ASEAN's robust economic performance is increasingly serving as a stabilizing force for global markets amid geopolitical uncertainties, according to Alfred Schipke, director of the East Asian Institute (EAI) at the National University of Singapore.
In an interview with CGTN's Michael Wang, Schipke emphasized that the bloc's diversified growth strategies and integration efforts have created a "unique buffer" against global economic volatility. "ASEAN's ability to balance domestic reforms with regional cooperation makes it a critical player in sustaining worldwide economic momentum," he noted.
The region's GDP growth, projected at 4.8% for 2024, outpaces many developed economies. Analysts attribute this resilience to ASEAN's expanding digital economies, manufacturing diversification trends, and coordinated monetary policies. For investors, this translates to emerging opportunities in green energy infrastructure and cross-border fintech solutions.
Schipke highlighted that ASEAN's emphasis on inclusive development models could offer lessons for other regions grappling with inequality. The bloc's upcoming initiatives in sustainable supply chains and AI governance frameworks are particularly watched by policymakers worldwide.
