The 10-member Association of Southeast Asian Nations (ASEAN) Single Aviation Market (SAM), dubbed the open skies policy, seeks to liberalize air services under a single and unified air transport market in ASEAN by 2015. Air travel is part of a larger discussion among the proposed ASEAN Economic Community (AEC), whose objective is to increase economic integration among members through the harmonization of trade and investment policies under a single market and production base. The AEC, also slated for 2015, will rapidly transform the region into a fiercely competitive, unified player in the world’s economy, boosting intraregional trade and investment flows […]
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India, like any emerging great power, faces an array of strategic challenges. One that critically threatens both economic development and national security, but which so far has attracted surprisingly little attention, is illicit trade. The Federation of Indian Chambers of Commerce and Industry (FICCI) has awoken to this challenge. Within the past year, FICCI has published estimates shedding light on the extent of illicit trade for a number of legitimate business sectors. FICCI estimates that a quarter of fast-moving consumer goods, one in five mobile phones, a quarter of computer hardware and a third of auto components are from the […]
Since the conflict in South Sudan escalated in December, well-meaning governments and United Nations officials have repeatedly argued that only a political solution can end the fighting. “There is no military solution,” U.S. Ambassador to the U.N. Samantha Power told CNN on Christmas Eve. But the South Sudanese government does not seem entirely convinced. Over the past week it has ratcheted up its offensives against rebel-held areas, recapturing the economically important town of Bentiu. Bor, another major center in rebel hands, has also been under attack. The government is still in peace talks with rebel envoys, but it is evidently […]
In December, the Philippine government and Muslim separatists in the country’s south reached a power-sharing agreement for governing the Muslim-dominated areas on the island of Mindanao. In an email interview, Steven Rood, the Asia Foundation’s country representative for the Philippines and Pacific Island nations, explained what the agreement implies for the economic development of the southern Philippines. WPR: How integrated are conflicted-affected areas of the southern Philippines with the rest of the national economy, and what impact has the conflict had in terms of economic development? Steven Rood: After decades of conflict, the economy of parts of the southern Philippines […]