ASEAN’s Experience in Regional Economic Cooperation

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Abstract
Economic cooperation in the context of the Third World sometimes assumes value overtones that tend to dwarf the conventional neoclassical economic consideration of such efforts in terms of efficiency of use and pooling of resources. The concept of regional economic cooperation is commonly viewed in the Third World as a “good thing”, likely to promote peace and stability of a region and so foster its economic development to the benefit of all countries concerned. It is often in such vague and broad terms, and even on ethical grounds, that the case for regional economic cooperation is advanced…

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