The study will summarize and analyze various existing studies on the impact of regional integration with a particular focus on the opportunities and vulnerabilities it creates. The study will also discuss the type of preparation done by the Philippine Government for the ASEAN Economic Community 2015, and how this compare with similarly situated ASEAN members. The project aims to provide accessible reading and analysis of Philippine commitments and actions under the AEC, as well as the perspectives of various stakeholders. It aims to collate various studies and analyses already published, and to abstract major themes, lessons and perspectives embodied in this materials. Its distinct contribution is in organizing these materials, as well as providing a structure for analysis rooted in the AER IP Team industrial framework.