ASEAN 2020: A year in review of Covid-19 pademic
The paper analyzes the status quo of the Covid-19 pandemic in the region in 2020. Next, the paper analyzes the effects of the Covid-19 pandemic, with different dimensions, on ASEAN in 2020. Therein, the paper emphasizes that ASEAN like the whole world, is heavily affected by the Covid-19 pandemic, t...
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| Format: | Article |
| Language: | English |
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HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE
2021-09-01
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| Series: | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Khoa học Xã hội |
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| Online Access: | https://journalofscience.ou.edu.vn/index.php/soci-vi/article/view/1779 |
| Summary: | The paper analyzes the status quo of the Covid-19 pandemic in the region in 2020. Next, the paper analyzes the effects of the Covid-19 pandemic, with different dimensions, on ASEAN in 2020. Therein, the paper emphasizes that ASEAN like the whole world, is heavily affected by the Covid-19 pandemic, the economic growth of countries has declined strongly, tourism has been the worst affected, the unemployment rate increased due to by Covid-19 pandemic. The development plans of ASEAN countries as well as ASEAN commitments are reversed, investment, trade and supply chain activities are strongly affected. Meanwhile, the capacity of many countries in the region is still weak to cope with the unpredictable development of Covid-19 pandemic. The resilience of the ASEAN countries’ socio-economy is decreasing. However, the region also has the opportunity in order to enhance its development. ASEAN can participate more deeply in the global value chain and accelerate the process of digitization of the economy. It is important that countries continue to support each other, this will allow ASEAN to take advantage of this opportunity. Finally, the paper confirms that, ASEAN both faces major challenges due to the impact of the Covid-19 pandemic, and also welcomes new development opportunities in 2020. |
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| ISSN: | 2734-9349 2734-9616 |