COVID-19 and Southeast and East Asian Economic Integration: Understanding the Consequences for the Future

Economic Research Institute for ASEAN and East Asia (ERIA)

No PB-2020-01, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: The coronavirus disease (COVID-19) pandemic has severely affected East and Southeast Asian economies, especially by disrupting the flow of goods and services in the region’s global value chains (GVCs). Since a similar pandemic is likely to happen in the future, we must learn from the experience, make efforts to build new economic and social systems, and invent new methods of doing business, economic governance, and regulation to keep adverse pandemic impacts to a minimum. It is, therefore, important for the Association of Southeast Asian Nations (ASEAN) Member States (AMS) and Dialogue Partners to strengthen economic integration by sustaining seamless connectivity and opening up the trade and investment regime. The adoption of the technology of the Fourth Industrial Revolution (IR 4.0) – such as artificial intelligence, IoT, automation, and robotics – gives manufacturing firms a better chance of rapidly increasing production when the economy recovers

Pages: 7 pages.
Date: 2020-04-23
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (3)

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