The Establishment of the Chiang Mai Initiative Multilateralisation (CMIM) and the Internalization of Asean Political Culture

Abstract

This paper study The Chiang Mai Initiative Multilateralisation (CMIM) in order to understand the internalization of political culture of ASEAN. In contrary to Realist and Liberalist theories that see cooperation at the minimum as non-existent and at the maximum as purely instrumental in the pursuit of self-interest this paper will use a constructivist approach from Alexander Wendt towards the establishment of the CMIM. By analyzing Wendt’s three master variables that resembles the formation of collective identity of ASEAN and the legitimacy of the CMIM political culture, this paper concludes that the establishment of the CMIM has only for a small part internalized the political culture of ASEAN to a higher degree.

Keywords: Chiang Mai Initiative Multilateralisation (CMIM), Political Culture