Services liberalization in ASEAN: Foreign direct investment in logistics

Siew Yean Tham, Sanchita Basu Das

Research output: Book/ReportBook

Abstract

The services sector plays an important role in ASEAN economies as it accounts for about half of the region's GDP and more than 45 per cent of its total employment. ASEAN aspires to deepen integration in the services sector in order to enhance the sector's contribution to economic development and growth in each country. Despite this, services liberalization has progressed slowly compared to goods liberalization both at the multilateral and the regional levels. Different regulatory mechanisms across countries have contributed to the slow pace of liberalization. Logistics is an important industry in the services sector. The integration of logistics is important for deepening economic integration in ASEAN as it facilitates the movement of goods, services and people within and across countries, among producers and from producers to consumers. In view of its importance, ASEAN has identified logistics as one of its priority integration sectors. It has also developed a Connectivity Master Plan and a Strategic Transport Plan, where logistics plays an important role. This book examines the current state of services liberalization in the ten ASEAN economies. It also assesses the FDI enabling environment and the extent of FDI liberalization in the logistics sector as well as the liberalization challenges encountered in each of the ASEAN economies. The book, thus, provides a comparative picture of services liberalization as well as the state of logistics liberalization and development in each of the ten ASEAN member countries. All these have important bearings on deepening ASEAN economic integration for 2025 and beyond.

Original languageEnglish
PublisherISEAS
Number of pages375
ISBN (Electronic)9789814786256
ISBN (Print)9789814786188
Publication statusPublished - 1 Jan 2017

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Logistics
Liberalization
Foreign direct investment
Service sector
Economic integration
Connectivity
Economic growth and development
Industry

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)

Cite this

Services liberalization in ASEAN : Foreign direct investment in logistics. / Tham, Siew Yean; Das, Sanchita Basu.

ISEAS, 2017. 375 p.

Research output: Book/ReportBook

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