Doing Business in the ASEAN Countries
Southeast Asia is home to the ten ASEAN nations of Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Collectively they comprise a huge market of over half a billion people, with a total land area of 4.5 million square kilometers, a combined domestic product in excess of US$1.1 trillion and total trade of over US$1.4 trillion. It is the most dynamic and fastest growing region in the world but also has some of the world's most distinctive cultures and business systems. It offers tremendous opportunities for investors and businesses. But to succeed you need to be familiar with the unique business environment including political and business systems, cultural idiosyncrasies, management practices, social structures, legal frameworks, government priorities, potential competition, establishing relationships and selecting partners, and dealing with corruption and other ethical pitfalls. The book will apply a framework to understand each country along these dimensions. This book is a practical and comprehensive guide to succeeding in ASEAN countries. It allows for a deeper understanding of the business environment of these diverse economies. You will be better able to evaluate the risk factors and make meaningful decisions.
Communication to ASEAN Community
The research conducted earlier shows that Etraining is considered nowadays as a very important issue for business organization because of the benefits it can bring. And it also has developed into a revolutionary way of learning motivation. The purpose of this research is to improve communicative business English skills of personnel for ASEAN community by using E-training . The sample was 45 personnel for instance students, instructors, officers, and any persons who are interested in practice communicative business English skills in community and society for a period of three months. The research instruments were questionnaires, pre-test and post-test, and E-training. The data were statistically analyzed by percentage, mean, t-test, and standard deviation. The results of the research revealed that communicative business English skills of personnel after using E-training increased at the level .001 significantly. The personnel had much satisfaction for training to communicate business English skills by using E-training at mean level 4.15 which is compatible with the earlier research result that motivation to learn, management support and organization support were significant predictors of user satisfaction.
Speci fi cation Test for Panel Data Models with Interactive Fixed E ff ects ∗
In this paper, we propose a consistent nonparametric test for linearity in a large dimensional panel data model with interactive fixed effects. Both lagged dependent variables and conditional heteroskedasticity of unknown form are allowed in the model. We estimate the model under the null hypothesis of linearity to obtain the restricted residuals which are then used to construct the test statistic. We show that after being appropriately centered and standardized, the test statistic is asymptotically normally distributed under both the null hypothesis and a sequence of Pitman local alternatives by using the concept of conditional strong mixing that was recently introduced by Prakasa Rao (2009). To improve the finite sample performance, we propose a bootstrap procedure to obtain the bootstrap -value. A small set of Monte Carlo simulations illustrates that our test performs well in finite samples. An application to an economic growth panel dataset indicates significant nonlinear relationships between economic growth, initial income level and capital accumulation.