Challenges And Prospects For The Asean Economic Community.

The ASEAN Community 2015 is comprised of three pillars, the ASEAN Political-Security Community (APSC), the ASEAN Economic Community (AEC), and the ASEAN Socio-Cultural Community (ASCC). AEC’s end-goal of a “single market” connotes an EU-style common market where there is complete freedom of trade of goods, services, capital and labor (Peter, 2005).

The blueprint for realizing an ASEAN Economic Community (AEC) by 2015 was adopted and signed by ASEAN Leaders in November 2007 in Singapore during their annual Summit Meeting. One of the main objectives of an AEC is to create a single market and production base by ensuring a free flow of goods, services, investment, capital and skilled labor.

Many foreigners see the potential in Asean and are starting to invest more resources into the region. 7 GVC: Global Value Chain. Defined by the World Bank Group as the “international fragmentation of production.” 8 Asean has a unique mix of unskilled labour and entrepreneurship not unlike major economic powers such as China and the United.

Downloadable! The ASEAN Economic Community (AEC) is the largest integration effort attempted in the developing world; if realized, it will create a single market with the free movement of goods, services, foreign direct investment and skilled labor, and freer movement of capital encompassing nearly 600 million people. The study finds that the AEC could yield benefits similar to those of the.

One of the major projects of the Association of Southeast Asian Nations is the establishment of an ASEAN Economic Community, which aims to integrate Southeast Asia’s diverse economies, a region.

The three pillars of the ASEAN Community are the ASEAN Political-Security Community (APSC), the ASEAN Economic Community (AEC) and ASEAN Socio-Cultural Community (ASCC). Although the economy is a key driver of growth, and it is tempting to focus on the economy over political security and social welfare, it is important to recognise that within ASEAN, the countries are all at different stages.

The purpose of this study is: 1) to comparatively analyze information on nursing licensing examinations (NLE) across ASEAN countries; and 2) to present information on the human resources required for a successful nursing workforce. This study reviews all documents published on the subject within the ASEAN Economic Community.

The technical papers on promoting trade in respective services, including policy recommendations discussed at the seminars, were posted on the Centre’s website, contributing to the ASEAN Economic Community process in the area of the ASEAN Framework Agreement on Services (AFAS) and ASEAN Trade in Services Agreement (ATISA).

Keywords: Human Capital, Regulation, Competitiveness, Asean Economic Community JEL Classicication: J2-J48-L51-N40 I. Introduction Indonesia is currently racing in the vortex of the Southeast Asia free market, or commonly known as the ASEAN Economic Community (AEC), which had begun in 2015. The AEC is an economic integration.

Besides the advanced economic integration of the EU which achieved the ultimate aim of a single currency, in Southeast Asia, the ASEAN Economic Community indicates that it has potential to complete real sector integration towards monetary one.

The Association of Southeast Asian Nations (ASEAN) has experienced rapid economic growth for many years. Although the population of ASEAN is larger than the EU-28, the emerging ASEAN market, called the ASEAN Economic Community (AEC), is still little understood by policy makers in many parts of the world, by business professionals and students, as well as by scholars in economics, business.

The potential imbalance or unfair movement of physicians and relevant policies or agreements across ASEAN countries embed a sense of domination; this inevitably distorts the concept of unity. Any political negotiation regarding the medical license validity should be carefully done, however.