AIA, AFTA and domestic private investment: evidence from Malaysia
The ASEAN Free Trade Area (AFTA) was proposed in 1992 and followed by the introduction of the ASEAN Investment Area (AIA) in 1998. Both are meant to promote regional economic prosperity through improvements in regional trade and investment. Unfortunately, to date, there is no clear sign that eithe...
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2012
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| Online Access: | http://journalarticle.ukm.my/6347/1/jeko_47-1.pdf http://journalarticle.ukm.my/6347/ http://www.ukm.my/fep/jem/content/2012-2.html |
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| Summary: | The ASEAN Free Trade Area (AFTA) was proposed in 1992 and followed by the introduction of the ASEAN Investment Area
(AIA) in 1998. Both are meant to promote regional economic prosperity through improvements in regional trade and
investment. Unfortunately, to date, there is no clear sign that either AFTA or the AIA can really trigger regional economic
activity and, therefore, spur regional economic development. The main point often neglected in literature concerning
the implications of AFTA and AIA on regional economic development is the role and development of domestic private
investment (DPI). In other words, AFTA and AIA will only result in positive and sustainable economic impacts on regional
economic development if such developments followed or supported by the development of domestic private investment
in each ASEAN member country. Hence, this study aims to investigate the implication of AFTA and AIA on Malaysian DPI. |
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