image source: istock

by Dr Venkatachalam Anbumozhi

ASEAN has put together an ambitious sustainable development agenda with its 2025 community vision. It has also played an important role in shaping the United Nations 2020 Sustainable Development Goals (SDGs) Agenda. If the 17 SDGs, especially SDG2 on food security, SDG 6 on water security, SF7 on energy security, SDG 12 responsible consumption and production and SDG 13 on combating climate change, are achieved, this will combine with the impact of global trends such as climate change to intensify the competition for resources — energy, water, raw materials and land. There is a need for…


source: iStock

by Jaysa Rafi Prana

The Association of Southeast Asian Nations (ASEAN) has played an essential role in building prosperity in the region in its 50 years of existence. ASEAN’s GDP now stands at approximately US$2.5 trillion, ranking the expanded grouping as the world’s sixth largest economy and fourth largest global trading power. ASEAN nations have built regional production networks across many sectors, have boosted their competitiveness in global markets and have significantly reduced poverty.

But while the current achievements and progress look good, there is a very significant external threat at its door step: the growing tension over the trade…


by Rashesh Shrestha

One startling figure about recent global growth is that 82% of all wealth created in the last year went to the top 1%. After focusing on economic growth for a number of decades, developed and developing countries alike have been increasingly concerned with equality. While globalisation has led many developing countries to higher levels of income, it has also increased economic inequality.

In Southeast Asian countries, indicators of inequality have been rising over the past fifteen years. Based on latest available estimates, the region as a whole lies towards the middle of the world distribution, behind Latin…


image source: iStock

by Venkatachalam Anbumozhi

Current energy cooperation between Australia and Japan is marked by their mutual strengths. Both countries take advantage of domestic energy resources, encourage energy efficiency, and are seeking to introduce energy market reforms.

Japan and Australia have developed integrated policy frameworks for both energy security and market stability, and have spurred fresh investment into international energy assets. The two nations’ joint initiatives are also progressing in organisations such as the Asia-Pacific Economic Cooperation (APEC) forum and the G20, which support the globalisation of clean energy technologies and enhance the capabilities of emerging Asian economies to implement best practices.


image source: pexels

by Yuanita Suhud

With the emergence of the digital economy driving economic growth and creating new business opportunities around the world, how can the ASEAN nations catch this wave and ride it? What obstacles do they need to overcome to participate fully in regional and global e-commerce?

Over the past decade, there has been a global boom in e-commerce, driven by rapidly expanding middle classes, increasing Internet penetration, and the widespread adoption of smart phones around the world. With the dramatic success of giant e-commerce businesses such as Amazon and Alibaba, many other businesses around the world are poised to…


image source: iStock

By Rizqy Anandhika

World leaders and climate negotiators have continued efforts to address climate change despite the United States relinquishing leadership.

So it was perhaps with some irony to observers when US President Trump visited Viet Nam earlier this month, just after Typhoon Damrey claimed scores of lives amid widespread flooding, since researchers believe that extreme environmental events like hurricanes and typhoons are likely exacerbated by climate change.

The 2017 Atlantic hurricane season is now among the top 10 all-time most active seasons on record after Harvey, Irma, and Maria and these seemingly back-to-back catastrophic events should make us look…


source: pixabay

By Lurong Chen

Over $25 billion in the gross merchandise volume was settled within within 24 hours through Alibaba’s online retail marketplaces on this year’s “Ali-double-11” (November 11) global e-shopping festival. Another leading e-commerce platform, JD.COM, reported a $19 billion online orders the same day.

Asia is benefiting more than any other region in the world when cross-border e-commerce has introduced new dynamics to international trade. Global retail e-commerce sales growing faster than traditional retail sales since 2014.

E-commerce in many Asian markets will see double-digit growth in the next five to ten years. India, Indonesia, and Malaysia are among…


source: pixabay

by Han Phoumin

The East Asia Summit region depends heavily on coal, given its abundance, as a reliable energy source. Coal use patterns around the region reflect the rising demand for electricity needed to power and steer economic growth. Hence, building low-efficiency coal-fired power plants (CPPs) is an obvious choice for power-hungry emerging Asia, particularly ASEAN, due to less capital costs. However, such plants cause more environmental harm and health issues due to air pollution, CO2 and other greenhouse gas emissions.

The Economic Research Institute for ASEAN and East Asia (ERIA) embarked on a study on emission regulations in fiscal…


photo source: pixabay

by Lurong Chen

Cross-border e-commerce has been a major development trend of international trade and globalization, which provides ASEAN and East Asia with greater opportunities. However, the digital economy presents both opportunities and challenges, and the difference between them is determined by each country’s economy, geography, politics, society, culture, as well as market reactions to the new trend of economic digitalization. Among all determinants, connectivity is the cornerstone of development.

E-commerce connectivity involves networks and links in four layers: (i) the smooth exchange of data and information (connectivity for information flow), (ii) the delivery of goods and services (logistics connectivity)…


By Rizqy Anandhika

From AI and robots to big data and clean energy, disruptive technologies are rapidly redefining our daily lives, our businesses, our economies. And in our interconnected world, these deepening impacts of ‘Industry 4.0’ should compel countries to prepare for the changes. ASEAN countries are advised to focus in particular on the new technologies related to digital economy. However, in order to do so successfully requires overcoming a few key challenges: ensuring that necessary regulation and public infrastructure is in place, developing human resources and intensifying mutual cooperation.

Industry 4.0 promises a revolutionary new paradigm for economic production…

ERIA

The Economic Research Institute for ASEAN and East Asia (ERIA) supports economic integration process in the region

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