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2 results

  • Chapter 1 - Introduction

  • Sungjoon Cho, Chicago-Kent College of Law, Jürgen Kurtz, European University Institute, Florence
  • Book:
    Investing the ASEAN Way
    Published online:
    10 November 2022
    Print publication:
    24 November 2022, pp 1-27

  • Summary

    With the adoption of the ASEAN Charter in 2008, the ASEAN member states articulated their vision of an economic community. This ambitious vision tracks economic reality around ASEAN. The ASEAN region has recently been one of the most popular destinations for FDI across the globe. Despite a temporary decline due to the COVID-19 pandemic in 2020, the region’s share of global FDI rose from 11.9 percent to 13.7 percent that year. Against this auspicious background, this book calls for a new framework through which we can conceptually embrace the ontological autonomy of the ASEAN Investment Regime (AIR), beyond an aggregation of the interests of its individual member states. A sociology-led approach, especially constructivism, emphasizes ideational factors, such as culture and norms, that guide state actions from within. The main goal of the book is to explore the manner in which ASEAN’s history and culture has fundamentally shaped its foreign investment policies, leading to outcomes that often depart from the external structure and script of Global Investment Law.

Investing the ASEAN Way
  • Theories and Practices of Economic Integration in Southeast Asia
  • Sungjoon Cho, Jürgen Kurtz
  • Published online:
    10 November 2022
    Print publication:
    24 November 2022
  • In recent decades, South East Asia has become one of the world's most popular destinations for foreign investment. The member states of the Association of Southeast Asian Nations (ASEAN) have employed varying modalities to pursue first security and then economic cooperation. This book explores regional law and governance in ASEAN through the lens of its regulation of foreign investment. It adopts a new framework to identify the unique ontological autonomy of the ASEAN Investment Regime beyond a simple aggregation of its individual member states. It deploys a sociology-led approach (especially constructivism) and emphasizes ideational factors (such as culture and norms) that guide state actions from within. The book explores the manner in which ASEAN's history and culture have fundamentally shaped its foreign investment policies, leading to outcomes that often depart fundamentally from the external structure and script of Global Investment Law.