International Journal of Social Science & Economic Research
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Title:
ASEAN-US ECONOMIC COOPERATION AND ITS IMPACTS ON REGIONAL SECURITY AND DEVELOPMENT

Authors:
Le Thi Phuong Loan ; Vo Thi Giang

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Le Thi Phuong Loan1 ; Vo Thi Giang2
1. Lecturer at Faculty of International Studies, University of Foreign Language Studies, The University of Danang; Ph.D. candidate at University of Social Sciences and Humanities, Viet Nam National University – Ha Noi, Viet Nam
2. MSc Student at Graduate School of Asia Pacific Studies, Ritsumeikan Asia Pacific University, Japan.

MLA 8
Loan, Le Thi Phuong, and Vo Thi Giang. "ASEAN-US ECONOMIC COOPERATION AND ITS IMPACTS ON REGIONAL SECURITY AND DEVELOPMENT." Int. j. of Social Science and Economic Research, vol. 5, no. 10, Oct. 2020, pp. 3103-3125, doi:10.46609/IJSSER.2020.v05i10.020. Accessed Oct. 2020.
APA 6
Loan, L., & Giang, V. (2020, October). ASEAN-US ECONOMIC COOPERATION AND ITS IMPACTS ON REGIONAL SECURITY AND DEVELOPMENT. Int. j. of Social Science and Economic Research, 5(10), 3103-3125. doi:10.46609/IJSSER.2020.v05i10.020
Chicago
Loan, Le Thi Phuong, and Vo Thi Giang. "ASEAN-US ECONOMIC COOPERATION AND ITS IMPACTS ON REGIONAL SECURITY AND DEVELOPMENT." Int. j. of Social Science and Economic Research 5, no. 10 (October 2020), 3103-3125. Accessed October, 2020. doi:10.46609/IJSSER.2020.v05i10.020.

References

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Abstract:
This paper examines the economic cooperation dimensions in ASEAN-US relations and evaluates their impacts on regional security and development. ASEAN is an emerging economic base and one of the major trading and investment partners of the U.S. while the U.S. is a potential market for ASEAN in terms of exports. It is found that economics is used by both sides as an effective means to get deep engagement in the relations and regional policy-making system. The data in the paper captures the 2 sides’ strategic interests in the region through economic collaboration. Broadly, analyses in the paper indicate that the economic gains maximized from the ASEAN-US cooperation through initiatives and projects aimed at preventing China's deep footprint and its presence in the region. Additionally, the increasingly intensive ASEAN-US economic cooperation is to balance Indian power and other great powers, specifically Japan and Australia - the 2 remaining countries in the so-called Quad, approaching the region with their ambitions.

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