South-East Asia has shown remarkable recovery since the global economic crisis of 2008. According to the OECD, the region’s economy is projected to grow by an average of 5.5% per year between 2013 and 2017.
To foster the economic revival, several countries aim to form an Association of Southeast Asian Nations (ASEAN) Economic Community, or AEC, which will be characterized by a single market and production base. The integration process towards creating the AEC, scheduled for 31 December 2015, is proving to be a struggle because of the diverse economic growth levels of the region’s countries. The region also sees a rise in social media use, leading to increased trends of higher connectivity and a greater degree of alienation from social reality among the younger generations.
For the 2014-2016 term, the Global Agenda Council on South-East Asia will maintain its close collaboration with the ASEAN Secretariat and ASEAN business leaders. The council will focus its efforts to support the AEC implementation process in 2015 by providing advice and counsel to key leaders in the integration process. Members will provide policy recommendations for governments to mitigate the negative impacts of ASEAN integration and a value proposition on the benefits of regional integration. The council is also contemplating other creative methods, such as the design of a new logo or a mascot for ASEAN.
Council Manager: Shailesh Sharda, Community Lead, Regional Strategies - South and South-East Asia, India and South Asia, Global Leadership Fellow, Shailesh.Sharda@weforum.org
Forum Lead: Sushant Palakurthi Rao, Head of Asia Pacific, Member of the Executive Committee, firstname.lastname@example.org