DIGITALIZATION PROCESSES DEVELOPMENT IN ASEAN REGIONAL INTEGRATION ASSOCIATION

D. G. Mirakyan ()

International Trade and Trade Policy, 2021, vol. 7, issue 1

Abstract: The expansion of the Association of Southeast Asian Nations (ASEAN) economic capacity appears to be driven by digital factors. Current research analyses the digitalization processes in ASEAN, determines the digitalization strategy for the integration block, provides with the relevant dynamics of digitalization level indicators. The analysis of digital indicators revealed the rapidly growing level of dissemination of information and communication technologies and the dynamic development of the digital economy as a whole. Despite ASEAN's digital potential, a number of problematic issues remained, such as government regulation, protection against digital fraud, and protection of intellectual property rights. A successful initiative for the digitalization development in the Asian Pacific region could be the development of an appropriate legal framework, the development of transport infrastructure, the public-private partnership tools usage and budgetary incentives. For ASEAN member countries leadership in the digital race it seems advisable to organize training sessions, create jobs in digital industries, develop social impact bonds (SIB) projects, and create a global digital ecosystem.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2021:id:430

DOI: 10.21686/2410-7395-2021-1-101-112

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