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Title: Introduction - Southeast Asia and the Belt and Road Initiative : the political economy of regionalism, trade, and infrastructure
Authors: Liu, Hong
Tan, Kong Yam
Lim, Guanie
Keywords: Social sciences::Political science
Issue Date: 2020
Source: Liu, H., Tan, K. Y. & Lim, G. (2020). Introduction - Southeast Asia and the Belt and Road Initiative : the political economy of regionalism, trade, and infrastructure. Singapore Economic Review, 66(1), 1-20.
Project: 04INS000103C430
Journal: Singapore Economic Review
Abstract: Since its launch in late 2013, the Belt and Road Initiative (BRI) has become a significant factor in shaping China's economic and diplomatic relations with the world. China's increasing clout presents opportunities as well as challenges, especially for the developing economies of the Association of Southeast Asian Nations (ASEAN) which constitute major sites for investment and trade alongside the BRI routes. This special issue examines whether and to what extent China's economic ascendancy has impacted the proposed ASEAN Economic Community and the respective nations in the region. It deals with this question by grounding the analysis along three themes-institutions at a regional level, industry/sector, and particular ASEAN countries' economic relationship with China. A total of 12 articles are presented to illuminate the state of affairs at the regional level and in specific ASEAN economies. They point to the importance of managing trade and investment flows stemming from China's increasingly sophisticated national firms. This in turn hinges on forging 'rules of the game' at both the multilateral and bilateral levels, which potentially leads to mutually beneficial industrialization and long-term wealth creation. In addition to summarizing key findings of the articles in the special issue, this introductory essay examines some of the key themes confronting ASEAN in its engagement with the BRI such as institutions, global supply chains, and economic strategies. It concludes with a brief discussion on the impact of the COVID-19 pandemic on the BRI in Southeast Asia, and on ways to enhance regional integration.
ISSN: 0217-5908
DOI: 10.1142/S021759082102001X
Rights: © 2020 World Scientific Publishing Company. All rights reserved.
Fulltext Permission: none
Fulltext Availability: No Fulltext
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