The bloc must reinforce open regionalism and develop a long-term low carbon vision. Read more at straitstimes.com.
WASHINGTON – Asean needs to reinforce open regionalism, and develop a long-term low carbon vision, to take advantage of opportunities or risk member states drifting apart, says former Indonesian minister Mari Pangestu.
“You don’t want to be pulled either from the China side, or the US side, or other countries saying this should be your regional order,” she said. “We should really take charge of how we should be looking at this.” An avowed “Aseanist”, Dr Pangestu is the outgoing managing director of development policy and partnerships at the World Bank in Washington. She was Indonesia’s minister of trade from 2004 to 2011, and minister of tourism and creative economy from 2011 to 2014.
In a world of much uncertainty, in order to reduce vulnerabilities, there is a trend towards diversification and “deconcentration” of supply chains as a response to security and geopolitical shocks, Dr Pangestu noted, and Asean is well placed to benefit.Moreover, security and economics are not separate, she said. Economic interdependence needs to be seen as part of security cooperation, and include non-traditional security concerns such as climate, health, refugees and immigration.
A key element for Asean to be both attractive and relevant should be a long-term vision for a low-carbon development strategy, because that is what countries will look for in terms of where they would relocate manufacturing, Dr Pangestu said.That includes strategies for the electric vehicle industry.
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