Facing globalization, many regions tend to integrate their economy in order to have a better bargaining position in comparison to other regions such as the EU, NAFTA and East Asian countries. The history of East Asian Economic integration itself began on 8 August 1967 with the establishment of the Association of Southeast Asian Nations, or ASEAN, in Bangkok, its aims and purposes being to:
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accelerate the economic growth, social progress and cultural development in the region through joint endeavours in the spirit of equality and partnership in order to strengthen the foundation for a prosperous and peaceful community of Southeast Asian nations, and
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promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries in the region and adherence to the principles of the United Nations Charter.
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Achsani, N.A., Siregar, H. (2009). Toward East Asian Economic Integration: Classification of the ASEAN + 3 Economies Using Fuzzy Clustering Approach. In: Welfens, P.J.J., Ryan, C., Chirathivat, S., Knipping, F. (eds) EU - Asean. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-87389-1_7
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