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Asia’s Post-Pandemic DisIntegration? / Jayant MENON

Asia’s Post-Pandemic Order and Integration: Outlook of ASEAN and the Indo-Pacific at Crossroads

Asia’s Post-Pandemic DisIntegration ? Dealing with Disruptive Technologies and Divergent Demographics Amid Pandemic Fallout
Jayant MENON, ISEAS – Yusof Ishak Institute

New variants of the coronavirus are producing the worst outbreaks in many countries in the Indo Pacific. Progress with vaccine rollouts has been uneven, further contributing to inequality of outcomes. The pandemic could have lasting effects by reinforcing nationalism, protectionism, and other trends that are already undermining globalisation. The most serious challenge posed by a pandemic induced acceleration towards a digital economy is the disruption to labour markets, made worse by divergent demographic trends in the region. Policies that increase factor mobility can narrow differences in capital-labour ratios and assist in productivity catch-up to promote more inclusive growth. The reduction in labour and capital mobility during the pandemic may continue into a post-pandemic new normal, however. Since commodity movements can partly substitute for factor movements, regional initiatives that iberalise trade can also reduce adjustment costs.

 

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Session 5 / Asia’s Post-Pandemic Integration : What the Indo-Pacific Should Stand for ?
Chair : Prof. Suthiphand CHIRATHIVAT, Chulalongkorn University, Bangkok

The session will present and discuss challenging times of Asian integration caused by erosion of global economic order, lingering pandemic crisis and possible recovery, unpredictable trade frictions of major powers, and upcoming regionwide trade agreements of RCEP and CPTPP. The Indo-Pacific has added another dimensions to regional integration, with possible alliances and new ways/models for reimagining trade, investment, technology, and regional value chains. This session will deal with what this changing environment is meant for Asia, Asian integration and, in particular, ASEAN, in terms of policy preparedness and adjustment to be implemented.

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“Asia’s Post-Pandemic Order and Integration : Outlook of ASEAN and the Indo-Pacific at Crossroads” is an international conference organized by The Research Institute on Contemporary Southeast Asia (IRASEC-CNRS) with the ASEAN Studies Center (Chulalongkorn University) in Bangkok, and the ASEAN-India Centre (AIC), RIS in New Delhi.
8-9 July 2021 - Chulalongkorn University, Bangkok