Association of Southeast Asian Nations - Economic Community

Economic Community

ASEAN has emphasised regional cooperation in the “three pillars”, which are security, sociocultural integration, and economic integration. The regional grouping has made the most progress in economic integration by creating an ASEAN Economic Community (AEC) by 2015. The average economic growths of ASEAN's member nations during 1989–2009 was Singapore with 6.73 percent, Malaysia with 6.15 percent, Indonesia with 5.16 percent, Thailand with 5.02 percent, and the Philippines with 3.79 percent. This economic growth was greater than the average Asia-Pacific Economic Cooperation (APEC) economic growth, which was 2.83 percent.

Read more about this topic:  Association Of Southeast Asian Nations

Famous quotes containing the words economic and/or community:

    A two-parent family based on love and commitment can be a wonderful thing, but historically speaking the “two-parent paradigm” has left an extraordinary amount of room for economic inequality, violence and male dominance.
    Stephanie Coontz (20th century)

    Fortunately art is a community effort—a small but select community living in a spiritualized world endeavoring to interpret the wars and the solitudes of the flesh.
    Allen Ginsberg (b. 1926)