SemesterSpring Semester, 2020
DepartmentSophomore Class of BA Program in Southeast Asian Languages and Cultures
Course NameIntroduction to Southeast Asian Economy
InstructorLE THI-NHAM
Credit3.0
Course TypeElective
Prerequisite
Course Objective
Course Description
Course Schedule

 



Week 1: The Regional Economic Integration Process in Southeast Asia




  • Introduction to the course

  • Evolution of ASEAN cooperation and institutional structure

  • Formation of ASEAN: Joined grouping in 1967 with Indonesia, Malaysia, Philippines, Singapore, and Thailand, was enlarged in 1984 to Brunei (ASEAN 6); and in the 1990s to Viet Nam, Laos, Myanmar, and Cambodia (ASEAN 10)

  • ASEAN organizational structure in different periods

  • Common characteristics

  • The Objectives of ASEAN economic community

  • Basic data within 10 countries ( in 2018-2019): total population, CPI, composition of exports/ imports, GDP growth rates of individual country



Sources:



[1] Southeast Asia in Search of an ASEAN community, pp-212.



[2] ASEAN Economic Community. Available online: https://asean.org/asean-economic-community/



[3] Rodolfo C. Severino, 2016, ASEAN Economic Community, pp. 33- 57.



[4] Faris Al-Fadhat, The rise of International Capital, pp. 97-103.



 



Week 2: The ASEAN Trade Patterns and Transitional Economies




  • The Agreement on the Common Effective Preferential Tariff ( CEPT) in 1992

  • The role and objectives of the ASEAN AFTA

  • ASEAN AFTA (AFTA): Political – Economy approach

  • Rule of origin

  • ASEAN plus three (APT)

  • ASEAN–Australia–New Zealand Free Trade Area

  • Trade Facilitation Synergies between WTO and ASEAN

  • Formation of Asia- Pacific economic cooperation (APEC)

  • Bilateral economic arrangement in the Asia-Pacific

  • Conclusion



Sources:



[1] Southeast Asia in Search of an ASEAN community, pp.222-255.



[2] Rodolfo C. Severino, 2016, ASEAN Economic Community, pp. 67-77



[3] ASEAN Secretariat, 2017, ASEAN Economic Community 2025 Consolidated Strategic Action Plan. ISSN 2335-6677, No.47.



[4] Jose L. Tongzon, 2002, The Economies of Southeast Asia Before and After the Crisis, pp. 181-229 & 126-128.



[5] Kiki Verico, 2017, The future of the ASEAN Economic Integration, pp. 52-62.



[6] Helen E.S., Southeast Asia in the Global Economy, pp. 98-114.



 



Week 3: The Role of Government in ASEAN Economies




  • Extent and nature of government intervention

  • The role of government at micro and macro level

  • Government intervention on state enterprises, small-medium sized enterprises, multinational enterprises

  • The role of Singapore government

  • The role of Thailand government

  • The role of Malaysia government

  • The role of Indonesia government

  • The role of the Philippines government

  • The role of Vietnam government



Source:



[1] Jose L. Tongzon, 2002, The Economies of Southeast Asia Before and After the Crisis, pp. 94-108.



[2] The Role of the State in Economic Development: Case study of Singapore, Thailand, Malaysia, Indonesia, the Philippines and Vietnam, 2018, the World bank publishing.



 



Week 4: The 1997 Asian Crisis and Its aftermath on the ASEAN Economies




  • The causes of the 1997 Asian crisis

  • The contagion effects in Asia

  • Economic impacts on the ASEAN economies: Inflation, GDP growth, unemployment and standard of living

  • The impact of the Asian crisis on ASEAN external economic relations

  • Road to Economic Recovery in ASEAN countries after the 1997 Asian crisis

  • Conclusion



Sources:



[1] Rodolfo C. Severino, 2016, ASEAN Economic Community, pp. 17-27.



[2] Jose L. Tongzon, 2002, The Economies of Southeast Asia Before and After the Crisis, pp. 155-178.



