Work

The ‘ASEAN Way’ and ASEAN’s development gap with Cambodia, Laos, Myanmar and Vietnam: a critical view

Year: 2019

Type: article

Abstract: The ‘ASEAN Way’, as an approach to interstate relations within ASEAN, is analysed in relation to the ‘reduction of the development gap’ (RDG) with Cambodia, Laos, Myanmar and Vietnam (CLMV). It is found that convergence of income per capita and development levels of CLMV is only to a limited extend the result of RDG and its pace is too slow. With the help of the Asian Development Bank and other regional and multilateral financial institutions, the development cooperation funds thus assembled, could leverage a multitude of loans and funds from donor organizations and countries, including the EU and its member countries.

Source: Asia Pacific Business Review

DOI: 10.1080/13602381.2019.1652980

Author: Ludo Cuyvers

Institutions: United Nations University Institute on Comparative Regional Integration Studies, University of Antwerp, North-West University

Language: English

Topic: International Development and Aid

Subfield: Development

Field: Social Sciences

Domain: Social Sciences

SDGs: Partnerships for the goals, Reduced inequalities, Industry, innovation and infrastructure

Open Access status: green

Funders: National Institute on Drug Abuse, European Maritime and Fisheries Fund