ASEAN is at the crossroads. The vibrant economies of the majority of its 10 members are prone to an unprecedented change in their economic and societal structure, wealth distribution and nature of labour.
While the northern hemisphere has been struggling to solve internal crunches, new trade, investment and cooperation axes were being formed globally. In this scenario, ASEAN and Latin America are moving closer.
The 22nd ASEAN Summit in Brunei has made a very clear statement with regards to the formation of the ASEAN Economic Community. It turned out that ten-member bloc will most likely not be able to meet its target.
ASEAN is playing an increasingly important role as a growth engine for in regional trade and investment. It is no wonder that several neighbouring states are looking into the possibility of joining ASEAN as full-fledged members.
Within the sometimes chaotic politics in ASEAN countries, there are patterns that good governance is emerging, with select members leading the bloc by example while others falter, writes Justin Calderon.
There are factors that make it interesting for players in the Gulf education industry to look at ASEAN as a potential investment destination. Labour movement will grow, and workforce skills need to be streamlined.