While extensive literature is available on various aspects of economic development in the ASEAN countries, there has been no book-length treatment of the fiscal systems and practices in these countries. This study fills the gap in the existing literature. In addition to the five country papers, an introductory chapter provides a comparative overview of ASEAN fiscal systems and practices, as well as compares the levels and structure of taxation in the ASEAN countries with those in the East Asian and industrialized countries. The contributors are public finance specialists from the various ASEAN countries.

Analyzing how the role of ASEAN economies in global value chains has helped spur their recovery and cut poverty, this publication shows the need to future-proof these critical networks to ensure inclusive, sustainable, and greener growth. It explains how the expansion of cross-border trade networks has helped Southeast Asian economies bolster manufacturing and spark a wave of job creation and innovation. On the flipside, it considers the associated environmental impact and social inequality. Highlighting systemic shocks to global trade, it explains how economic momentum, stronger institutions, and more inclusive growth can help mitigate risks and build resilient economies.

This book is an annual publication on the relation between China and ASEAN countries. It presents comprehensive and in-depth studies on China-ASEAN cooperation and development by Chinese scholars. The book is composed of six parts. Part 1 contains the general report including the introduction of China-ASEAN cooperation, achievements and problems in politics, economy, diplomacy, security, military defense, maritime and cultural aspects. Part 2 studies the relation and cooperation between China and individual ASEAN nations, including the evaluation of each ASEAN nation's politics, economy, diplomacy, society and culture. Part 3 analyzes the building of China-ASEAN Community of Common Destiny, bilateral cooperation in the building of 21st Century Maritime Silk Road, finance and ecological environment, China-ASEAN Expo and Guangxi-ASEAN cooperation. Part 4 studies important issues of Southeast Asia, including the South China Sea disputes, the missing Malaysia Airlines MH 370, progress in the building of ASEAN Economic Community, military coup in Thailand, anti-China events in Vietnam, and general election in Indonesia. Part 5 contains short commentaries on the key events happened in some ASEAN nations. Part 6 chronicles major events in China-ASEAN cooperation, in ASEAN nations and in Guangxi-ASEAN cooperation.

In developing countries, small and medium enterprises (SMEs) have a crucial role to play because of their potential contributions to employment generation, improvement of income distribution, poverty reduction, export growth, and development of rural economy. It is in this context that the present book makes a comprehensive in ASEAN countries Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Myanmar, of SMEs is studied with special focus on growth in out put and number of units, export growth, subcontracting and supporting industries, and development of clusters. The major constraints in the development of SMEs have also been dealt with.

As the regional financial and economic crisis has bottomed out and the ASEAN countries are on the recovery path, this volume seeks to carry out a post-mortem on the crisis to evaluate the sustainability of the recovery and the long-term direction of the ASEAN economies. It also examines the challenges and competitiveness of these economies which have become significant issues in the post-recovery process. Since it is not sufficient to address the economic and financial aspects, the volume also looks at the human and social dimensions, such as food security, poverty, and cross-border pollution. Furthermore, in the wake of the regional crisis, ASEAN has been criticized as being ineffective. This has prompted a re-examination of the relevance of the regional grouping in its present form, evaluating ASEAN's performance, challenges and opportunities and assessing whether there is a need for change.

This publication examines the impact of digitalization on the financial stability of the members of the Association of Southeast Asian Nations and the People’s Republic of China, Japan, and the Republic of Korea (ASEAN+3). The region is a global leader in digital financial services, and economic and financial links among ASEAN+3 markets are growing. The publication discusses the opportunities and risks of digitalization, explores how to manage financial integration in the digital era, and identifies changes in regulations and supervision needed to reduce risk and successfully transform the traditional banking model.