Case report #1: The trade patterns in East Asia



 



Week 5: The 2008 Global Financial Crisis: Impact and Response in Southeast Asia




  • Origin of financial crisis

  • Impact on financial crisis

  • Economic recession in Southeast Asia

  • ASEAN countries and experience

  • Road to economic recovery after the 2008 financial crisis

  • Case study: tacking on the global financial crisis in Vietnam

  • Conclusion



Source:



[1] Saw Swee- Hock, 2009, Managing Economic Crisis in Southeast Asia, pp.1-95 and 214-246.



Report #2: The 1997 Asian crisis and its aftermath in Taiwan economy



 



Week 6: Rising China, US Influence, and Southeast Asia: Background, Status and Outlook




  • US influence in Southeast Asia: Assessing the economic relation

  • Emerging China and Its interaction with ASEAN economies

  • Structural changes, economic challenges and political accommodation: managing the rise of China in Southeast Asia

  • Recent development and assessing China’s influence in Southeast Asia

  • China’s capital and its impact

  • Vietnam-China economic relations and recommendations for ASEAN – China cooperation

  • Conclusion

    Sources:



[1] Das, Sanchita, 2016, Can the US-ASEAN Connect Initiative Create Stronger US-ASEAN Economic Relations?



[2] Min- Hua Chiang, 2019, China–ASEAN economic relations after establishment of free trade area, pp. 267-290.



[3] ASEAN industries and Challenges from China, pp. 18-38.



[4] Young-Chan Kim, 2016, Chinese Global Production Networks in ASEAN, pp. 1-37.



Report #3:



1. Study of Liquidity in Taiwan's Financial Markets During the 2007-2009 Financial Crisis



2. Thailand’s Economic Performance and Reponses to the Global Financial Crisis



 



Week 7: Foreign Invest Flow in ASEAN Economic Growth




  • The role of foreign invest flow (FDI) in ASEAN economic growth

  • Determinants of foreign direct investment in ASEAN

  • FDI Trends and development in ASEAN 2017-2019

  • Southeast Asia’s long-term performance in attracting FDI

  • Multinationals enterprises (MNEs) activities and operations in ASEAN

  • Benefits and costs

  • Managing foreign capital

  • FDI by country destination

  • Conclusion



Sources:



[1] The ASEAN Secretariat and UNCTAD, ASEAN Investment Report 2017, 2018, 2019.



[2] Kiki Verico, 2017, The future of the ASEAN Economic Integration, pp. 27-46.



[3] Jose L. Tongzon, 2002, The Economies of Southeast Asia Before and After the Crisis, pp. 138-151.



Report #4: Rising China and its impact to Taiwan Economy



 



Week 8: Southeast Asian countries in Global Production Networks




  • The concept of global production networks (GPNs)

  • The historical overview of the Southeast Asia’s engagement in global production sharing

  • Geographic profile of network trade

  • The Impact of China's global production networks in ASEAN

  • India's network trade with Southeast Asia

  • Factors and mechanisms influencing countries’ participation in GPNs

  • Conclusion



Source:



[1] Rodolfo C. Severino, 2016, ASEAN Economic Community, pp. 79-95.



[2] Kunal Sen, 2016, Global Production Networks and Economic Corridors: Can They Be Drivers for South Asia’s Growth and Regional Integration, No.33.



[4] Lili Yan Ing, 2019, Production Networks in Southeast Asia.



[5] Young-Chan Kim (ed.), 2016, Chinese Global Production Networks in ASEAN.



[6] Vilavong, 2016, Global production sharing and trade patterns in ASEAN.



