Weak labour productivity a threat to ASEAN’s potential
The Association of Southeast Asian Nations (ASEAN) as a collective of 10 economies has made immense strides over the past 51 years. A significant milestone for the bloc was the establishment of the ASEAN Economic Community (AEC) in 2015 which aims to achieve a vision for a dynamic and competitive market encompassing all 10 states.At the crux of such an ambition is the huge potential of a demographically young region of over 630 million people – with 60 percent below the age of 30.