THE IMPACT OF THE REGIONAL CONFLICTS ON ECONOMIC DEVELOPMENT IN ASEAN
Abstract
Introduction: Occurred the conflict between Rusia and Ukraine can be influencing the economic development in the worldwide, also the conflict between Israel-Palestine, caused geopolitical as well as the global economic are not stable. By reason of the Russia is the country that one of the supplies the oil for the world as well as trade routes in the Middle East are experiencing a slowdown in the distribution of good dan services. Impact of globalization, the ASEAN has quickly influenced the economic sectors such as: exchange, inflation and export growth. The purpose of this study is to understand and know how impact the regional conflicts that caused by conflict between Rusia-Ukraine as well as Israel-Palestine.
Research Methods: The data is secondary data that collected from https://data.worldbank.org/. This study uses the quantitative method as research methodology and by using Eviews as statistic tool.
Finding/Result: this study found out that influence from regional conflicts between Rusia-Ukraine also Israel-Palestine causing the economics of ASEAN experiencing slow-down. Exchange Rate is only has not effect on the economic development during the regional conflicts. The Inflation and export growth had been influenced by GDP as measurement of the economic developments that caused by regional conflicts. The result of this study will be expected become the one of the consideration analyses for the president in each of the ASEAN countries into take a policy.
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