IR206 Regional Economic integration around the world.

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Independent Variable 1:
ASEAN Economic Community
Definition of Variable 1:
The ASEAN Economic Community, also known as the AEC, is part of the proactive economic integration efforts of the participant countries. This involves trading and investment policies for economic growth and development, an increase in potential benefits, and efficient use of resources of the involved countries (Thanh, 2015). This also greatly affects both small and large businesses and enterprises greatly depending on factors such as level of awareness, differences in progression, and implementation procedure (Lee, Narjoko, Oum, 2017).
APA Citation of Variable 1:
Lee, C., Narjoko, D., & Oum, S. (2017). Southeast Asian SMEs and regional economic integration. Journal of Southeast Asian Economies, 34(1), 1-3.
Thanh, V. T. (2015). Vietnam's perspectives on regional economic integration. Journal of Southeast Asian Economies, 106-124.
Independent Variable 2:
Urbanization
Definition of Variable 2:
Urbanization refers to the shift in the concentration of the population from a rural environment to cities. This also includes an increased concentration of businesses, institutions, and infrastructures. It is associated with efficiency in the use of resources, and the promotion of advancements in various aspects of the nation, such as technological, economic, and social (Turok, 2015).
APA Citation of Variable 2:
Turok, I. (2015). Economic dimension of urban policy. African Business, 94-96.
Independent Variable 3:
Personal Values and Economic Preference
Definition of Variable 3:
The personal values and economic preference of the stakeholders of an institution reflects the decision-making process involved in creating economic policies and resolving political issues. The core values of the stakeholders have their differences and this variety of views and beliefs result in advantages and disadvantages on various aspects of the economy (Friesen, & Hibbing, 2016). This requires harmonization in activities and purposes in order to reap benefits for the members of the state and its other alliances (Maitland, & Van Gorp, 2009).
APA Citation of Variable 3:
Friesen, A., & Hibbing, M. V. (2016). The effect of personal economic values on economic policy preferences. Social Science Quarterly, 97(2), 325-337.
Maitland, C. F., & Van Gorp, A. (2009). Beyond harmonization: ICT policymaking in regional economic communities. The Information Society, 25(1), 23-37.
Introduction
Economic policy involves the different branches that make up the nation’s economic status. For decades, many countries all over the world form alliances in order to promote growth and improve the economy. Based on studies, the policies that have been created by various countries greatly focus on economic integration and ways to widen trading and investments aiming to...