The paper "Association of Southeast Asian Nations" is a great example of a business case study. Association of the Southeast Asian Nations (ASEAN) was formed on 8th of August 1967. In the very year, countries such as Thailand, Singapore, Indonesia, Philippines And Malasia came together to form the association. Worth noting is the fact that the association later expanded to accommodate Burma, Myanmar, Vietnam, Brunei, Laos and Cambodia. Apparently, the association has a leadership position including summit President and General Secretary. Typically, ASEAN has a population of about 600 million people and covers an area approximated to 4.46 square kilometres.
The key aim of forming the association was to ensure rapid economic growth in the members country. In addition, the association was formed to ensure there is a presence of peace, stability and security in members countries. Furthermore, the association is to promote social-cultural activities in the member countries. Interesting to note is the fact that ASEAN has achieved a lot since its formation. To start with, ASEAN has enabled the member states to enjoy peace and security in the region (Severino, 2008).
Moreover, the association has led to a rise in GDP in the member state. Furthermore, ASEAN initiated a Free trade agreement which has allowed the members to trade freely without trade barriers. In addition, the association introduced Single Aviation market which allows air travel between member states. On the other hand, the association faces several challenges. Just to mention a few, the territorial dispute. Also, the emergence of international terrorism and the production of a weapon of mass destruction still remains a challenge. The influence of Us remains a threat to ASEAN.
The paper endeavours to highlight the achievements of ASEAN and challenges facing the mentioned association. The paper also provides solutions to the said challenges. Achievements Apparently, ASEAN has had tremendous achievement since its formation. To start with, the association has brought peace and stability among member states. This can be evidently supported by the banning of the severe nuclear weapon in the region. The association realized that for peace and stability to prevail in the region, any activity which may pose danger must be done away with (Young, 2011).
It is for this reason that the association uses its power to ban the manufacture of nuclear weapons in the region. Worth noting is the fact that for trade to exist in any region, security is a principal factor. Reportedly, the banning of nuclear weapons has enabled rapid economic growth and development in the region. The association has also adopted free trade among the member state and also to allow the members to freely trade with other foremost trading partners. Generally, free trade in members states is imperative, since it enables the members to trade freely without the presence of trade barriers.
A point to note is the fact that trade barriers impede the economic growth since it makes the trade between states to be expensive, bureaucratic and tiresome. The fact is, the member states cannot produce all products but would rather specialize in the production of certain products; the products which cannot be produced are imported from another member state. It is for this reason that ASEAN permitted free export and import between the member states (Severino, 2006).
Members of the association were also allowed to trade with other major trade states, such as New Zealand, Japan, Australia, India and China. As such, leads to an economic boost in the member states.
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