The expansion of the Association of Southeast Asian Nations (ASEAN) economic capacity appears to be driven by digital factors. Current research analyses the digitalization processes in ASEAN, determines the digitalization strategy for the integration block, provides with the relevant dynamics of digitalization level indicators. The analysis of digital indicators revealed the rapidly growing level of dissemination of information and communication technologies and the dynamic development of the digital economy as a whole. Despite ASEAN's digital potential, a number of problematic issues remained, such as government regulation, protection against digital fraud, and protection of intellectual property rights. A successful initiative for the digitalization development in the Asian Pacific region could be the development of an appropriate legal framework, the development of transport infrastructure, the public-private partnership tools usage and budgetary incentives. For ASEAN member countries leadership in the digital race it seems advisable to organize training sessions, create jobs in digital industries, develop social impact bonds (SIB) projects, and create a global digital ecosystem.
Amid the unstable world environment the economic “weight” transfer to Asia highlights dynamically growing role of the Asian Pacific region (APR) where a specific place is put on the Association of Southeast Asian Nations (ASEAN). The present research is devoted to processes of ASEAN member-countries regional integration development. In the current work dynamics of socio-economic indicators, volumes of the foreign direct investments (FDI) and intraregional trade are characterized. The conducted research concludes that regional development processes in ASEAN are flourishing: the ASEAN competitiveness is to a high standard, the Association is attractive from a position of foreign investment. The analysis of socio-economic indicators dynamics revealed asymmetry of ASEAN member-countries. The gap in macroeconomic indicators in comparison with the other partners of Association is observed in CMLV countries (Cambodia, Myanmar, Laos, Vietnam). However, such a disproportion, on the one hand, might prevent from formation of effective production networks, and, on the other, guarantee the lagging countries relative economic stability.
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