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Economic Outlook for Southeast Asia, China and India 2016

Enhancing Regional Ties

image of Economic Outlook for Southeast Asia, China and India 2016

The annual Economic Outlook for Southeast Asia, China and India examines Asia’s regional economic growth, development and regional integration process. It focuses on the economic conditions of Association of Southeast Asian Nations (ASEAN) member countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam. It also addresses relevant economic issues in People’s Republic of China and India to fully reflect economic developments in the region. The 2016 edition of the Economic Outlook for Southeast Asia, China and India comprises three main parts, each highlighting a particular dimension of recent economic developments in the region. The first part presents the regional economic monitor, depicting the medium-term economic outlook and macroeconomic challenges in the region. The second part consists of three chapters on “enhancing regional ties”, which is the special thematic focus of this edition. The third part includes structural policy country notes.

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Strengthening institutional capacity for integration in Emerging Asia

OECD Development Centre

While limitations in regional institutional capacities can pose obstacles to integration efforts, effective co-ordination between regional, sub-regional and national targets is critical in designing and implementing regional initiatives. These initiatives are generally not closely aligned with national development priorities, suggesting that national expertise and sub-regional initiatives can be better used in constructing regional plans. The relative underdevelopment of the CLM countries poses an additional challenge to their contributing to co-operative efforts, though work is being done to narrow these development gaps. A practical solution to be pursued in the short term to help motivate and facilitate greater achievement of regional goals would be to improve monitoring efforts through the use of existing frameworks such as ASEAN+6, the creation of new indicators and policy dialogue through peer review and other tools.

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