Report #5: The overview of Thai Economy



 



Week 9: The Role of Indonesian Economy in ASEAN Community



 



Special Guest. Associate Professor. Vinsensio M. Dugis



Department of International Relations, Airlangga University, Indonesia



 



Week 10: Taiwan's economic Ties with Southeast Asian countries




  • Taiwan's "go south" policy and the Mainland China factor

  • Taiwan's soft power and public diplomacy in southeast Asia

  • Taiwan- ASEAN trade relation

  • Why invest in Southeast Asia

  • Taiwan’s FDI outflows in ASEAN

  • The rise of Tai-shang in ASEAN economic integration

  • Taiwan major industries in ASEAN: electronics, machineries, mineral fuels

  • Prospects for Taiwan- Southeast Asia relations

  • Compare China and Taiwan business in Southeast Asia

  • Strategies of China’s expansion and Taiwan’s survival in Southeast Asia

  • Conclusion



Sources:



[1] Jing, Bo-jiun, 2016, Taiwan and Southeast Asia: opportunities and constraints of continued engagement, pp. 46-



[2] Zhao Hong, 2011, Taiwan-ASEAN Economic Relations in the Context of East Asian Regional Integration, pp. 39-54.



[3] Ngeow Chow Bing, 2015, Taiwan’ Go South Policy, pp. 96-126.



[4] Tsun-tzu Kristy Hsu, A Review of Taiwan’s Old and New Go South Policy: An Economic Perspective, No. 63.



[5] Alan Hao Yang, Hsin-Huang Michael Hsiao, 2016, Tai-shang (Taiwan Business) in Southeast Asia: Profile and Issues, DOI 10.1007/978-3-319-24232-3-11.



[6] Samuel C.Y. Ku, 2016, Strategies of China’s Expansion and Taiwan’s Survival in Southeast Asia, No.14.



Report #6: The overview of Vietnam economy



 



Week 11: Macroeconomic Assessment and Economic Outlook for Southeast Asia (2017-2019)




  • Overview and main findings

  • Recent development

  • Risks persist for Emerging Asia’s exports amid global trade instability

  • Headline inflation remains subdued but food prices are rising in some countries

  • Governments favor gradual and contained fiscal expansion

  • The global trade tensions present an opportunity to shift the region’s investment and trade strategies

  • Conclusion



Sources:



[1] OECD, 2019, Economic outlook for Southeast Asia, China and India 2020: Rethinking Education for the Digital Era, pp. 37-91.



[2] OECD, 2018, Economic outlook for Southeast Asia: Towards smart urban transportation, pp. 1-100.



[3] OECD, 2017, Economic outlook for Southeast Asia: Addressing energy challenges.



Report # 7: The overview of Malaysia economy



 



Week 12: Small and Medium- Sized Enterprises in ASEAN Economic Community




  • The role of small and medium sized enterprises (SMEs) in ASEAN economic community

  • Environmental policy and SMEs

  • SMEs activities and operation in ASEAN

  • Access to market and internationalization

  • Country case: SMEs in Vietnam

  • Conclusion



Sources:



[1] SME Policy Index: ASEAN 2018, Boosting Competitiveness and Inclusive Growth, OECD publishing.



Report # 8: The overview of the Philippines economy



 



Week 13: Global Value Chain Participation in Southeast Asia




  • Introduction to global value chain (GVC)

  • Participation and benefits of SMEs in GVCs in Southeast Asia

  • What opportunities can GVCs provide SMEs

  • Mapping the participation of ASEAN- SMEs in global value chain

  • What benefits are SMEs drawing from the GVCs participations

  • What is the evidence of SMEs- MNE (multinational enterprises) linkage through GVCs

  • Conclusion



Source:



[1] Lopez-Gonzalez, 2015, Global Value Chain Participation in Southeast Asia - Trade and Related Policy Implications, No.71.



[2] Participation and benefits of SMEs in GVCs in Southeast Asia, 2019, OECD publishing.



[1] Lopez Gonzalez, 2017, Mapping the participation of ASEAN- SMEs in global value chain, No. 203, OECD publishing, Paris.



Report # 9: SMEs: The case of Thailand, Indonesia



 



Week 14: Globalization, Industrialization, and Labor Markets in ASEAN countries




  • Introduction to the globalization, industrialization, and labor markets

  • Industrialization and labor in Malaysia

  • Globalization of industrialization and its impact on clothing workers in Myanmar

  • Growth and employment in de-industrializing Philippines

  • Globalization, industrialization, and labor markets in Vietnam

  • Conclusion



Sources:



[1] Chew Soon Beng and Rosalind Chew, 2009, Southeast Asia in the Global Economy, pp. 149-171.



