Launched as a political bloc and security pact in the aftermath of the Viet Nam War, the Association of Southeast Asian Nations (ASEAN) has evolved to embrace an ambitious economic agenda. Its latest project is to establish the ASEAN Economic Community by 31 December 2015. But is this likely?
The recent formal pledging session for the Green Climate Fund (GCF)—more than $9 billion in just 5 months—is by far the most successful resource mobilization ever seen for a multilateral climate fund. The US has pledged $3 billion, followed by Japan ($1.5 billion), UK ($1.13 billion), and Germany and France (with $1 billion each). Four developing countries—Indonesia, Mexico, Mongolia, and Panama—have made pledges, breaking the traditional donor boundaries.
The ASEAN Economic Community’s 2025 blueprint addresses many gaps, but uncertainties remain ahead of the deadline.
More coordination and cooperation at the borders will create greater efficiencies that are passed on to traders so business becomes faster and cheaper – a cross-border win-win situation for all in South Asia.
Here’s why the perception that skilled migration damages the source country is wrong.
Important changes are underway for Southeast Asia’s relationship with its biggest trading partner, the People’s Republic of China.
If implemented well, this strategy promises more robust industrial growth, improved productivity, higher-paying jobs and skills development, influx of foreign investors, and increased exports.
Southeast Asian economies are starting to feel the pinch of trade tensions, recession fears and other global trends.
Central Asia has the opportunity to create a sustainable, safe, easily accessible, and well-known tourism destination that provides a variety of year-round, quality experiences.
If history is any guide, protectionism comes and goes, so the current rising tide will recede eventually.