If the United States is a reluctant superpower, then the Association of Southeast Asian Nations (Asean) is a reluctant economic bloc, said a panelist in this year’s Asian Business Conference “2015 Approaching.”
Paulius Kuncinas, Asia regional editor of the Oxford Business Group on June 26 said the Asean is “a very efficient and very ambitious trading bloc but it somehow got stuck in the path of reaching a full economic integration.”
… Cecilia Reyes, chief investment officer of Zurich Insurance Group said that it is difficult to imagine how integration could happen in a region that includes the mature economy of Singapore and least developed countries like Laos and Myanmar.
Nevertheless, she said it is achievable.
… Laurent Jacque, professor of international finance and banking at the The Fletcher School in Tufts University, was also optimistic, saying great benefits await those who are willing to push forward.
However, “There is a lot of work that goes in coordination to harmonization to integration,” he said.
Read the full article