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ASEAN is poised for post-pandemic inclusive growth and prosperity – here's why. Jan 18, 2022. In collaboration with. ASEAN is on track to become the fourth-largest economy – but public-private cooperation is essential for a sustainable and resilient future. Image: REUTERS/Willy Kurniawan. Joo-Ok Lee.
- Together, ASEAN’s Ten Member States Form An Economic Powerhouse.
- ASEAN Is Not A Monolithic Market.
- Macroeconomic Stability Has Provided A Platform For Growth.
- ASEAN Is A Growing Hub of Consumer Demand.
- ASEAN Is Well Positioned in Global Trade Flows.
- ASEAN Is Home to Many Globally Competitive companies.
If ASEAN were a single country, it would already be the seventh-largest economy in the world, with a combined GDP of $2.4 trillion in 2013 (Exhibit 1). It is projected to rank as the fourth-largest economy by 2050.11.Based on forecasts by IHS. Labor-force expansion and productivity improvements drive GDP growth—and ASEAN is making impressive stride...
ASEAN is a diverse group. Indonesia represents almost 40 percent of the region’s economic output and is a member of the G20, while Myanmar, emerging from decades of isolation, is still a frontier market working to build its institutions. GDP per capita in Singapore, for instance, is more than 30 times higher than in Laos and more than 50 times high...
Memories of the 1997 Asian financial crisis linger, leading many outsiders to expect that volatility comes with the territory. But the region proved to be remarkably resilient in the aftermath of the 2008 global financial crisis, and today it is in a much stronger fiscal position: government debt is under 50 percent of GDP—far lower than the 90 per...
ASEAN has dramatically outpaced the rest of the world on growth in GDP per capita since the late 1970s. Income growth has remained strong since 2000, with average annual real gains of more than 5 percent. Some member nations have grown at a torrid pace: Vietnam, for example, took just 11 years (from 1995 to 2006) to double its per capita GDP from $...
ASEAN is the fourth-largest exporting region in the world, trailing only the European Union, North America, and China/Hong Kong. It accounts for 7 percent of global exports—and as its member states have developed more sophisticated manufacturing capabilities, their exports have diversified. Vietnam specializes in textiles and apparel, while Singapo...
In 2006, ASEAN was home to the headquarters of 49 companies in the Forbes Global 2000. By 2013, that number had risen to 74. ASEAN includes 227 of the world’s companies with more than $1 billion in revenues, or 3 percent of the world’s total (Exhibit 3). Singapore is a standout, ranking fifth in the world for corporate-headquarters density and firs...
Sep 18, 2023 · Most ASEAN countries now believe that China has more overall influence in the region compared to the United States, measured by economic relationships, defense networks, and diplomatic and ...
IU's engagement in the ASEAN region. Given ASEAN's expanding economic and geopolitical importance, our country's leaders in government, business, education and the nonprofit sector continue to expend major effort into building positive relationships between the U.S. and ASEAN member nations.
The historian Nicole CuUnjieng-Aboitiz’s recent book Asian Place, Filipino Nation underscores the instrumentality of Southeast Asian regional dialogue and intellectual exchange during the Philippine Revolution. Which brings us to ASEAN today. It’s a robust internal market, and an important one to say the least.
Mar 11, 2022 · In his remarks, Ekkaphab Phanthavongo, Deputy Secretary-General of ASEAN for ASEAN Socio-Cultural Community highlighted that ‘’as citizens of the region, understanding the diversity, strength and potential of ASEAN in today’s world is fundamental in enabling us to support ASEAN community building effort and maximise its potential in the ...
