increased inequality Inequality in ASEAN has increased over time, reaching higher levels compared to less wealthy countries in Asia. (UNDP - ASEAN, 2015)
900 million + On the “control of corruption” governance indicator, ALL ASEAN COUNTRIES SCORE
below 50 The ASEAN economic community is the 7th largest economy with a combined GROSS DOMESTIC PRODUCT of US$2.6 TRILLION in 2014 (World Economic Forum, 2017) which is expected to grow at an average 5.1% by 2021. (OECD, 2017) With over 622 MILLION PEOPLE, ASEAN's potential market is larger than the European Union’s or North America’s. (World Economic Forum, 2017) With the establishment of the ASEAN Economic Community, an estimated US$8 TRILLION is needed to fund infrastructure by 2020.
(with 100 being the optimal) except Brunei, Singapore and Malaysia. (World Bank, 2016)
people in Asia Pacific have paid a bribe in the last year when accessing basic services such as healthcare and education. Unequal access to services shows that inclusiveness is a challenge.
fair and competitive business environment well-functioning infrastructure and interconnectivity
(Transparency International, 2017; UNDP, 2016)
equitable economic and social opportunities low productivity and vulnerable jobs
poor infrastructure development
essential services for all
productive jobs
Uneven access to productive employment is the most critical cause of inequality. (UNDP - ASEAN, 2015)
Globally, up to 25% of public procurement spending is drained through corruption. (OECD, 2013)
asean companies integrated into global clean supply chains
(ADBI, 2010)
lack of enforcement Survey data reveals that over 80% of US executives in ASEAN think there is a lack of effective and fair enforcement of anti-corruption laws, which deters investment in the region. (ASEAN Business Outlook Survey, 2017)
The ASEAN Economic Community is a major milestone in regional economic integration.
foreign direct investment bottlenecks poor disaster management 300,000 people are estimated to have died between 1990 and 2013 in ASEAN, one of the regions most prone to natural disasters. Corruption can affect resilience to calamities, health and climatic shocks. (UNDP - ASEAN, 2015)
Companies operating in ASEAN often report pressure to bribe public officials to speed up routine government services, creating disincentives for new investments. (ASEAN Business Outlook Survey, 2017)