ECONOMY | ASEAN braces for risks of ‘deglobalization’
Delegates from ASEAN member states pose for a “family photo” on Aug. 25, 2023, during the second ASEAN Finance Ministers’ and Central Bank Governors’ Meeting in Jakarta.(-/Finance Ministry)
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ASEAN member states have vowed to increase trade among themselves while attracting more infrastructure and green financing to protect the region from a global economic slowdown and rising geopolitical risks.
At the opening session of the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) on Friday, Finance Minister Sri Mulyani Indrawati said geopolitical tension was causing uncertainty and could worsen, pointing out that all ASEAN member states felt the tension between the United States and China.
Memento Maxima Digital Marketing“This could cause the world to become even more fragmented. The issue or term ‘deglobalization’ is, in fact, becoming ever more frequently mentioned by policymakers and economists,” she added.
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Aditya Hadi
The Jakarta Post
PREMIUM Jakarta
● Sun, August 27, 2023
