ASEAN Digital Community 2045 Global Insights
Lili Yan Ing
No 2025-RPR-15 in Books from Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
Part III of the report examines the state of digital transformation in advanced economies – specifically Sweden, Germany, the Republic of Korea, China, and Japan. This section is intended to offer valuable lessons for ASEAN Member Countries (AMCs) as they shape their future economies through the full adoption of digital technologies. By studying the challenges faced by these advanced economies, AMCs can gain insights into how to anticipate, prevent, and effectively respond to similar issues. Common challenges encountered by advanced economies include regulatory barriers, infrastructure bottlenecks, cybersecurity threats, and resistance to organisational and societal change. However, these challenges also present opportunities – particularly when countries actively foster innovation ecosystems, promote financial inclusion, and harness digital technologies for sustainable development. For AMCs, achieving a resilient and inclusive digital future by 2045 will require targeted investments in digital infrastructure, skills development, regulatory reform, and regional cooperation. Drawing on the experiences of more advanced digital economies can help ASEAN countries accelerate their transformation while avoiding common pitfalls.
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:era:eriabk:2025-rpr-15
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