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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.

English

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Overview

Economic Integration amid Diversity and Peer Reviews in Southeast Asia – Where Do We Stand?

The Southeast Asian region has experienced remarkable economic dynamism. While this strong growth path, often characterised as an “economic miracle”, was interrupted by the Asian crisis of 1997, ten years later several indicators show signs of a sound recovery. Although the fallout from the crisis has not been fully eliminated, economic growth has been robust and trade and investment flows have been escalating due to increasing international division of labour. Southeast Asia has made significant progress in integrating into the global economy; at the same time integration within the region has also strengthened. An examination of recent developments in the region shows that despite regional diversity, several initiatives have been launched towards integration.

English

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