THE IMPORTANT ROLE OF STUDENTS IN THE FACE OF THE ASEAN ECONOMIC COMMUNITY
LUCKY SIMARDA
Framing students’ Entrepreneurial Intentions towards ASEAN Economic
Community.
THE IMPORTANT ROLE OF STUDENTS IN THE FACE OF THE ASEAN ECONOMIC COMMUNITY
ASEAN Economic Community (AEC) is a realization of the ultimate goal of economic integration espoused in Vision 2020, which is based on the convergence of the interests of member countries of ASEAN to deepen and broaden economic integration through existing and new initiatives with a clear deadline. In establishing the ASEAN Economic Community (AEC), ASEAN must act in accordance with the principles of an open, outward-looking, inclusive and market-oriented economy consistent with multilateral rules, and compliance with the system for compliance and implementation of an effective commitment to a rules-based economy. ASEAN Economic Community (AEC) will establish ASEAN as a single market and production base to make ASEAN a more dynamic and competitive with the mechanisms and measures to strengthen the implementation of existing and new economic initiatives; accelerate regional integration in priority sectors; facilitating the movement of business, skilled labor and talents; and strengthen institutional mechanisms of ASEAN as a start to realize the ASEAN Economic Community.
Then this superb student has an important role in ASEAN economic community. As the agent of change, students certainly cannot
Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim economies. APEC members are described as ‘economies’ because the APEC cooperative process is predominantly concerned with trade and economic issues, with members engaging with one another as economic entities. APEC promotes free trade throughout the Asia-Pacific region. It was established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world; to fears that highly industrialised Japan (a member of G8) would come to dominate economic activity in the Asia-Pacific region; and to establish new markets for agricultural products and raw materials beyond Europe.(Andrew Elek)
The population of the Asia region of the world contributes a massive amount of exporting goods, and global business as a whole. The sheer number of people consuming goods that must be imported to support the large population force the need for trade with other regions. The demand for resources is high and the need to develop strong trade relations with other countries is vital to the continued growth and success of Asian countries.
In today's globalized economies, virtually every country in the world belongs to some form of regional integrated trade organization whether by direct membership, bilateral or multilateral agreement. Regional integration is a process by which sovereign states in a particular region enter into an agreement to promote economic growth through the reduction of barriers to trade restrictions and safeguard common interests such as the environment. The removal of trade barriers results in a free trade zone thus creating a single market. Sovereign nations have many differences, some may be more economically sound and others may have a greater labor force or better technology. In the end,
The ministry of education, plus, Gen Damapong’s concept, they changed it—once applying, once examination—which have many disadvantages for the students even this year is still the same and I won’t affect, but this makes me realize that those adults have no insight of responsibility, they never think of students, they just alter it using their power and daydream that everything will be better even they have no any evidence to support their policy. I need to improve it; I need to have responsibility to my children, that is the reason why I want to study in USA and after I graduate I will come back here to change and improve with responsibility. Apart from being school counsellor, I want to be the
Globalization has become one of the most influential forces in the twentieth century. International integration of world views, products, trade and ideas has caused a variety of states to blur the lines of their borders and be open to an international perspective. The merger of the Europeans Union, the ASEAN group in the Pacific and NAFTA in North America is reflective of the notion of globalized trade. The North American Free Trade Agreement was the largest free trade zone in the world at its conception and set an example for the future of liberalized trade. The North American Free Trade Agreement is coming into it's twentieth anniversary on January 1st, 2014. 1 NAFTA not only sought to enhance the trade of goods and services across
The Asia-Pacific Economic Cooperation is an organization that was established in the year 1989. The cooperation creates tangible effects and benefits for the people within the Asia-Pacific region through their projects. There are currently 21 members (can also be referred to as “economies”) in the organization. In a year, it is estimated that the APEC members propose about 100 projects. These projects usually focus in sharing knowledge and skills to other people. For example, promoting and accelerating regional economic integration. Regional integration is a procedure which
