ASEAN Emerges as a Global Stabilizer
Alfred Schipke, director of the East Asian Institute at the National University of Singapore, told CGTN the ASEAN region’s economic momentum is becoming a major stabilizing factor for the world economy. With an average GDP growth of around 5 percent over the past decade, Southeast Asian nations are attracting investment, driving innovation, and offering diversification beyond traditional markets.
Driving Innovation and Inclusive Growth
From fintech startups in Jakarta to sustainable manufacturing hubs in Vietnam, ASEAN’s diverse economies are fostering digital transformation and green initiatives. Data from the World Bank shows that ASEAN’s digital economy could reach 1 trillion dollars by 2025, supporting entrepreneurs and creating jobs for young global citizens.
What It Means for the World
For business and tech enthusiasts, ASEAN’s rise opens doors to emerging markets and cross-border collaborations. Thought leaders see new opportunities for research and policy-shaping around sustainability and human rights. Sports and entertainment fans benefit from a richer cultural exchange, from blockbuster film festivals in Bangkok to international esports tournaments in the Philippines.
Travelers and Digital Nomads Take Note
Adventurous digital nomads are already drawn to ASEAN’s vibrant cultural scenes, affordable lifestyles, and growing coworking communities. Whether exploring the rice terraces of Bali or networking in Kuala Lumpur’s innovation districts, travelers can engage with local initiatives that prioritize sustainable and immersive experiences.
As ASEAN continues its growth trajectory, its influence on global stability and balanced growth will only deepen. For young citizens, entrepreneurs, and changemakers alike, the region offers a dynamic landscape of opportunities and real-world impact.
Reference(s):
Academic: ASEAN offers global economic stability and balanced growth
cgtn.com
