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This paper explores ASEAN's cooperative endeavors in one such area, investment liberalization. Investment liberalization is variously associated with net positive effects on inflows of investment capital, technology transfer, employment, export generation, economic growth and development.4 As a net historical beneficiary of investment flows, the paper hypothesizes that ASEAN's stated commitment to investment liberalization should by now be realizing progress in each of four areas: a). absolute reductions in national autonomy in relation to investment screening and conditionality provisions; b). increased transparency in respect of member-states national investment regimes; c). enhanced standardization and codification of regulatory standards governing investment related provisions across member states.
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