Improving the value of exports is the primary goal of Thailand’s international trade policy. The Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) was established as an effective cooperative strategy for gaining market advantages through regional market integration. Thailand aims to capitalize on trade agreements by networking and entering partnership with neighboring countries. Currently, Thailand’s cross-border trade in the Greater Mekong Subregion (GMS) plays a crucial role in globalization, because it facilitates rapid and convenient trade and investment. Countries seek new export markets to disperse the risk of domestic market concentration, as evidenced by the economic recessions affecting
The EU recognizes that developmental efforts applied to individual cultural entities induce stability and a pro-western belief system (CS L2, 2013, 17). This framework serves to foster the integration of international partnerships with neighboring states and global partnerships with international powers such as the United States, Russia, the African Union, and the United Nations to pursue global stability through political, financial, and military efforts. The EU has also developed plans to invest and integrate with international organizations such as the World Trade Organization (WTO), Organization for Security and Cooperation in Europe (OSCE), Association of Southeast Asian Nations (ASEAN), (MERCOSER) and, Interpol to provide assistance in the foundation and continuance of an effective law and order structure, as well as fair trade principles within emerging democracies, and to assist recovering states with re-establishing financial and governmental integrity. These results will lead to an enhanced strategic position and level of security for the EU and its allies
to promote joint development in all fields of economic activity and the joint adoption of macro -economic policies and programmes; to raise the standard of living of its peoples, and to foster closer relations among its member
Critically evaluate the Asia-Pacific Economic Co-operation (APEC) forum’s attempts to enhance regional economic integration in the Asia-Pacific.
The Association of Southeast Asian Nations (ASEAN) has been the representative of regional economic cooperation and integration among developing countries. As part of the structural changes of the world economy, ASEAN has implemented intra-regional economic cooperation since 1976. The new goal is the establishment of the ASEAN Community which consisted of three pillars; ASEAN Political-Security Community, ASEAN Economic Community, and ASEAN Socio-Cultural Community. Since ASEAN has also been an important axis of regional economic cooperation and free trade agreements (FTA) in Asia and Pacific’s. A big step toward realization of ASEAN
Moreover, as already mentioned, despite the fact that DDA is stagnant and the EU and Japan have built up bilateral FTAs/EPAs, their core priorities of trade policy remain multilateral negotiations by supporting WTO. In fact, the EU and Japan can play vital roles as hubs in the Atlantic and the Pacific respectively; concerning mega-FTAs, while the EU prioritises to TTIP and Japan does to TPP, the EU-Japan FTA/EPA might be a crucial tool for global rules or standards. It is expected as a bridge between two large economic areas in the world, apropos leading trade and investment rules and standards, which would be complement for DDA (Iwaki, 2007: 28; Tanaka, 2015: 100). The EU-Japan is considered as ‘positive integration’ between West and East; thence, highly economic relationship between the EU and Japan conceivably develop economies of size and geo-economic and geopolitical advantages in the world as well as between the EU and Japan. (Kleimann, 2015; Sönderberg, 2012: 250).
In the second place, we have open regionalism, in which groups of countries agree to reduce restrictions on trade both between themselves and with other countries, that is, external liberalization by trade blocs, although the degree of liberalization on imports from non-member countries doesn’t need to be as high as that for member countries. Within this approach, we can find the APEC (Asia-Pacific Economic Cooperation) that encompasses most of the East Asian
Economic cooperation by various countries is a necessity as opposed to a choice in this globalized world. Many economic partnerships are regional, and all regions on the planet have their own. Examples include the European Union, the Economic Community of West African States, the North American Free Trade Agreement and the Association of Southeast Asian Nations. There are others that are not regionally based an example being the agreement established by the African Growth and Opportunity Act, which ties the United States and several African governments. The United Kingdom is not immune to these cooperative measures. This paper shall look at the structure.
Entrepreneurship education has been lauded as being able to create and increase awareness as well as promote self-employment as a career choice among young people (Clayton 1989; Fleming 1996). The objectives of entrepreneurship education are aimed in changing student’s state of behaviours and even intention that makes them to understand entrepreneurship, to become entrepreneurial and to become an entrepreneur that finally resulted in the formation of new businesses as well as new job opportunities (Fayolle and Gailly 2005; Hannon 2005; Venkatachalam and Waqif 2005). These day, many graduates are unable to get a job upon graduation. Students are now apparently searching for a business education that can help them with the necessary entrepreneurial