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How ASEAN Can Improve Its Response to the Economic Crisis Generated by the COVID-19 Pandemic: Inputs drawn from a comparative analysis of the ASEAN and EU responses

ASEAN, COVID-19, Macroeconomy, Regional Integration

How ASEAN Can Improve Its Response to the Economic Crisis Generated by the COVID-19 Pandemic:  Inputs drawn from a comparative analysis of the ASEAN and EU responses

This paper conducts a comparative review of the evolution of the economic crisis generated by the coronavirus disease (COVID-19) pandemic and the responses enacted by the Association of Southeast Asian Nations (ASEAN) and the European Union. It highlights differences and common elements in the strategic approaches, the intensity of the interventions, and governance structures. In the final section, it identifies short- and medium-term actions, inspired by the comparative analysis, which could contribute to improve the ASEAN response.

This research was conducted as a part of the project ‘ERIA Research on COVID-19’ at the Economic Research Institute for ASEAN and East Asia (ERIA).

How ASEAN Can Improve Its Response to the Economic Crisis Generated by the COVID-19 Pandemic:  Inputs drawn from a comparative analysis of the ASEAN and EU responses 

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