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ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution

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ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution Regional Agenda World Economic Forum on ASEAN ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution Ha Noi, Viet Nam 11-13 September 2018 Contents Is pluralism under 04 22 threat? 28 Preface Regional Diversity is the region's strength A note from Justin Wood on governance this year’s record-breaking How can the region respond to meeting Rethinking the city 29 fluid geo-economics, shifting Time to reconnect to human trade relationships and new values, say experts power dynamics to secure 06 peace and prosperity for all? Meeting Can ASEAN turn 32 highlights geostrategic and Economic technological disruption The meeting in numbers 06 into opportunity? 22 and business See the statistics Børge Brende and Justin dynamism Wood perspectives Understand the drivers of new Meeting Co-Chairs 07 business models, the shape of Shaping the agenda Asian leaders call for emerging economic systems rules-based geopolitics 24 and the requirements for agile The view from the top 08 Asian countries must defend governance Read what leaders said about the global system of rules- the issues based multilateralism Grow Asia: Embracing technology to transform Project progress 14 Talking ‘bout my food systems 32 Results, announcements, and generation 25 Meeting global demand for updates from the meeting on ASEAN is a young region with sustainable food projects being run in ASEAN old politicians ... on the World Economic Forum Missed opportunity: platform Mekong leaders reaffirm Diaspora networks 33 commitment to join Harnessing the economic Cultural connection 20 forces 26 power of overseas citizens Art, music, and literature play Integration is a pressing priority an important role in enriching the discussions at the meeting Turning the tide on ASEAN youth bullish plastic 27 about impact of Eighty South-East Asian How to tackle this crisis technology on jobs 34 start-ups feature in the Optimism abounds on meeting 21 employment prospects ASEAN's next generation companies share stories of transformation and disruption 2 World Economic Forum on ASEAN Don’t do normal stuff, Workplace 4.0 53 don’t ask for money: A 44 How will we work in years to tech CEO's surprising Social inclusion come? advice 36 Explore how to shape Steering ASEAN Look for the magic the forces of change to drive access to better towards safer roads 54 In Asia-Pacific, one person Optimism about ASEAN healthcare and education, dies in a traffic accident every economic outlook 37 new infrastructure, financial 40 seconds Positive outlook despite inclusion and more looming threats accountable governance. ASEAN-led healthcare E-commerce needs Public joins Open Forum systems 55 support to empower discussion on ASEAN Collaboration between the SMEs 38 4.0 44 population, the government and the private sector is key ASEAN e-market's enormous First ever Open Forum in Viet potential Nam features start-ups Factory Asia's next New approaches to frontier 39 58 reducing inequality 45 Acknowledgements Time to accelerate regional Persistent social inequalities Find out which companies provided integration of production take the lustre off growth systems valuable support for the meeting Tackling the toxic norms Digital tools and the illicit that hold women back economy 40 in Asia 46 Tracking illicit money flows with 60 Anne-Birgitte Albrectsen tech outlines what needs to change Digital update The event page of the World Economic Expanding financial Funding the endgame Forum on ASEAN inclusion 41 against malaria 50 A mixed picture across the An end to the scourge? region 61 Preparing for jobs of the Distributed-ledger future 51 Contributors technologies could What's ahead in the world of enable $1 trillion in trade 41 work? New study on reducing the worldwide trade finance gap Tackling malnutrition through tech 52 Teaming up to educate people about proper nutrition World Economic Forum on ASEAN 3 Preface World Economic Forum on ASEAN ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution Justin Wood Head of Asia-Pacific and Member of the Executive Committee, World Economic Forum World Economic Forum ® © 2018, All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system. REF 151018 4 World Economic Forum on ASEAN This year’s World Economic have the potential to generate a Some 1,000 participants from Forum on ASEAN was the second highly positive future. But equally, 45 countries gathered to debate time that we have staged our they could cause the strong story these issues, and many others. regional meeting in Viet Nam. The currently unfolding to weaken. And, for the first time, the meeting first was in 2010, in Ho Chi Minh featured 80 of the region’s most City. Consider the future of jobs. exciting and dynamic start-ups In ASEAN, the labour force is to help enrich the understanding During those eight intervening forecast to expand by 11,000 of what the future will look like. years, the economic story in workers every day for the next 15 The discussions