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2020 Economic Outlook for Southeast Asia, China and India 2020

Rethinking Education for the Digital Era

image of Economic Outlook for Southeast Asia, China and India 2020

The Economic Outlook for Southeast Asia, China and India is a bi-annual publication on regional economic growth, development and regional integration in Emerging Asia. It focuses on the economic conditions of Association of Southeast Asian Nations (ASEAN) member countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam. It also addresses relevant economic issues in China and India to fully reflect economic developments in the region.

The Outlook comprises three main parts, each highlighting a particular dimension of recent economic developments in the region. The first part presents the regional economic monitor, depicting the economic outlook and macroeconomic challenges in the region. The second part consists of a special thematic chapter addressing a major issue facing the region. The 2020 edition of the Outlook looks at human capital development, with a special focus on education for the digital era. The digital era is bringing important new developments for businesses and the workforce. As success in the digital era will require a new set of skills, education systems will need to adapt. Emerging Asian countries need to address certain challenges including improving ICT infrastructure, enhancing capacity of teachers, adapting curricula, as well as enhancing the role of TVET and lifelong learning. The third part of the report includes structural country notes offering specific recommendations for each country.

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Executive summary

At a time of global uncertainty over trade, geopolitics and the climate, economic growth in Emerging Asia is forecast to moderate in the near-term. Growth in the region is expected to remain buoyant over the medium term though less impressive than the previous years. The OECD’s Economic Outlook for Southeast Asia, China and India 2020 presents the growth picture for the region over the next five years. This year’s Outlook also focuses on a challenge for Emerging Asia: boosting economic prospects by upgrading education to take advantage of the new opportunities offered by the digital era. In the Country Notes, it discusses structural policy changes needed in the region’s 12 economies across a range of areas.

English

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