We use cookies on this website to give you a better user experience. By continuing to browse the site, you are agreeing to our use of cookies. Learn more

ASEAN Development and Innovation Strategy in the Era of New Industrialisation

ASEAN Development and Innovation Strategy in the Era of New Industrialisation
16 July 2020
ASEAN, Innovation, Industrialisastion

Print Article:

Foreign direct investment (FDI) and trade will continue to play an important role in the assimilation of the latest technologies within the Association of Southeast Asian Nations (ASEAN) Member States (AMS). However, it is also necessary for ASEAN firms to enhance their own innovation capabilities to create new business opportunities. Fostering this innovation requires developing human resources by not only equipping workers with appropriate knowledge and the skills needed by the manufacturing industry, but also nurturing ‘technology entrepreneurs’ who can innovate using the latest information and communication technology. While AMS can accelerate technology adoption by strengthening networks, particularly with developed countries, they also need to create unique ‘product innovation’ of goods and services in addition to cost-reducing ‘process innovation.’ With respect to national innovation systems, AMS can use ‘leapfrogging’ (skipping development stages) and ‘feedback’ (introducing advanced technologies into old industries) development strategies based on the Fourth Industrial Revolution (4IR) and establish an ‘innovation niche’ that is competitive, attractive, and unique to the rest of the world.
This policy brief presents goals, analyses, and policy recommendations on human resource development, technology adoption, and innovation to achieve quality growth in the era of new industrialisation.

ASEAN Development and Innovation Strategy in the Era of New Industrialisation


Search ERIA.org

Latest Multimedia

Indonesia's ASEAN Chairmanship 2023 High-Level Policy Dialogue: ASEAN Digital Community 2045

ERIA Knowledge Lab Discusses Scaling Up Innovation and Digital Technology Ecosystem

Is ASEAN Ready for Electric Vehicles? | ASEAN Insights Podcast

Related Articles

11 March 2019
Editor(s)/Author(s): Byeongwoo Kang
The design of national innovation systems has attracted attention from scholars and policymakers. Firms, universities, and government[...]
Innovation, Policy
18 September 2018
Editor(s)/Author(s): Masahito Ambashi
Innovation Policy in ASEAN is a first attempt at a comprehensive innovation study of ASEAN. The book includes not only an overall[...]