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

East Asia Updates | January 2017

East Asia Updates | January 2017
13 February 2017
Lili Yan Ing, Jaysa Rafi Prana
Oil, Energy, Globalisation

Print Article:

Asia Facing Anti-Globalisation Trend

After almost a decade of weak growth and persistent high employment in the Eurozone, the world is entering 2017 set to retreat from the globalisation process that has been underway since the end of World War II. The increasing negative sentiment towards globalisation may have negative consequences for East Asia's economies. One of the possible channel of disruption: Asian exports to the US market may be hit as a result of growing protectionism given President Trump's determination to implement his 'America-First' policy, which has so far manifested itself through the formal withdrawal of the US from the Trans-Pacific Partnership. Faced with anti-globalisation sentiments, Southeast Asian and East Asian economies need to embrace the benefits of global trade and free movement of capital and skilled labour as it has pulled hundreds of millions of people out of poverty and has significantly increased living standards.

Oil Price Update 2017

After a historical deal between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producing countries was reached on 10 December 2016 to cut a total of 1.758 million barrels per day (bpd) starting from 1 January 2017 for six months, the price of oil increased to over $55 a barrel - the highest price in over a year and a half.

Structural Reform across Asia - Prospects for 2017

Asian countries - especially China, Indonesia, India, the Philippines, and Viet Nam - have the potential to improve their productivity levels to catch up with the developed economies. This is due to several factors including their favourable demographic conditions, tolerable levels of debt to gross domestic product (GDP) ratios, and strong commitment to structural reform while China is expected to continue its role as the main driver of the region's growth. To improve their productivity levels and maintain their growth momentum, Asian economies need to intensify efforts to reform their economies to increase their competitiveness on the global stage while continuing to implement sound macroeconomic policies.

Download the January 2017 update.

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

Latest Articles

Energy, Energy Transition, Carbon-neutral
12 July 2024
Editor(s)/Author(s): Han Phoumin, Yamada Fumiko
ASEAN is committed to developing renewable energy sources as part of the energy transition to[...]
energy, smart city, corporate governance, carbon neutral, Carbon performance, Malaysia
11 July 2024
Editor(s)/Author(s): Siti Indati Mustapa, Noor Raida Abd Rahman, Amar Hisham Jaaffar, Nor Salwati Othman, Syarifah Mardhiah Syed Salim
This study explores the role of corporate governance in carbon-intensive and[...]