Permalink : http://hdl.handle.net/2115/5391

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

The Association of Southeast Asian Nations (ASEAN) was founded in 1967 for the purpose of political cooperation and began intra-ASEAN economic cooperation with the "Declaration of ASEAN Concord" at the First ASEAN Summit in 1976. This economic cooperation was based upon a report formulated by a United Nations Team and carried out based on the "ASEAN's Strategy for Collective Import Substituting Industrialization for Heavy and Chemical Industries (ASEAN's Strategy of CISI)." In this paper, the origin of Intra-ASEAN economic cooperation will be examined. The formation process of this first intra-ASEAN economic cooperation strategy ("ASEAN's Strategy for CISI") in 1976 and the characteristics of this economic cooperation strategy will be explored. (JEL F02, F14, F15)