In 1986, Vietnam instituted economic reforms known as Doi Moi. In 1995, former US President Bill Clinton normalized relations with Vietnam. With US support, Vietnam joined the World Trade Organization.
Some Cambodian scholars have commented that the country’s debt situation is manageable. However, one should take proactive measures to tackle the unpredictable backlash which could potentially derive from debt.
The most important area in which ASEAN can contribute is to bring about the ASEAN Community with cultures and historical backgrounds different from those of the European Union. The new global conditions present Southeast Asia with opportunities and challenges.
Recently, there have been three significant state visits to India by Malaysian PM Najib Razak, Bangladesh PM Sheikh Hasina, and Australian PM Malcolm Turnbull. All three countries are vital players in what the Modi Government has dubbed as India’s “Act East Policy.”
The recent lynching of a university student in Pakistan who had been falsely accused of blasphemy highlights the fact that terrorist and separatist violence are not the sole security threats facing the successful completion of the China-Pakistan Economic Corridor.
The rise of Uber and the challenges it now faces illustrate the pitfall of innovation. While one cannot argue against the sharing economy aspect of Uber, one cannot also ignore the regulatory arbitrage issues raised by the taxi drivers.
In October 2016, Philippine President Rodrigo Duterte visited China and Japan, two of the country’s important economic partners. His trips earned the Philippines millions of dollars’ worth of Chinese and Japanese loans and investments.
Even though Trump’s actions vis-à-vis the TPP sent some shock waves, his engagements with Japanese Prime Minister Abe suggests that neither is walking away from US-Japan security or their bilateral trade relationship. The same can probably be said about NAFTA.
ASEAN celebrates its 50th anniversary this year and Cambodia celebrates its 18th birthday in ASEAN. What are the challenges Cambodia has to confront and what opportunities will this regional group bring to the country?