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50 years on, Asean's potential still holds much to bank on

Its urbanisation rate, for example, is 48% vs wealthy countries' average of 80%.

Published Mon, Sep 11, 2017 · 09:50 PM

ASEAN celebrates its 50th birthday this year amid rising protectionist sentiments globally. There is much debate and reflection on the impact of globalisation and the fate of regional blocs in recent times.

As the world becomes more connected through business, travel and technology, we have also become more disconnected. We see a widening economic and social divide, weakening cultural understanding and deepening concerns about environmental protection. It is not about turning our backs on globalisation and connectivity but in modifying our approach, such that the ramifications are more thoroughly considered and managed, to ensure its benefits are more widely appreciated and equitably shared. What is needed is a more inclusive and sustainable model for collaboration.

In this context and time, there is wisdom in Asean's pragmatic and paced approach to integration, based on the principles of non-interference and consensus. Since its founding, Asean has progressed in terms of economic growth, social and cultural development, while maintaining peace and security in the region. This achievement can neither be understated nor taken for granted.

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