Market Research Report
Future of ASEAN, Forecast to 2025
|Published by||Frost & Sullivan||Product code||487843|
|Published||Content info||206 Pages
Delivery time: 1-2 business days
|Future of ASEAN, Forecast to 2025|
|Published: March 14, 2017||Content info: 206 Pages||
Potential Contribution of the Integration of 10 SEA Nations to Regional Growth and New Opportunities across Sectors
ASEAN's GDP is forecast to increase from $2.4 Trillion in 2015 to $5.2 Trillion in 2025, largely due to the ongoing implementation of the AEC. This study examines the potential contributions of this integration to regional growth by analysing the impact of various Mega Trends and expanding on the predictions for each sector. It also analyses the new growth drivers and the areas of innovation most likely to seen in ASEAN until 2025. The study's time frame is from 2015 to 2025.
ASEAN, at the current level of economic growth, is poised to become the fourth-largest market-after EU, US, and China-by 2030, supported by increased skilled workforce, abundant natural resources, and favourable geographic location for trade and commerce.
The huge regional economic integration of ASEAN would make ASEAN a single market and production base and create free movement of goods, services and labour like the European Union. This will boost the intra-regional trade both within ASEAN and among emerging Asia's economies which will raise the economic growth levels.
Future of Governance: South China Sea dispute, eGovernance, Government budgets,
ASEAN, a collaboration of 10 Southeast Asian nations (Brunei Darussalam, Myanmar, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Vietnam), is one of the fastest growing regions in Asia. Its growth over the next 10 years is expected to be driven by Mega Trends in various sectors. It is imperative that business and organizations with interests in the region equip themselves fully with knowledge on the present landscape and forecast changes, particularly as a result of the ongoing regional economic integration initiatives.