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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
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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.
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