Benefits of the Asean Economic Community (AEC) Essay

– Get top-rated homework assistance online by professional writers. Free of AI and Plagiarism.- “There will be no shortage of funding coming from within Asean, the Asia Pacific or even the US and Europe. These investments can bring about badly needed capital for some countries, allowing them to leapfrog from the 20th century into the 21st in terms of competition in mature countries such as Thailand and Malaysia”, said the report.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.

* SMEs accounted for 96% of enterprises and between 50-85% of domestic employment across Asean. Integrating these SMEs and supporting them in the inital period will be a challenge throughout ASEAN but particularly in the lesser developed ASEAN countries. Recently I was in SIngapore and it is obvious that the Singapore government fully realizes the challenge and the opportunity that the AEC will represent to SMEs and is putting both the planning talent and the resources to better support their SMEs. I was also in Vietnam and Thailand and although both countries are starting to verbalize and meet to develop more effective plans for SME integration and support, it is obvious that these plans are probably behind where they need to be. In countries, such as Cambodia, Laos and Myanmar (Burma), plans are even further behind and more in need of support and resources.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.

* Tourism opportunity. Asians travels more in the region and there are more travelers from other countries that have begun to reach out to Asia as new visitors. The trends were evident at the recent Hub City Forum, held by the Pacific Asia Tourism Association (Pata), where more than 100 travel industry executives discussed the tourism potential, government’s spending to upgrade facilities both for leisure attractions like museums; and also MICE facilities such as convention centers, reported the newspaper. MICE tourism opportunities are particularly large and hopefully countries that have the most experience in this area such as Thailand and SIngapore will render their assistance to those with weak MICE experience – recent examples of this are Thailand with Vietnam and also some talk in Thailand about rendering assistance in Laos and possibly Cambodia.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.

* Internationalization of health care under the AEC. Health care is one of the sectors to be internationalized. This is definitely a big challenge as it is more complicated than just the popularity of Singapore and Thailand’s “medical tourism” that patients travel from one country to another seeking better care at lower cost. The legal and licensing frameworks are still needed to be worked out. However, it offers potentials for the free-flow of health services, etc. in the region. Recent examples here were noted in the Bangkok Post in mid-March which noted programs by Thailand’s largest medical service BGH and other Thai hospital groups to step-up the pace of mergers and acquistions and joint ventures in other AEC countries to help give them a better platform to better take care of developing AEC opportunitiesNeed Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.

Current SituationNeed Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.

– The AEC development has been criticized for being “too slow” and some observers have said that the issues that have been delayed were those of importance and could make or break the success of the integration. Some specialists also commented about the lack of leadership on this issue – the role of Asean chairmanship is a rotating position and a series of officials from the poorer, less developed Asean countries will be the chair of Asean for the next few years which means that leadership will be inexperienced and possibly be less interested in pushing ahead quickly with integration on all fronts.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.

Furthermore, Asean will suffer the departure of a strong leader as the current Asean Secretary General, Thai diplomat Surin Pitsuwan, is completing his 5-year term as Asean Secretary-General this year. As an experienced diplomat Surin Pitsuwan and prior to him the equally experienced Ong Keng Yong from Singapore have pushed ahead on integration. Some observers note that the less experienced officials from poorer and less developed Asean countries set to follow them will not have the same leadership skills, experience or knowledge and that this will tell on future progress.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.

– Infrastructure development among the Asean countries: both the development of hard infrastructure such as roads, ports, airports, etc. and soft infrastructure such as human resource and training are being concentrated. Hard infrastructure: Many countries’ governments have plans to upgrade their infrastructure, such as the plan of three highways linking Asean – the North/South one linking South 论文帮助/论文写作服务/负担得起我及时提交我最好的质量 – China through Myanmar, Thailand, Lao and Vietnam; the East/West Corridor linking Myanmar, Thailand, Laos, and Vietnam; and the South/South one linking Myanmar’s Dawei deep seaport, Thailand’s Laem Chabang and Cambodia (link to our infrastructure article). Thailand’s government has also been talking to 论文帮助/论文写作服务/负担得起我及时提交我最好的质量 – China about the high-speed train project linking Laos and Thailand’s Nong Khai to the southern border and Malaysia.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.

For soft infrastructure, better English speaking countries in Asean, such as Singapore, Malaysia and the Philippines will have an advantage over countries like Thailand. According to the Bangkok Post, Thailand has established the ‘‘English Speaking Year 2012’’ program in preparation for the merging of the AEC. This is a step in the right direction but what is ultimately needed is not only a program but a new mind-set. Thailand has not given enough attention to improving English skills throughout its education system and now is in a somewhat weaker position to countries such as Vietnam who have given increased attention to this and also benefit from having a western alphabet that makes learning of English both reading and writing easier than in Thailand.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.

– The banking sector will particularly need to stay ahead of the game to facilitate investors and to support their moves throughout the region. Singaporean and Malaysian banks and telecoms, for instance, have invested heavily in the region and seem to be slightly ahead of other competitors in
better preparing themselves for the AEC.
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– Executives have to adjust strategy. Inside the AEC, managers will increasingly have to pursue sales opportunities across the region while focusing relentlessly on cost efficiencies by integrating their operations across the region, managing through lean techniques but also developing effective corporate centralization. Externally, managers in countries such as the US, Write my essay for me – CA Essay writer Canada and Europe are going to have to start paying better attention to this new opportunity.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.

Many of them right now seem to have eyes for only 论文帮助/论文写作服务/负担得起我及时提交我最好的质量 – China and India. Asia is much more than either of these two countries and western managers need to study and better understand the opportunities that the AEC presents. In 论文帮助/论文写作服务/负担得起我及时提交我最好的质量 – China and India, the AEC also is not fully appreciated nor understood and both Indian and Chinese managers need to also focus more attention and to travel and address the opportunities that the AEC presents.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.

– Asean members still view each other as competitors, for inbound investment and jobs, reported USITC. Ultimately, these distinctions should start to fade to some extent but in the future the line between competitor and collaborator within Asean may become less clear. The Asean members will need legally binding means to enforce compliance with the objectives of the roadmaps, suggested the report.Need Assignment Help Online, Homework Solutions & Case Study Answers? Order Custom Research Essay Writing Service.
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