Shaping Policy Reform and Peer Review in Southeast Asia: Integrating Economies amid Diversity

 

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ISBN: 9789264039438

Release date: 05/09/2008

The Southeast Asian region has experienced remarkable economic dynamism in the past few decades. An interesting feature of recent developments in the region, is that in spite of its diversity, several initiatives have been launched towards integration.


The peer reviews mechanism has been a tried and tested instrument for OECD member countries to work together successfully over the past decades. This tool could benefit the Southeast Asian region as it helps identify good practices, establish standards and principles and ultimately improve the performance of participating economies.


This publication examines the possible application of peer reviews to address regional and domestic challenges in Southeast Asia. It is a useful and insightful resource for anybody interested in Southeast Asian economies, regional integration and peer review mechanisms.

 


Note by the Editor


The Southeast Asian region is one of the most dynamic areas in the world; it is also one of the most diverse. This diversity is manifest in numerous ways, including levels of economic development, economic regimes and income levels. Despite this diversity, integration within the region has also strengthened over recent years.

The issues of integration and diversity appear and reappear throughout this publication. The first part of the publication examines how these issues are tackled in a regional context, based on experiences of the Asian Development Bank, Asia-Pacific Economic Co-operation (APEC) and the European Union (EU), while the second part of the publication illustrates regional diversity, looking at the different policy challenges facing Indonesia, Philippines, Thailand and Viet Nam. Country experiences of Belgium, Japan and Korea in the third part give examples of how peer reviews are used at the country level.

The peer review – the assessment of the policies and performances of a country by other countries – is a flexible tool for policy dialogue. As shown in its application in the OECD and other organisations, it can be tailored to different situations and objectives. Although the application of the peer review mechanism in the Southeast Asian region is in its early stages, the best way to adapt it to the specific needs and circumstances of the region should be explored. With the changing landscape of the global economy, in particular since the late 1990s, Southeast Asian countries are now facing the challenges of how to remain competitive, move up the value chain and attract investors.

This publication is an initial attempt to discuss the possible application of the peer review mechanism to address regional and domestic challenges in Southeast Asia. We believe that this has a strong potential to assist policy makers in Southeast Asia in addressing these challenges.

 


Table of contents


Overview. Economic Integration amid Diversity and Peer Reviews in Southeast Asia - Where Do We Stand?

PART I. HOW CAN PEER REVIEWS BE USED ADDRESS REGIONAL CHALLENGES?

Chapter 1. Evolving ASEAN+3 ERPD: Towards Peer Reviews or Due Diligence?
Chapter 2. The Role of Peer Reviews in APEC
Chapter 3. Peer Review, Peer Support and Peer Pressure: The European Union Experience
Chapter 4. Peer Review in the Context of Regional Integration in Southeast Asia
Chapter 5. Peer Review: A Tool for Interntional Co-operation that Respects Sovereignty and Diversity
Chapter 6. Integrating Newer ASEAN Members and Peer Review: OECD, IMF and the European Union
Chapter 7. Integrating Newer ASEAN Members and Peer Review

PART II. ECONOMIC DIVERSITY AND POLICY CHALLENGES IN SOUTHEAST ASIA

Chapter 8. Economic Reform under a Democratic Transition Regime and Peer Review in Indonesia
Chapter 9. Policy Issues and Peer Reviews in the Philippines
Chapter 10. Thailand's Economic and Social Development Agenda under the Interim Government and view on Peer Review Mechanism
Chapter 11. The Political Economic of Policy Reforms and Peer Review Mechanism: Viet Nam's Experience


PART III. EXPERIENCES OF OECD COUNTRIES

Chapter 12. Belgium's Experience with OECD Peer Reviews
Chapter 13. Japan's Experience of OECD Peer Reviews
Chapter 14. Korea's Experience of OECD Peeer Reviews

Annex A. The OECD Peer Review Mechanism: Concept and Function
Annex B. Peer Review: Example of Economic and Development Review Committee

 


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