.
According to Kuboon Charumanee, “All ASEAN countries are more important to foreign investors if they are considered as one node in a larger regional market of nearly 600 million people - a single market” (Kuboon Charumanee, 2012).Cambodian’s economic rapidly grows, especially in the field of export trades due to the effect of ASEAN cooperation. Furthermore, these days Cambodia is a really hectic country as a business centre with many Asian and foreign companies which are stimulating their investments in the country, especially in Phnom Penh. Hence, with the further ASEAN integration 2015 plan, Cambodia will absolutely gain more benefits in the economic sector from this association.
Likewise, the tourism industry is also another field in Cambodia with many considerable improvements due to the impact of ASEAN. “Tourism is an important sector through which Cambodia has been working with ASEAN for decades. Regional tourism has a big potential and becomes more and more important even though it has been hindered by SARS (in 2003) and bird flu.” (Chheng, 2011). As it can be seen Cambodia is in a great demand of financial and human resources to develop the country, so this improvement does help Cambodia’s development and cut down the unemployment rate.
To sum up briefly, it does not need saying but



Bibliography: Kuboon Charumanee, (2012). ASEAN Economic Community (AEC) 2015 and its implication on APEC [online]. Available from: http://www.google.com.kh/url?sa=t&rct=j&q=asean%20economic%20community%20%28aec%29%202015%20and%20its%20implication%20on%20apec&source=web&cd=1&ved=0CCUQFjAA&url=http%3A%2F%2Fwww.ascc2012.org%2Fimages%2Ffiles%2FASCC_Paper_Charumanee.doc&ei=VrLjUdeeKdCXiAe-_ICoCg&usg=AFQjCNEdhTK0DFTjQBJw7v0lrWHU3tCzxQ&bvm=bv.48705608,d.aGc&cad=rja [Accessed 09 July 2013] Te Eang Chheng, (2011). CAMBODIA 5 YEARS IN ASEAN: A STUDY ON PROS AND CONS [online]. Available from: https://www.kdevelopedia.org/mnt/idas/asset/2012/02/29/DOC/PDF/04201202290067854077902.pdf [Accessed 12 July 2013]

You May Also Find These Documents Helpful

  • Powerful Essays

    Final global business plan

    • 6910 Words
    • 28 Pages

    The ASEAN was founded in 1967 to promote the alliances of the countries in Southeast Asia. The current members of the ASEAN are the Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Indonesia, Singapore, Thailand, and Vietnam (ASEAN, 2010)…

    • 6910 Words
    • 28 Pages
    Powerful Essays
  • Satisfactory Essays

    Nafta Essay

    • 457 Words
    • 2 Pages

    ASEAN is an economic organization of ten countries located in Southeast Asia. It was formed on August 8, 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since it first started it has grown to include Brunei, Burma, Cambodia, Laos, and Vietnam. It aims to accelerate economic growth and cultural development among its members and also be a place where each member can discuss political issues peacefully.…

    • 457 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The ASEAN Pursues EU article provides one instance of a region in support of regional integration. “The European Union organized a group of nations with different currencies and languages - and profits followed” (Conde, 2007, para. 1). As per this article grouping currencies from various nations would assist regional integration, also assist the economic system of the region and build stronger relationships. The Association of Southeast Nations (ASEAN) desires to try the identical technique that the EU had earlier encouraged and integrate currencies in the areas. In the past former prime minister of Singapore Lee Kuan Yew had rejected this idea (Jazi, 2008). Instead, the prime minister believed that the country could achieve this objective but perhaps after 50-80 years. To start the process they would require writing a charter however the organization has opposed during the past because of the different financial systems in the region. This is currently in the starting phases however it has been stated that it will be a legally binding charter just like the one in the European Union, taking into consideration that any members who do not abide by this charts principles as well as procedures would need to incur on sanctions. To put it differently, ASEAN desires to turn…

    • 1043 Words
    • 5 Pages
    Good Essays
  • Good Essays

    American Woman

    • 925 Words
    • 4 Pages

    * Vu Tung, Nguyen. “Vietnam’s Membership of ASEAN: A Constructivist Interpretation”. Military and Government Collection. Vol.29, Dec 2007. Web. March 20, 2013.…

    • 925 Words
    • 4 Pages
    Good Essays
  • Better Essays

    However, due to the economic rise of this region, the EU issued a document entitled “Towards a New Asia Stratergy” to adjust to this new global context. This document highlighted the EU’s need to strengthen its economic and political presence in the region in order to sustain its leading role in the world economy, to protect its interest, and to raise its profile in Asia. The EU’s positive contribution to good governance promotion in the region was mentioned in this strategy as one of the ways for the EU to fulfill these objectives. Especially, it was stressed that “the Union's role is to pursue market - opening for both goods and services and to overcome obstacles to European trade and investment by encouraging a favourable regulatory environment for business in Asia”. To support the reform and growth of new markets and to assist Asian countries in poverty alleviation are “after all in the enlightened self - interest of the Union” because these will help increase their potential as future markets for European business. Vietnam was also referred herein as an important economy which needs to undergo institutional reforms with the EU’s assistance in order to strengthen bilateral economic…

    • 1777 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Framework Agreement on Comprehensive Economic Co-Operation between ASEAN and the People's Republic of China, 5 November 2002 (“Framework Agreement”)…

