A new opportunity for South Asia–Southeast Asia integration
The time is ripe for enhancing economic integration between South Asia and Southeast Asia. The new “normal” era of slow growth in advanced industrial economies following the global financial crisis suggests that Asian economies will need to rely more on domestic and regional demand to secure inclusive growth. The recent slowdown in growth in the People’s Republic of China suggests further grounds for tapping growth opportunities between South Asia and Southeast Asia. The move toward an Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) in 2015 and beyond will provide for a large and more integrated market with notable purchasing power and scale economies. Read more.