Determinants of Chinese Overseas FDI in ASEAN Countries

Jie, Zheng; Ismail, Mohd Nazari

doi:10.1007/978-981-13-8043-3_4

Cited by 1 publication

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“…The projected energy demand is more likely to require parallel investments in fossil-fuel power generation infrastructure, thus prolonging ASEAN countries' dependence on natural gas and/or coal, and undermining their low-carbon development goals, let alone any net-zero aspiration. Current projections (Zheng 2022) already foresee growth in ASEAN coal-fired power generation as well as in CO 2e power sector emissions until 2030. Reliance on hydrocarbons is expected to ease post 2030 when more renewable energy projects would have matured, while GHG emissions will also even out, reflecting an expected retirement of coal capacity (some 20GW in total, including 40% from Malaysia) and an increase in gas capacity (by some 54 GW) aimed to stabilize power output.…”

Section: 3mentioning

confidence: 99%

Transforming ASEAN: Strategies for Achieving Inclusive and Sustainable Growth

2024

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he year 2023 has again been a momentous year for Indonesia. Indonesia reaffirmed its significance in the global community this year by assuming the Association of Southeast Asian Nations (ASEAN) Chair, after its successful Presidency of the Group of Twenty (G20) in 2022. Highlighting the region as an "epicenter of growth," Indonesia supported work to promote sustainable growth and development in the region while securing food security, managing energy transition, and strengthening cross-border connectivity and regional cooperation.These priorities are particularly critical as ASEAN continues to face many challenges 3 years after the global pandemic. Following the region's 5.6% growth in 2022, growth is now expected to slow to 4.6% this year and 4.8% next year. This is slightly below ASEAN's long-term average growth, with the region facing many global headwinds, as described by Adam Tooze as a "polycrisis." Inflation has jumped due to supply chain disruptions resulting from the pandemic and policy responses to the pandemic, as well as higher food and fuel prices resulting from the Russian invasion of Ukraine. Geopolitical tensions have risen, financial volatility has increased-and climate change looms ever larger.To surmount the "polycrisis," the global community will need to adopt well-calibrated and wellharmonized policies. Under Indonesia's 2022 chairmanship, the G20 Summit in Bali made several commitments toward this end: staying agile and flexible in macroeconomic policy, protecting macroeconomic and financial stability, promoting food and energy security, unlocking further investments to help developing countries achieve the Sustainable Development Goals (SDGs), and recommitting to accelerate the achievement of the SDGs.Thus, this book is extremely useful as it examines some of these critical themes, focusing on ASEAN's low-carbon transition, the food security agenda, and the role of the G20 and ASEAN to in supporting ASEAN in the global economy. This publication is practical as it distills both regional and countrylevel knowledge and experience, facilitates the sharing of lessons and best practices, and helps policy makers design better policies, solutions, and recommendations for the region.Going forward, medium-term risks and uncertainties remain but the prospects are also encouraging. It is my hope that this book will help policy makers prepare effective strategies to build on recent economic gains, transform the growth prospects, and help build a more inclusive and sustainable growth path for ASEAN. As we actively engage with stakeholders across Indonesia to identify areas where knowledge and partnerships can foster progress, this publication will also inform the Asian Development Bank's operations and strategy in Indonesia.I thank the Asian Development Bank Institute and all stakeholders and contributors who helped make this publication possible.

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Section: 3mentioning

confidence: 99%

Transforming ASEAN: Strategies for Achieving Inclusive and Sustainable Growth

2024

View full text Add to dashboard Cite

show abstract

Determinants of Chinese Overseas FDI in ASEAN Countries

Cited by 1 publication

References 32 publications

Transforming ASEAN: Strategies for Achieving Inclusive and Sustainable Growth

Transforming ASEAN: Strategies for Achieving Inclusive and Sustainable Growth

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