1. Problem statement The ASEAN Economic Community (AEC) by 2015
{"Image DocumentName": "1. Problem statement The ASEAN Economic Community (AEC) by 2015", "Image ImageDescription": "The Trans-Pacific Partnership (TPP) by Quantitative assessment of economic effects of AEC and TPP on the textile & apparel, footwear and furniture industries in Vietnam. Viet Nam has signed and in effect 8 FTAs; just signed 1 FTA ; launched negotiation 6 FTAs; under consultation and study 4 FTAs. These FTAs must be modelled to maximize the governments\u2019 efforts and the entrepreneurs can identify the opportunities and challenges. The need of the ASEAN Economic Community by 2015 ( AEC) and the Trans-Pacific Partnership (TPP) also require Viet Nam using economic models to identify interdependence of economic sectors in the ASEAN and TPP trading bloc as a whole. Determining the appropriate model for an impact assessment is not easy. Developed countries usually use Computable General Equilibrium (CGE) models or partial equilibrium models to estimate the economic effect of a free trade agreement. These models assume a stable market economy with prices set by the equilibrium between supply and demand. However, Viet Nam and the majority of ASEAN countries are still in transition to market economy. CGE model or partial model are not suitable for such economies. In addition, it is difficult to find enough data for constructing CGE model from Vietnam and ASEAN countries because these models are sensitive to missing or incorrect data. Japan has used an international Input-Output model to analyse industrial linkages which spread beyond national borders. However, this model is expensive in money and time. It is not appropriate model for Vietnam. My research explored the appropriate model for Vietnam as well as some ASEAN countries, namely the Extended Input-Output model. My presentation is the quantitative assessment of economic effects of the AEC and TPP for textile & apparel, footwear and furniture industries on Vietnamese economy.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}