and workshops Viet Nam has been particularly years. And yet, industrial robots were both frank and constructive, impressive. The country’s GDP now out-compete low-skilled generating a wealth of ideas for has nearly doubled in US$ terms, manufacturing labour. Artificial the future. while the value of exports has intelligence threatens ASEAN’s nearly tripled. But this story is service jobs. Self-driving vehicles The World Economic Forum is not unique to Viet Nam. Strong are already at work in South- grateful to all who joined the and robust economic growth East Asia. How will the region’s meeting for their commitment and has been evident right across growing workforce find jobs? dynamic participation. We look the 10 countries of ASEAN, and forward to welcoming you to next continues at around 5% a year in Addressing these issues will call year’s gathering. real terms. for entrepreneurship. At one level, the region must unleash the Today, however, we face the age entrepreneurial spirit of individuals of the Fourth Industrial Revolution. and small and medium-sized New technologies such as enterprises (SMEs) to build new artificial intelligence, advanced companies and new industries. robotics, blockchain, autonomous But just as important, ASEAN vehicles, the internet of things must embrace entrepreneurship in and many others are collectively the crafting of policy, governance causing massive transformations models, geopolitical relationships around the world. and new approaches to inclusive growth. In short, there must be Technological change is delivering entrepreneurship not only in the exciting solutions to persistent business interest, but in the public problems, and empowering interest too. new business models and new forms of social and economic This was the key question on the inclusion, especially for lower- agenda at our meeting in Ha Noi: income countries. But it is also How to steer the transformations throwing up important questions of the Fourth Industrial Revolution that business, government and in a positive direction for the policy-makers must address. In region? ASEAN, these transformations World Economic Forum on ASEAN 5 Meeting highlights The meeting in numbers More than 1,000 participants 80 of the region’s most from 45 countries dynamic start-ups More than 90 public figures, More than 70 young leaders, representing all 10 ASEAN including Global Shapers, nations, including 8 heads of Social Entrepreneurs and state/government Young Global Leaders Over 650 business More than 50 participants are participants leaders in media, civil society and academia For session highlights, blogs, videos and meeting-related documents, plus Forum insights, visit https://toplink.weforum.org/ 6 World Economic Forum on ASEAN Meeting Co-Chairs As education has become ASEAN does recognize the 4.0 We can still be making more more and more inclusive … the challenge and I am optimistic progress [towards integration] but economies are still not taking full about what the ASEAN secretariat be extremely mindful about the advantage of that really fantastic will do now going forward. consequence for those who … resource: well-educated young are left behind. women in their workforce. Nazir Razak, Chairman, CIMB Group Holdings, Malaysia Sri Mulyani Indrawati, Minister of Finance of Anne-Birgitte Albrectsen, Chief Executive Indonesia Officer, Plan International, United Kingdom On US-China relations, if you look For all the talk of trade conflict … We have to train people so at just the trade side it does look the underlying fundamentals of they are adept at change, not tense, but I think these are two this part of the world remain solid. only technological training, but big players on the global stage And therefore while there may be soft skills too. I think the Fourth with strategic calculations that turbulence in the near term, we Industrial Revolution is more about sometimes diverge, but also at should expect and can believe in a mindset revolution. times converge. And I think on the a very positive future for ASEAN North Korea nuclear issue, they and beyond. Nguyen Manh Hung, Acting Minister of have converged. Information and Communications of Viet Nam Kevin Sneader, Global Managing Partner, McKinsey & Company, Hong Kong SAR, China Kang Kyung-Wha, Minister of Foreign Affairs of the Republic of Korea World Economic Forum on ASEAN 7 The view from the top In the Opening Plenary of the World Economic Forum on ASEAN, leaders gave impassioned speeches on some of the priorities they see for the region in the era of the Fourth Industrial Revolution On trade We are moving from a unipolar to a The world economy is picking up, but multipolar world, and from a uniconceptual uncertainties and destabilizing factors are to a multiconceptual world. This is leading on the rise, particularly as some countries’ to increased fragility of our global system, protectionist and unilateral measures while also enhancing the potential for global are gravely undermining the rules-based conflicts, as we see now with the potential multilateral trading regime, posing a of trade wars.
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