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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.

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Integrating Newer ASEAN Members and Peer Review

Ten years have passed since the 1997 East Asian crisis which dealt a heavy blow to the member countries of the Association of Southeast Asian Nations (ASEAN).1 Having recovered strongly from the crisis, ASEAN has proven to be one of the most dynamic regions in the world economy. Improved business environments have allowed the countries of this region to benefit from their increasing integration in the global economy. Growth has been largely driven by strong export and investment activities. The region’s enterprises have expanded their participation into global value chains and in some cases managed to move up their technological ladders.

English

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