Asean is poised for post-pandemic inclusive growth and prosperity – here’s why

The World Economic Forum's annual gathering of world leaders, business heavy-hitters and other influential people in Davos start online on Jan 17, 2022, for a second year in a row due to the Covid-19 pandemic. – AP

And the future looks bright. According to the first-of-its-kind Asean Development Outlook report, the total combined GDP of 10 Asean countries in 2019 was valued at US$3.2 trillion – making Asean the fifth-largest economy in the world, well on track to become the fourth largest by 2030. Members collaborated on the flow of essential goods and enhanced the resilience of its supply chains and sourcing in the region.

With it, Asean resolves to keep markets open while strengthening regional economic integration towards post-pandemic inclusive recovery. Considering that 40% of investment in Asean comes from RCEP members – of which 24% comes from non-Asean RCEP member countries – opportunities exist to boost more sustainable FDI in the region, particularly value chain-linked FDI taking into account the benefits of RCEP and the recently concluded Asean Investment Facilitation Framework .

The Forum is addressing this global issue through initiatives like the EDISON Alliance, which mobilizes multi stakeholder collaboration to expand digital access to more than 1 billion people by 2025.

Lol keep your borders shut and basically keep yourself cut off from the outside world and you’ll have the opposite if not already

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