East Asia: Digital Economy Poised to Be the New Driver of Development

The ASEAN+3 region is eager to adopt new technology and embrace the digital revolution, which will help regional economies progress in their development paths. This was highlighted by a discussion panel at the seminar on “Building Capacity and Connectivity for the New Economy” co-organized by the ASEAN+3 Macroeconomic Research Office (AMRO) and Malaysian Economic Association (MEA) in Kuala Lumpur on August 6, 2019. This seminar is part of AMRO’s outreach program to introduce key findings of its flagship report, the ASEAN+3 Regional Economic Outlook (AREO) 2019, which was published in early May. It attracted an audience of 120 participants from both the public and private sectors, and the media.

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Embracing Technology and Investing in Infrastructure – ASEAN+3’s Path into the ‘New Economy’

Despite its disruptive effects, the ASEAN+3 economies can harness technology for job creation and sustainable economic growth. To successfully do so, regional economies need to create a technology-friendly ecology by investing in hard and soft infrastructure. This insight was shared by government officials, economists, and private sector representatives during a seminar entitled “Building Capacity and Connectivity for the New Economy in East Asia” co-organized by the ASEAN+3 Macroeconomic Research Office (AMRO) and the Bangko Sentral ng Pilipinas (BSP) on June 19 in Manila. This seminar is part of AMRO’s outreach program to introduce key findings of its flagship report, the ASEAN+3 Regional Economic Outlook (AREO) 2019, which is published in early May. It attracted an audience of 80 participants from both the public and private sectors.

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Financial Constraints Facing Developing Economies: ASEAN+3’s Experiences and Prospects

Many developing economies face daunting financial constraints as they strive to move up the income and development ladder. In particular, developing economies need high levels of investment over prolonged periods of time to lift potential growth, and move up the income ladder.

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Advisory Panel Discusses Macroeconomic Surveillance with AMRO Director Mr Toshinori Doi and Staff

Members of the Advisory Panel (AP) of the ASEAN+3 Macroeconomic Research Office (AMRO), convened in Singapore today to review and discuss AMRO’s research and surveillance work. This is the first meeting between AMRO Director Mr. Toshinori Doi, whose term started on May 27, 2019, and the AP, which includes three newly appointed members – Dr. Dave Fernandez, Mr. Daikichi Monma, and Dr. Atchana Waiquamdee.

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