Survey on International Economic Cooperation

Keita Oikawa and Fusanori Iwasaki

Chapter 4 in ASEAN-Japan Economic Partnership for a Sustainable and Resilient Future, pp 165 - 194 from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: In this chapter, opportunities for the enhancement and expansion of the partnership between the Association of Southeast Asian Nations (ASEAN) and Japan are explored through the lens of various case studies from other regions of the world. In collaboration with Deloitte Consulting Pte Ltd., the chapter examines case studies on four key domains of interest: (i) Trading across borders. ASEAN has built a competitive and resilient international production network, thanks to its generally liberalised trade environment. The COVID-19 pandemic exposed the vulnerabilities of the trading system, however, including supply chain resilience. In this chapter, boosting multilateral trade and customs clearance operations are thus investigated. (ii) Human resources development. Industry 4.0 is requiring new skill sets for human resources, including those in the ASEAN–Japan region. This chapter investigates approaches to the development and supply of such human resources to the labour market across the globe. (iii) Digital economy. Digital technology is creating new, large businesses. In addition, in this age of rapid digital penetration, digital innovation is a key driver of economic growth. How innovation can be promoted in the ASEAN-Japan region is therefore investigated. (iv) Sustainability. For ASEAN and Japan, sustainability is not a medium- to longterm initiative but an urgent issue. Climate change and disasters are having major impacts in the region. The chapter examines various sustainability agendas around the world that ASEAN and Japan should consider.

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Persistent link: https://EconPapers.repec.org/RePEc:era:chaptr:2023-asean-japan-economic-partnership-for-a-sustainable-and-resilient-future-4

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