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Aec (Asean Economic Community) 2015: Challenges And Opportunities For Indonesia

1019 words - 5 pages

Globalization is inevitable to be avoided. Josep Stiglitz, in his book Making Globalization Work suggests that there are no countries which can avoid themselves from globalization. Every country in the world with its own potential and uniqueness must be ready to involve in the globalization era. The enormous potential which can support the attempt to involve in globalization era covers natural resources, human resources, local wisdom, cultural diversity, education, industrialization etc.
In addition to the advancement in technology, transportation, and telecommunication, the more complex needs of countries in the world generates interdependence of economic and cultural activities between ...view middle of the document...

In regard to ASEAN vision "One Vision, One Identity, One Community", also to the partnership in a community of caring societies, the ASEAN Leaders in 2003 resolved that ASEAN Community (AC) shall be established in 2020. In 2007, the leaders agreed that the AC shall be established earlier in 2015 as a commitment for the acceleration of its establishment (ASEAN Economic Community Factbook, 2011:3-9). The AC is comprised of three pillars; the ASEAN Political-Security Community, ASEAN Economic Community and ASEAN Socio-Cultural Community. The AEC’s targets for the implementation cover: (a). a single market and production base, (b) a highly competitive economic region, (c) a region of equitable economic development and (d) a region fully integrated into the global economy. These targets allow all countries in the region to market their resources to the global world to intensify their local production. Though, it is not easy to achieve that.
Indonesia, the biggest market in ASEAN, plays important roles in region (Oberman, R., Dobbs, R., Budiman, A., Thompson, F. & Rosse, M., 2012: 19). According to Aryanto Sagala in, Indonesia should benefit the establishment of AEC 2015 to market its potential commodity to the region. After the 1997-1998 monetary crisis, Indonesia has experienced rapid industrialization in terms of economic and other sectors. The cooperation between Indonesia with other regional or multi-regional economic cooperation has supported the attempt to strengthen economic condition of the country. As a member of ASEAN, Indonesia has also been participating actively to develop regional and local economy in tandem.
Regarding to the resolution of AEC, Indonesia can develop its own economic condition and benefit the establishment of AEC by integrating its industrial sectors with the existing production networks in the region. In terms of reducing poverty, the AEC could help Indonesia’s income distribution be more equally distributed because of its openness policies should help poor people to utilize more effectively the economic development. This accomplishment, however, can only be accomplished when supporting factors are provided to sustain economic activities. The factors are the quality of human resources, product development, nationalism etc. ...


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