Shaping Policy Reform and Peer Review in Southeast Asia

Integrating Economies Amid Diversity

image of Shaping Policy Reform and Peer Review in Southeast Asia

The Southeast Asian region has experienced remarkable economic dynamism in the past few decades. An interesting feature of recent developments in the region, is that in spite of its diversity, several initiatives have been launched towards integration.

The peer review mechanism has been a tried and tested instrument for OECD member states to work together successfully over the past decades. This tool could benefit the Southeast Asian region as it helps identify good practices, establish standards and principles and ultimately improve the performance of participating economies. This publication presents the proceedings of a conference in which  the possible application of peer reviews to address regional and domestic challenges in Southeast Asia were discussed.



Evolving ASEAN+3 ERPD

Towards Peer Reviews or Due Diligence?

The Asian financial crisis of 1997–98 caused significant damage to economies in East Asia. The crisis prompted the region’s policy makers to realise the importance of economic and financial co-operation among themselves given the region’s deepening economic interdependence. Following the crisis, therefore, East Asia embarked on various initiatives to manage such interdependence and achieve stable economic growth.


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