New Books in Economics

Investing in Southeast Asia: Key insights for Australian Researchers

Dec 13, 2024

Nicholas Moore, Australia’s Special Envoy for Southeast Asia and architect of the national economic strategy, discusses the vital ties between Australia and Southeast Asia. He highlights the region's projected growth and its significance for Australia’s economic future. The conversation emphasizes the need for enhanced language literacy, collaboration among universities, and the opportunities for research in agriculture, governance, and energy transition, all aimed at deepening economic ties and fostering mutual prosperity.

31:45

Episode guests

Nicholas Moore

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Episode notes

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Quick takeaways

Southeast Asia's projected emergence as the world's fourth-largest economy by 2040 necessitates Australia’s strategic economic engagement to ensure mutual prosperity.

Australian universities significantly contribute to regional development through education and research partnerships, fostering essential networks for future collaboration in Southeast Asia.

Deep dives

Strategic Importance of Southeast Asia

Southeast Asia is vital for Australia’s economic and security prospects, serving as a key trading partner and source of investment. With the region projected to become the world's fourth-largest economy by 2040, Australia recognizes the need to maintain strong ties to ensure mutual prosperity. Currently, Southeast Asia is Australia’s second-largest trading partner, emphasizing the importance of both sides in maintaining robust economic relationships. However, Australian foreign direct investment in the region is currently underwhelming compared to global levels, indicating significant room for growth and further engagement.

Intro

2min

Australia's Strategic Ties with Southeast Asia

17min

Enhancing Southeast Asian Literacy in Australia

6min

Strengthening Ties and Promoting Collaboration in Southeast Asia

2min

Opportunities for Australian Universities in Southeast Asia's Development

3min

Southeast Asia is of vital importance to Australia. As a nation, Australia’s prosperity, security and economic future are intimately connected to the region. According to the Australian Department of Foreign Affairs, Southeast Asia is expected to be the fourth largest economy in the world by 2040, with its middle class already numbering close to 200 million people. Recognising the crucial significance of Southeast Asia to Australia, the Federal Government released Invested: Australia’s Southeast Asia Economic Strategy to 2040 in September 2023, which provides a roadmap to deepening our economic engagement and increasing two-way trade and investment with the region. Natali’s guest on SSEAC Stories is Nicholas Moore who Lead the development of this national strategy, and who was appointed as Australia’s Special Envoy for Southeast Asia in November 2022.

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