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COVID-19 and Southeast and East Asian Economic Integration: Understanding the Consequences for the Future

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  • Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract

The coronavirus disease (COVID-19) pandemic has severely affected East and Southeast Asian economies, especially by disrupting the flow of goods and services in the region’s global value chains (GVCs). Since a similar pandemic is likely to happen in the future, we must learn from the experience, make efforts to build new economic and social systems, and invent new methods of doing business, economic governance, and regulation to keep adverse pandemic impacts to a minimum. It is, therefore, important for the Association of Southeast Asian Nations (ASEAN) Member States (AMS) and Dialogue Partners to strengthen economic integration by sustaining seamless connectivity and opening up the trade and investment regime. The adoption of the technology of the Fourth Industrial Revolution (IR 4.0) – such as artificial intelligence, IoT, automation, and robotics – gives manufacturing firms a better chance of rapidly increasing production when the economy recovers

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  • Economic Research Institute for ASEAN and East Asia (ERIA), 2020. "COVID-19 and Southeast and East Asian Economic Integration: Understanding the Consequences for the Future," Working Papers PB-2020-01, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:pb-2020-01
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    References listed on IDEAS

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    1. Chen, Lurong & De Lombaerde, Philippe, 2014. "Testing the relationships between globalization, regionalization and the regional hubness of the BRICs," Journal of Policy Modeling, Elsevier, vol. 36(S1), pages 111-131.
    2. Fukunari Kimura & Ayako Obashi, 2016. "Production Networks in East Asia: What We Know So Far," ADB Institute Series on Development Economics, in: Ganeshan Wignaraja (ed.), Production Networks and Enterprises in East Asia, edition 1, chapter 0, pages 33-64, Springer.
    3. Fukunari Kimura & Shandre Mugan Thangavelu & Dionisius Narjoko & Christopher Findlay, 2020. "Pandemic (COVID‐19) Policy, Regional Cooperation and the Emerging Global Production Network†," Asian Economic Journal, East Asian Economic Association, vol. 34(1), pages 3-27, March.
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    Cited by:

    1. Antonio Fanelli, 2021. "How ASEAN Can Improve Its Response to the Economic Crisis Generated by the COVID-19 Pandemic: Inputs drawn from a comparative analysis of the ASEAN and EU responses," Working Papers DP-2021-08, Economic Research Institute for ASEAN and East Asia (ERIA).
    2. Suparak Suriyankietkaew & Suthep Nimsai, 2021. "COVID-19 Impacts and Sustainability Strategies for Regional Recovery in Southeast Asia: Challenges and Opportunities," Sustainability, MDPI, vol. 13(16), pages 1-28, August.
    3. Fukunari Kimura, 2020. "Exit Strategies for ASEAN Member States: Keeping Production Networks Alive Despite the Impending Demand Shock," Working Papers PB-2020-03, Economic Research Institute for ASEAN and East Asia (ERIA).

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