ASEAN in 2030
This section provides a snapshot of what ASEAN might look like in 2030.16 It is meant to help Australian businesses think about the region's commercial and economic prospects. By 2030:
ASEAN's openness to trade, sound institutions and relatively low inequality has helped maintain its impressive growth record.
ASEAN's integrated Economic Community has realised its potential and made it faster, easier and cheaper to do business and deliver products and services to its 334 million-strong consumer class and the world.
ASEAN's population is young and digitally connected. They live longer and they're happy to spend on travel, quality produce and healthcare.
Many are educated abroad but there are still gaps in skills across the region. Workforce training is in demand and governments & people are willing to pay for it.
Half of ASEAN's 700 million people live in cities. Forty cities contain populations of 1 million or more. Meanwhile regional cities have boomed thanks to intersecting travel, trade and digital connections.
Massive infrastructure spending has sustained growth. The skills to help manage the transport, energy and logistical pressures of these expanding cities are prized.