The Association of South-East Asian Nations (ASEAN) is a grouping of originally five, now nine, resource-rich and mostly economically dynamic countries which lie strategically between the Pacific and Indian Oceans, astride sea-lanes that are vital to the economic and military security of several Northeast Asian countries. As a grouping that exerts strong influence in the Asia-Pacific Economic Cooperation (APEC) and forms the core of the ASEAN Regional Forum (ARF), ASEAN is emerging as a key player in the security and economic development of the Western Pacific region. Due to these factors, ASEAN's stability and continued development are essential to the future stability and prosperity of the whole Asia-Pacific. In some respects, a linkages exists between the security and economic development of ASEAN and the Arab Gulf. Oil from the Arab Gulf is a very important factor in the economy of ASEAN countries. It is also important to the economic security of Japan, and the fact that this commerce passes through sea-lanes in Southeast Asia accounts significantly for the latter's importance to Tokyo. This, in turn, is an essential consideration in the US strategy in Asia, as its relationship with Japan continues to be the cornerstone of its policy. While non-oil trade between the Gulf states and ASEAN is not substantial, the Gulf is important to many ASEAN countries as a major destination of overseas workers, whose remittances play a large role in their economy. Religion also forms a bond between the Gulf and several ASEAN countries where Islam is the faith of either a majority or a significant minority of the population.

The Gulf Cooperation Council (GCC) is comprised of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Possessing a significant share of the world's oil and gas reserves and including some of the world's fastest growing economies, the GCC is a significant regional grouping. As with the Association of Southeast Asian Nations (ASEAN), the Council has made significant progress towards economic integration. Seeking to draw out lessons applicable to ASEAN, this report looks at the structure and evolution of the GCC. This includes the context within which the Council was established, its rationale, and economic importance. It then follows the organization's development over time, paying particular importance to its progress from Customs Union and Common Market towards Monetary Union. The report then sets out the key challenges ahead for the Council, and concludes by highlighting the structural, organizational, and political lessons that resonate with ASEAN and its membership.

South Asians constitute the largest expatriate population in the Gulf Cooperation Council (GCC) countries. Their contribution in the socio-economic, technological and educational development of GCC nations is immense. This book offers one of the first systematic analysis of South Asia–Gulf migration dynamics and its varied impact on countries such as India, Nepal, Bangladesh, Pakistan and Sri Lanka. It deals with public policy, socio-economic mobility, remittance policy, global financial crisis and labour issues. Bringing together essays from contributors from around the world, the volume reveals not only the multi-dimensionality of the migration process between the two regions, but also the diversity and the underlying unity of the South Asian countries. This book will be invaluable to scholars and students of migration studies, development studies and sociology as well as policy-makers, administrators, academics, and non-governmental organisations in the field.

Over the last two decades the relations between the countries of the Gulf and Asia have expanded beyond the economic domain to include political and even security arrangements. While oil and non-oil trade are still the fulcrum of their association, 'strategic' partnerships are fast becoming the norm. The contributors of this book argue that, along with economic diversification, the Gulf countries have also diversified their foreign policies, especially with China, India, Japan and South Korea, among others. Together with Russia, this could eventually alter the current US-centric security paradigm. This opens up the prospect for a 'collective' security architecture in the Gulf, which is key to regional and global stability.

This book investigates long-term development issues for members of the Association of Southeast Asian Nations (ASEAN). It finds that with the proper policy mix—including domestic structural reforms and bold initiatives for regional integration—ASEAN has the potential to reach by 2030 the average quality of life enjoyed today in advanced economies and to fulfill its aspirations to become a resilient, inclusive, competitive, and harmonious (RICH) region. Key challenges moving forward are to enhance macroeconomic and financial stability, support equitable growth, promote competitiveness and innovation, and protect the environment. Overcoming these challenges to build a truly borderless economic region implies eliminating remaining barriers to the flow of goods, services, and production factors; strengthening competitiveness and the institutional framework; and updating some governing principles. But ASEAN should not merely copy the European Union. It must maintain its flexibility and pragmatism without creating a bloated regional bureaucracy. The study’s main message is that through closer integration, ASEAN can form a partnership for achieving shared prosperity in the region and around the globe.

This volume explores the reasons behind, and impact of, the migration of South Asian nationals (from India, Bangladesh, Nepal, Sri Lanka, Pakistan, Bhutan and Maldives, Afghanistan and Myanmar) in the Gulf countries (Saudi Arabia, Oman, Kuwait, Qatar, UAE and Bahrain). The authors provide a broad overview of the demographics of the phenomenon, its mechanisms, and focus on the contribution of migrants in various sectors including construction, health and education, and the overall labour market in the Gulf. The book also taps into the regional geo-politics and its links to the South Asian Migration in the Gulf. This book is recommended reading to all those interested in international migration and labour issues.

Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be needed in the future when oil revenues start to dwindle. The GCC countries have followed many of the standard policies that are usually thought to promote more diversified economies, including reforms to improve the business climate, the development of domestic infrastructure, financial deepening, and improvements in education. Nevertheless, success to date has been limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the economies—fixing these incentives is the “missing link” in the GCC countries’ diversification strategies. At present, producing non-tradables is less risky and more profitable for firms as they can benefit from the easy availability of low-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public sector jobs discourages nationals from pursuing entrepreneurship and private sector employment. Measures to begin to address these incentive issues could include limiting and reorienting government spending, strengthening private sector competition, providing guarantees and financial support for those firms engaged in export activity, and implementing labor market reforms to make nationals more competitive for private sector employment.