Call for cooperation to address digital gap within a country and between countries.
A FEW days ago, ride-hailing firm Grab unveiled an ambitious plan to invest US$500mil in Vietnam over the next five years, just a month after it announced an investment of US$2bil in Indonesia.
On a national scale, Malaysia established the world’s first Digital Free Trade Zone in 2017; Singapore has implemented its own Smart City initiative while Thailand has plans to develop digital capacities in all economic sectors. A report by AT Kearney also shows that, despite lagging behind in the digital economy, Asean has the potential to enter the top five digital economies in the world by 2025. And, implementation of a radical digital agenda could add US$1 trillion to the region’s GDP over the next 10 years.
People living in remote areas can access new sources of information and new opportunities such as tele-medicine and online education. This could result in more inclusive forms of growth, given the high cost of moving goods and services around disadvantaged and isolated communities. Investing in education and upskilling or retraining is one of the indispensable ways to ensure that the impact of new technologies will not lead to greaterOther means to engender inclusive growth are building infrastructure for digital connectivity, promoting the gig economy and supporting dynamic micro, small and medium-sized enterprises.
According to World Bank’s latest report, The Digital Economy In Southeast Asia: Strengthening The Foundations For Future Growth, the number of Internet users in Asean countries tripled, from 127 million in 2011 to 390 million in 2017, but 90% of Asean’s Internet users are from five countries – Indonesia, Malaysia, the Philippines, Thailand and Vietnam.
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