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www.eria.org. The Voice of ASEAN Youth: ASEAN Priorities and Challenges. Sothea OUM Economic Research Institute for ASEAN and East Asia (ERIA)

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the voice of asean youth asean priorities and challenges

www.eria.org

The Voice of ASEAN Youth: ASEAN Priorities and Challenges

Sothea OUM

Economic Research Institute for ASEAN and East Asia (ERIA)

The 8th Asia Economic Forum on “ASEAN in the Evolving Regional Architecture: Opportunities, Challenges, and Future Direction” Hotel Sofitel Phnom Penh Phokeethra, Phnom Penh, 16 -18 March 2012

transformation of international commerce 2 nd unbundling in manufacturing and related service
Transformation of International Commerce - 2nd Unbundling in Manufacturing and Related service

20th century

trade

21st century

trade

  • 1) Necessary trade & service links
  • Connecting factories
  • - Trade policy barriers;
  • - Transportation services;
  • Business mobility;
  • Communication services.

2) Necessary “Behind the border barriers” (BBB) reform

Doing business abroad

- International investment;

- Application of home’s technology abroad;

- Local availability of business services.

Source: Baldwin (2011)

what does aec look like in 2015
What does AEC look like in 2015?

AEC 2015 is more than FTA. It aims for a common market but not quite a single market. It is not a customs union and does not aim for economic and monetary union.

NOTE: Common Market range of nuance: from free movement of goods and freer flow of services, capital and labor on one end, and on the other end, a single market.

ASEAN

challenges and ways forward
Challenges and Ways Forward
  • Challenges
    • Jobs, Jobs, and Jobs for new entrants to labor markets and business opportunities
    • Master ASEAN language and new high skills to benefit from new industries
    • Once AEC is further advanced, fiercer competition – standards and conformance, technological gaps/frontiers, especially for SMEs
    • Structural/sectoral adjustments , skill mismatch, dislocation, losers
  • Ways forward
    • Be better informed and prepared for AEC – mechanism/safety net to mitigate potential negative effects
    • ASEAN activism - proactive be it business, political or cultural, policies that matter to youth – Raise your voice to be heard
    • Compassionate, prosper-thy-neighbors – within and beyond borders
    • You(th) are deserved and should demand for Quality of Education, Education, and Education !!!
    • Streamlining ASEAN studies into education system
thank you
Thank You

“Don't ask what ASEAN can do for you, but what you can do for ASEAN” - John F. Kennedy, the 35th President of the United States, reincarnated as ASEAN Champion

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