[2] Rodolfo C. Severino, 2016, ASEAN Economic Community, pp. 175- 189.



[3] Rajah Rasiah, 2016, Globalization, Industrialization and Labor Markets in East and South Asia, pp. 57-165.



Report # 10: SMEs: The case of The Philippines, and Malaysia.



 



Week15 : Economic Zones in ASEAN: Development, Players and Contribution




  • Introduction to the economic zone development in ASEAN

  • Feature and characteristics and key issues of economic zone in ASEAN

  • Evolution of economic zones in ASEAN

  • Significant of economic zone in ASEAN

  • Economic zones as investment facilitation tools in ASEAN

  • Growing role of border special economic zone

  • Conclusion

     



Sources:



[1] The ASEAN Secretariat and UNCTAD, ASEAN Investment Report 2017, pp. 99-



Report # 11: Globalization, industrialization, and labor markets regime in Indonesia



 



Week 16: Dollarization and De-dollarization in Transitional Economies of Southeast Asia




  • Dollarization and de-dollarization in transitional economies of Southeast Asia: an overview

  • Dollarization and de-dollarization policy: The case of Vietnam

  • Economic growth, monetary policy, and dollarization in Cambodia, Laos, Myanmar and Vietnam (CLMV countries)

  • Banking and dollarization: a comparison between CLMV countries

  • Conclusion



Sources:



[1] Koji Kubo (ed.), 2017, Dollarization and De-dollarization in Transitional Economies of Southeast Asia.



Report # 12: Industrialization, globalization and labor force participation in Thailand



 



Week 17 : Southeast Asian Regional Policy Network on Education and Skills




  • Introduction

  • Boosting digital readiness in emerging ASEAN economies

  • Current and future skills demand and supply in Cambodia, Indonesia, Malaysia, and Thailand

  • Enhancing the curriculum and updating teachers’ skill

  • Country-specific challenges in emerging ASEAN countries

  • Financing adult education and human resource development

  • Building local responsiveness in employment and skills systems in Southeast Asia

  • Conclusion



Sources:



[1] Economic Outlook for Southeast Asia, China and India 2020: Rethinking Education for the Digital Era, OECD publishing, pp. 95-144.



[2] Barr and Attrey, Building local responsiveness in employment and skills systems in Southeast Asia, OECD publishing, pp. 6-21.



Report # 13: Dollarization and de-dollarization policy: The case of Cambodia, Lao and Myanmar



 



Week 18: The ASEAN Economy in the Regional Context: Opportunities, Challenges, and Prospects




  • Free trade and economic opportunities

  • Opportunities arising from regional economic interdependence

  • Cost and challenges under ASEAN economic integration

  • Key challenges to the outlook

  • ASEAN toward 2025

  • Conclusion



Sources:



[1] Economic Outlook for Southeast Asia, China and India 2020: Rethinking Education for the Digital Era, OECD publishing, pp. 95-144.



[2] Giovanni Capannelli, 2014, The ASEAN Economy in the Regional Context: Opportunities, Challenges, and Policy Options, No.145.



[3] ASEAN Secretariat, 2017, ASEAN Economic Community 2025 Consolidated Strategic Action Plan. ISSN 2335-6677, No.47.


Teaching Methods
Teaching Assistant
Requirement/Grading

Students are responsible for reading materials before class in order to reserve valuable in-class time for practice sharing. All assignments are sent to instructor's email prior to the deadlines. The final grades are determined by 3 parts as following:




  1. Attendance: 30%

  2. In-class quiz and critical feedbacks: 20%

  3. Case reports: 50%



Note: One group (3-5 students) is required to present one case report in term of aspects of ASEAN economies, reading material given by instructor.


Textbook & Reference
Urls about Course
Attachment