asean

The Southeast Asian region, with an estimated population of 600 million, is anticipated to join the ranks of China and India as a major economic growth force in Asia should its constituent countries succeed in integrating their economies by 2015.

If the integration of the Association of Southeast Asian Nations (Asean) is implemented as planned, trading of goods, inter-country investments and labor mobility within the region will become much easier, said Changyong Rhee, chief economist of the Asian Development Bank (ADB).

This will significantly reduce the cost of production for the businesses and economic growth of member-countries and of the entire region will accelerate, said the ADB’s top economist.

With this favorable scenario, Southeast Asia will become more attractive to investors and thus corner more direct investments from multinational companies from outside the region, he said.

“A new growth force is coming in Asia,” Rhee told a press conference on the sidelines of the 45th annual meeting of the ADB board of governors that is being hosted this year by the Philippines.

Asean had their conference titled "Asian development, outlook 2011, south-south economic links" In this conference, they talked about the aim of achieving full economic integration by 2015, creating a single market and production base that will allow the free flow of goods, services, investment, capital and labor throughout the region. By this, Southeast Asians would find it easy to find jobs, more jobs. Once Asean integration is completed, the region will be able to corner more foreign direct investments. It will increase the economic growth of the country. It will help many people not only the middle people but also the poor ones.

Maybe in coming 2015, we will see a better country. more jobs offer, better education, a cleaner environment, etc. I hope not only the Asia's will help us, but also the other foreign nation.