Southeast Asia /
Pages: 2 (593 words) /
Published: Sep 21st, 2014
According to its website, the Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand. The association was signed as ASEAN Declaration by the so called Founding Fathers of ASEAN which are Indonesia, Malaysia, Philippines, Singapore and Thailand. Brunei Darussalam, Viet Nam, Lao PDR, Myanmar, and Cambodia all later joined ASEAN on January, 7 1984, July, 28 1995, July, 23 1997 and April, 30 1999 respectively. As stated in the overview section of the webpage, the primary aims and purpose of ASEAN is to accelerate the economic growth, social progress, cultural development and to promote regional peace and stability.
The article discusses the potential economic development of the four new nations that later joined ASEAN; Cambodia, Lao PDR, Myanmar, and Vietnam (CLMV). At the same, it also discusses some of the major economic and political challenges that CLMV countries face as they tried to become a more responsible member of ASEAN (Ito, Iwata, McKenzie, and Urata, 2013). To do that, they must not only be able to integrate with ASEAN’s older members (ASEAN5) but also participate in the global market. Many nations begin to have a higher interest in CLMV countries because of their economic growth, abundant availability of low-wage workers and abundant endowments of natural resources (Ito el al, 2013). However, the development gap between the original ASEAN and CLMV countries is so severe that, as far as in economic wise, it was almost near impossible for CLMV countries to catch-up to the ASEAN5. Ito et al. state that “while the five original ASEAN nations went through a decades-long process of development through import substitution to export-oriented, policies and the establishment of market-supporting institutions, CLMV suffered from internal and external conflicts followed by interventionist inward-looking policies” (2013, p.3). Throughout the article, Ito el al. discusses the