The World Economic Forum has published the White Paper “ASEAN 4.0: What does the Fourth Industrial Revolution mean for regional economic integration?”. This paper focuses on the impact of the Fourth Industrial Revolution on the Association of Southeast Asian Nations (ASEAN). The Fourth Industrial Revolution refers to a set of highly disruptive technologies, such as artificial intelligence (AI), robotics, blockchain and 3D printing, that are transforming social, economic and political systems and putting huge pressure on leaders and policy-makers to respond.
The paper also explains why ASEAN must adopt a regional approach to navigating the Fourth Industrial Revolution. Yes, national-level policies are critical, and ASEAN nations are pursuing these diligently, such as Thailand 4.0 and Singapore’s Smart Nation initiative. But the technologies of the Fourth Industrial Revolution do not recognize national borders. If ASEAN leaders do not think regionally, they will miss out on opportunities and fail to address growing challenges.
To access the full paper please go to this link: https://eccil.org/euro-lao-business/asean-and-aec/asean-4-0-what-does-the-fourth-industrial-revolution-mean-for-regional-economic-integration/.