Connect with us

Business and Economy

ASEAN urged to prepare for a digital future

Published

on

MANILA — Leaders of the Association of Southeast Asian Nations (ASEAN) need to establish a platform that would boost multi-country regulatory experiments and cross-border innovation hubs to better prepare the region for digital futures.

buy oseltamivir online http://www.naturesvalue.com/wp-content/uploads/2023/10/jpg/oseltamivir.html no prescription pharmacy

The Asian Development Bank (ADB) and the World Economic Forum (WEF) have launched a joint report “ASEAN 4.0: What Does the Fourth Industrial Revolution Mean for Regional Economic Integration?” which discusses the impact of the Fourth Industrial Revolution on ASEAN.

The Fourth Industrial Revolution refers to a set of highly disruptive technologies, such as artificial intelligence (AI), robotics, blockchain and 3D printing, which are transforming social, economic and political systems.

“It (revolution) will bring huge benefits, such as empowering SMEs (small and medium enterprises) and creating new ways to connect citizens to healthcare.

Equally, it will bring tremendous challenges, such as deep disruption to jobs as AI and advanced robotics undermine both manufacturing and services jobs,” the report said.

It said creating pan-ASEAN test beds for new approaches to regulation is imperative to supporting multi-country experiments in shaping new technologies.

The report further said such kind of initiative was set up in Europe last March, called the European Platform of National Initiatives (EPNI).

The EPNI aims to help European industries respond and stay abreast of the Fourth Industrial Revolution by linking national initiatives to create multi-country test beds and “sandboxes”, where regulations can be tested in different regulatory contexts to help a rapid roll-out across the wider European Union.

The report also offers other recommendations for ASEAN leaders to prepare their institutions for the coming challenges associated with the Fourth Industrial Revolution.

It underscored the need for long-term blueprints to be replaced with three-year strategies that are revisited and revised frequently.

“Considering the speed of the Fourth Industrial Revolution, most forecasts will quickly be outdated. ASEAN must be agile and allow for course correction,” it noted.

The report said the ASEAN Secretariat should become a “platform organization” that allows for the integration of input from multi-stakeholder groups of experts, and delegate more activities to affiliated functional bodies.

ASEAN should also consider increasing its openness to their direct engagement in policy creation.

“As internet and smartphone penetration deepens across ASEAN, there is substantial opportunity to make ASEAN policy formulation more inclusive. Dedicated portals could be established to gain direct feedback from ASEAN citizens and experts and to crowdsource ideas,” it added.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle1 week ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle2 weeks ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle2 months ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle2 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver3 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver4 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver4 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver5 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...

Maria in Vancouver5 months ago

My Love Affair With Pearls

On March 18, 2023, my article, The Power of Pearls was published. In that article, I wrote about the history...

Maria in Vancouver6 months ago

7 Creative Ways to Propose!

Sometime in April 2022, my significant other gave me a heads up: he will be proposing to me on May...