Proceedings of The 6th International Conference on Applied Research in Management, Business and Economics
Year: 2023
DOI:
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The Association of Southeast Asia Nation Single Market: Benchmarking to the European Union Single Market System
Akbar Fauzan Susanto
ABSTRACT:
ASEAN is a form of regional cooperation between countries in Southeast Asia that was established on the basis of political interests. From what has been obtained in the literature review, it was found a gap which is the basis of this research. Can the EU single market be a benchmark for the growth of the ASEAN single market? This study will use secondary data to prove the hypothesis. Researchers will use the Comparative. Research Method to process the data obtained in this study. Research investigation involves the application of a particular way of thinking and the use of an identifiable range of particular skills and activities. it is important to ensure that researchers do their research in as controlled, rigorous and systematic a way as possible. The objective for this research is to expose whether it is possible for ASEAN to benchmarking the EU in terms of developing their single market. In order to answer the big idea, there are three particular questions that might help to answer the question: 1) Is there any similarities on the pattern when the EU develop it’s European Single Market and ASEAN development of ASEAN Economic Community (AEC)? 2)Can Euro(EUR) as the single currency of the EU be the benchmark in the process of ASEAN single currencies establishment? 3) Is the European Union able to be the benchmark in making policies for ASEAN Economics development? This research will use secondary data to be analyse in order to answer the research question.
keywords: ASEAN, Benchmarking, Single Market