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Report on Common Currency for ASEAN Countries

   

Added on  2020-04-21

15 Pages2554 Words139 Views
RUNNING HEAD: Common Currency for ASEAN countries 1Name of the student-Topic- Common Currency for Asian countriesUniversity Name-

Common Currency for ASEAN countries2Table of ContentsIntroduction....................................................................................................................3Members of ASEAN countries..................................................................................3Factors that affect the adoption of common currency for ASEAN countries................4Impact of changing market policies and capital market of one country on other countries.................................................................................................................................4Achieving the object of two principles goal after adoption of Common Currency for ASEAN countries.......................................................................................................................5Constraints on the adoption of common currency for all of these ASEAN members...6Globally perspective for adopting common currency for all of these ASEAN members....................................................................................................................................................7Positive factor while adopting common currency for ASIANE country.......................7Other associated factors for adoption of common currency for all of these ASEAN members....................................................................................................................................8Considering factors........................................................................................................8Conclusion......................................................................................................................9References....................................................................................................................10

Common Currency for ASEAN countries3IntroductionThis report reflects the key understanding on the common Currency for ASEANcountries and whether ASEAN countries should be inclined towards adopting this commoncurrency or not. With the ramified changes and economic growth of the internationalcountries, ASEAN countries have faced various problems and economic destructionthroughout the time. However, this report, has also reflected the issue which Europeancountries have faced due to sluggish economic conditions of EU members and downfall ofEuro currency throughout the time. There are several pros and cons of adopting the commoncurrency which must be taken into consideration before considering whether there should beCommon Currency for ASEAN countries or not. In this report, the impact of EURO crisesand its impact on the other EU members and benefits arise from adopting same currency hasbeen taken into consideration. Members of ASEAN countries There are several countries that have fallen under the ASEAN countries regional blocknamed such asThailand,Vietnam,Indonesia,Malaysia,Philippines,Singapore,Myanmar(Burma),Cambodia,Laos,Brunei1The association of Southeast Asian Nations is the regional intergovernmentalorganization comprising with the ten Southeast Asian States which promotes all the facilitiesand economic growth of these countries 1Cabanac, Michel. "Pleasure: the common currency."Journal of theoretical Biology155, no. 2 (2012): 173-200..

Common Currency for ASEAN countries4

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