Permalink : http://hdl.handle.net/2115/5379

KEYWORDS : ASEAN, Economic Cooperation, Economic Integration, AFTA, FDI

A fundamental switch in intra-ASEAN economic cooperation was implemented in the"Manila Declaration" at the 3rd ASEAN Summit in 1987, based on the fundamental changes in ASEAN and the world economy. ASEAN's intra-economic cooperation strategy was switched to a new strategy "ASEAN's strategy for Collective FDI-dependent and Exported-oriented Industrialization (ASEAN's strategy for CFEI)." The "Manila Declaration" in 1987 was the foundation of current intra-ASEAN economic cooperation including the ASEAN Free Trade Area (AFTA). The current intra-ASEAN economic cooperation including AFTA has been an extension of ASEAN's strategy for CFEI. This paper will clarify the process of the switch and reorganization of the intra-ASEAN economic cooperation strategy in 1987 and the characterisitics of this new intra-ASEAN economic cooperation strategy exactly. (JEL F14, F15, O53)