Last week in the future for the development
of ASEAN tried to think what is needed.
The East Asian countries, has focused on
attracting foreign companies in order to develop import substitution
industries, and at the same time to promote the accumulation of export-oriented
industries, As a result, building a network of international production and
distribution of the finest in the world, today, has become a source of high
international competitiveness ASEAN.
When I think of the ASEAN in the future, it
will be important to further activate this international production and
distribution networks. To do so, there are many remaining challenges, such as
the service of reducing further restructuring and cost efficient link of an
import substitution industries are protected by trade protection. As Japan, it
is desirable to encourage the self-help efforts of countries with, we are
committed to actively design for the future of economic integration that take
advantage of the characteristics of the East Asian economy
. Go on to achieve economic growth in developing
countries, foreign direct investment plays a very important role. There are
many Factors that determine the inflow of foreign direct investment, but, the
results of the empirical analysis, it was found that the impact of domestic
governance especially large. It is also important efforts through the
improvement of educational standards and reduction of corporate tax rate,
improvement of environmental governance is significantly higher than their
effects. In addition, the result of examining the impact of governance
indicators of six, it is particularly important, "the quality of the
system" (Regulatory Quality), whether or not there are no constraints and
institutional anti-market that is has been suggested.
Interview conducted on-site in Japan and
the comparison with the early economic development in Thailand and Malaysia,
Vietnam's growth is expected to be at least as an export base. On the other
hand, the Cambodia-Laos detonator to promote industrialization is not found,
the moment that the mild economic growth is realistic is suggested.
Common challenges in the new Member States
is diverse, inter alia, it should focus on improving education, improving
capacity building, financial and taxation power, four points of financial
stability. In the new Member States, there have been vicious cycle financial
situation is tight in order to force tax collection without education, human
resources who play a major role in the future is neglected, capacity building
does not proceed as a result, it does not improve the government's ability . I
want to emphasize that it is important to switch to this vicious circle
virtuous circle.
Although sluggish economic ASEAN stands out
in comparison with China, ASEAN is an important pillar of East Asia, there is
no change in any way to be an important partner for Japan. Not only within the
region, such as ASEAN currency crisis, while minimizing the risks faced by East
Asia, it is important to realize that the future economic development balanced
with China.
To do so, mind-set of ASEAN countries of
securing international competitiveness and sound macroeconomic management is,
of course, support for Japan with ASEAN and the closely related is
indispensable. Promote open markets with Japan, it is required to strengthen
the intellectual support for countries such as ASEAN, will contribute to
strengthening the competitiveness of the centripetal force recovery and ASEAN.