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By Paul J.J. Welfens, Franz Knipping, Suthiphand Chirathivat

Broadening and deepening of financial and political integration are hallmarks of the european and ASEAN. This e-book seriously analyses the industrial and institutional alterations in either Europe and Asia. there's huge capability for instability, yet one additionally reveals local progress possibilities. Comparative coverage research and overview of assorted cooperation recommendations are awarded. Emphasis is on banking, monetary industry dynamics, ICT, and macroeconomic guidelines in addition to alternate, strength, and environmental concerns. felony points are mixed with old and monetary views. Due emphasis is also at the effect of China and the position of foreign corporations. The comparative research of ecu and ASEAN integration indicates very important coverage offerings, together with these on the multilateral level.

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Extra info for Integration in Asia and Europe: Historical Dynamics, Political Issues, and Economic Perspectives

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In Asia, the liberalization of telecommunications is rather advanced in Singapore and in Japan but not so much in other Asian countries. There is, however, a worldwide tendency towards liberalization, privatization and regulation in the fixed line network. J. Welfens blurred the market demarcation between TV and telecommunications and between data traffic and voice telephony. In traditional fixed line telecommunications – with monopolistic state-owned network operators in EU countries – there was considerable cross-subsidization in the sense that universal service obligations meant uniform access prices across all regions and that long distance calls and international calls were overpriced compared to the respective costs.

In many respects, though, it was Section B, which elaborated the ASEAN Economic Community, that marked a decisive step forward. This would be the realisation of the process of economic integration as outlined in ASEAN Vision 2020. It was B 3 that was the critical provision: The ASEAN Economic Community shall establish ASEAN as a single market and production base, turning the diversity that characterises the region into opportunities for business complementation making the ASEAN a more dynamic and stronger segment of the global supply chain.

In terms of PC density, these three countries are better than the EU’s weakest country, Greece. The Philippines show a relatively good position in mobile telecommunications density, but are weak in other segments. Malaysia is known for its ambitious digital modernization program as is Thailand. As these countries continue in their economic catching-up process one may anticipate a rise of digital indicators. J. Welfens x as China, with its comparative advantage in labor intensive production, continues its modernization process, there will be growing pressure on ASEAN countries to gradually move up the technology ladder and to accelerate the move towards a services society in which computers – as well as complementary software – and modern telecommunications play a considerable role; x some ASEAN countries (and also some EU accession countries) might develop a comparative advantage in telecommunications equipment or in the production of PCs and related equipment, which could accelerate accumulation of ICT capital.

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