Economic Outlook on Southeast Asia, China and India 2017 Addressing Energy Challenges

2017-05-09, by OECD Development Centre, from OECD Development Centre

Executive Summary:

The Economic Outlook for Southeast Asia, China and India is a bi-annual publication on regional economic growth, development and regional integration in Emerging Asia. It focuses on the economic conditions of Association of Southeast Asian Nations (ASEAN) member countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam. It also addresses relevant economic issues in China and India to fully reflect economic developments in the region.

The 2017 edition of the Outlook comprises four main parts, each highlighting a particular dimension of recent economic developments in the region.

The first part presents the regional economic monitor, depicting the near-term and medium-term economic outlooks, as well as macroeconomic and regional integration challenges in the region, as growth in trade has slowed in the region over the past five years as in the rest of the world; persistent low interest rates in advanced economies may result in market instability in Emerging Asia; Plateauing productivity growth threatens long-term growth prospects.

The second part discusses the recent progress made in key aspects of regional integration, including trade in services, investment and capital markets, competition and consumer protection, intellectual property rights and so on.

The third part presents this edition’s special focus: addressing energy challenges and renewable energy development in particular.  Feed-in tariffs (FITs), a rice- driven policy mechanism that offers long-term purchase agreements to power procedures for given renewable energy technologies, are commonly used.

The fourth part includes structural policy country notes offering specific recommendations. Commonly priority areas for reform for the region include infrastructure, education and skill development, tourism, FDI, and energy. Other important issues to be addressed by the countries of this diverse region include housing, the digital economy, economic diversification, capital market development and entrepreneurship.

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