    • 1036 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    In August 1967, when ASEAN was founded, Southeast Asia was at the center of world events. Indonesia had recently been at war with Malaysia, trying to prevent the creation of Malaysia out of former British colonies. The Second Indochina War was raging, following the withdrawal of France in 1954 and the end of the First Indochina War that year. In Malaysia, a powerful communist insurgency had only recently been defeated, while in Indonesia an army coup, launched in part to head off the rise of left-leaning political parties, had unleashed massive communal bloodshed. The Cultural Revolution and China’s support for several communist movements in Southeast Asia, as well as the region’s fears of the United States abandoning its commitment to Southeast Asia, led the noncommunist countries in the region to form ASEAN. The original five members Thailand, Malaysia, Singapore, Indonesia, and the Philippines, varied from military dictatorships to city states to nascent democracies. ASEAN was founded with a limited charter, even compared to many other regional organizations. The goal was to preserve long-term peace in Southeast Asia and, by unifying, to balance the roles that outside powers, including the United States, China, and Japan, played in Southeast Asia. Even though the Second Indochina War ended in 1975, the region remained mired in Indochina politics until the late 1980s, and ASEAN’s mission evolved only marginally from its original goal. ASEAN also made little effort to push for greater regional integration or trade liberalization. Despite China’s economic opening in the late 1970s, China did not have formal relations with many Southeast Asian states and was a minor trading partner for the majority of the countries in the region by the late 1980s.…

    • 3716 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    ASEAN Economic Community well known in short as “AEC”. AEC is going to come in 31th December 2015. There are ten member countries join together. There are Brunei, Cambodia, Indonesia, Laos, Philippines, Singapore, Myanmar, Thailand and Vietnam. These countries will join together at the end of 2015 like combination in European Union. In order to, makes a single market and the same production base, increasing abilities for competition in economy development is equally and integration into the global economy. These are purposes of ASEAN Economic Community we called “AEC Blue Print or the way to be AEC”. Joining in AEC will make many benefits such as negotiation with partner countries. Export and import can be freely. This is the biggest changing in the world that’s coming soon. We should be alert and prepare to cope with it all the time.…

    • 893 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Business Finance

    • 29026 Words
    • 117 Pages

    References Annex 1: Nature of Cambodian growth and its implications for poverty and inequality Annex 2: Summary of the findings of the Moving out of Poverty Study Annex 3: Cambodian garment industry: A model sector? Annex 4: Cambodia’s domestic banking system: Underlying weaknesses Annex 5: Microfinance institutions: The success of ACLEDA Annex 6a: Global crisis: A window of opportunity for deeper reforms on fiscal management Annex 6b: Global crisis: A window of opportunity for deeper reforms on tourism Annex 6c: Global crisis: A window of opportunity for deeper reforms on the garment industry…

    • 29026 Words
    • 117 Pages
    Powerful Essays
  • Good Essays

    Although the Association of Southeast Asian Nations (ASEAN) has been around for 45 years, it is only in the last half decade that policies have been put in place to bring the 10 member economies closer together. Tariff barriers have been torn down, investment channels opened up and promises made to create a level commercial playing field for companies throughout the region.…

    • 1965 Words
    • 8 Pages
    Good Essays
  • Good Essays

    Tourism in Cambodia

    • 1671 Words
    • 7 Pages

    After more than a decade of spectacular growth, Tourism has played an important role in the development of Cambodia. It has brought employment, improvements in infrastructure, training and general education and living standards for many people, and raised the international profile of Cambodia. Its growth has helped diversify economic activity, and broaden the base of foreign earnings.…

    • 1671 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Regional Integration

    • 629 Words
    • 3 Pages

    The Asean Economic Community (AEC) will create a common regional market consisting of more than 600 million people in Asean countries such as Thailand, by 2015. Numerous corporations have started arranging themselves to meet the objections and openings of the Asean Economic Community.…

    • 629 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Asean

    • 340 Words
    • 2 Pages

    Xin Chao means good morning or afternoon in Vietnamese. Thanks for being here today. I’m________ ______________ and I’m from Santa Cruz Suksa School. I’m here today to talk about how to prepare for ASEAN community 2015.…

    • 340 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Firstly, “China won substantial favour from ASEAN by signing the Declaration on the Conduct of Parties in the South China Sea…earned more goodwill by acceding to the ASEAN TAC (Treaty of Amity and Cooperation) .” It is striking and remarkable that China was one of the first two states outside Southeast Asia to sign the ASEAN TAC, indicating that China has close political ties with Asean. In the year 2003 and 2004, China signed the “ASEAN-China Strategic Partnership for Peace and Prosperity ,” and adopted a Five Year Plan of Action from 2011-2015 to deepen and support the establishment of the partnership . Under this, China pledged to cooperate with ASEAN in Political-Security, Economic, Functional, Multilateral Forums, Funding, and Institutional arrangements. This greatly enhances China’s bilateral relationship with ASEAN because this not only contributed towards confidence-building, trust and collaboration between China and ASEAN but also cemented ASEAN’s view of China as a regional…

    • 2529 Words
    • 11 Pages
    Better Essays
  • Powerful Essays

    ASEAN BFTV BIDV CEPT CIEM CMEA CPRGS DAF FDI FIE GC GDI GDP GNP GSO HDI IMF JV NEER ODA PE PER PRGF PRSC RCC REER ROSCA SBV SOCB SOE UCC UNDP VCP VLSS WTO Association of South East Asian Nations Bank for Foreign Trade of Vietnam Bank for Investment and Development of Vietnam Common Effective Preferential Tariff Central Institute for Economic Management Council of Mutual Economic Assistance Comprehensive Poverty Reduction and Growth Strategy Development Assistance Fund Foreign Direct Investment Foreign-Invested Enterprise General Corporation Gender-related Development Index Gross Domestic Product Gross National Product General Statistical Office Human Development Index International Monetary Fund Joint Venture Nominal Effective Exchange Rate Official Development Assistance Private Enterprise Public Expenditure Review Poverty Reduction and Growth Facility Poverty Reduction Support Credit Rural Credit Cooperative Real Effective Exchange…

    • 10004 Words
    • 41 Pages
    Powerful Essays