Public and private sectors must work together to bridge ASEAN's infrastructure gap

By Donald Kanak, Chairman of Eastspring Investments The ten member-states of the Association of South-East Asian Nations (ASEAN) have enjoyed a remarkable decade of economic success. The region has doubled its gross domestic product (GDP) and raised its share of global merchandise exports by 50%. But, during the past few years, ASEAN’s share of global trade has levelled off, with total merchandise export value peaking in 2014 and the inflow of foreign direct investment peaking in 2013. To remain a growth powerhouse, ASEAN must continue to boost its competitiveness, particularly…
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Belt & Road and International Cooperation

KEY TO GLOBAL GROWTH AND REDUCING LONG-TERM RISKS The Belt & Road Initiative, announced by President Xi Jinping in 2013, is a drive to build infrastructure connecting China and the other 64 Silk Road countries of ASEAN, South and Central Asia and the Middle East. The initiative is well recognised as a welcome stimulus to global growth, and helping countries face the challenges of poor physical and social infrastructure. What is less discussed but equally important is Belt and Road’s potential to address the massive and urgent need to create hundreds of millions of jobs acros…
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