ASEAN Economic Integration: Challenges and Opportunities

Abstract

In the article it is considered the urgent issues of economic integration of the Association of Southeast
Asian Nations (ASEAN). It has been explored the influence of ASEAN integration during the ten-year
period, from 2007 till 2017. The main goal of the research is to analyze the current situation, challenges
and opportunities of ASEAN integration in context of government blueprints till 2025. Within the framework
of the goal, the impact of ASEAN integration before and after agreeing to ASEAN for the 10-year
period has been investigated. It has been studied the theoretical and methodological backgrounds of
ASEAN integration. It has been considered in detail progressive factors of the ASEAN blueprints roadmap.
The detailed analysis of the main economic indicators of the ASEAN countries has been carried
out. The analysis of the current economic situation has confirmed that the main problems are the significant
economic, financial, political and social disparities in ASEAN. At the same time, the situation is
becoming more acute due to the disputes regarding the South China Sea between several participating
countries. The plan for improving indicators has been developed, and recommendations to improve
measurement tools have been proposed.