Facilitation of Investment for ASEAN Participation in Global Value Chains (GVCs)



About the Seminar

Over the last two decades, several ASEAN countries have been increasingly integrated into global production networks based on their comparative advantages. The integration into GVCs and establishment of regional production networks has contributed to economic prosperity in the subregion. How relevant is this model for the future, considering the aspirations of ASEAN Vision 2040 and achievement of the sustainable development goals for ASEAN Member States (AMS)? This talk will address the question by considering the impact of several ongoing developments for AMS, such as: (1) trajectory of traditional GVC growth; (2) technological drivers of changes in division of labour for value chains; and (3) role of policy uncertainty in short and long run. The role of facilitation of investment will be zoomed in, with a special focus on the service sector in strengthening production hubs within seemingly more predictable mega-regional trade and partnership agreements, such as CPTPP, RCEP and others. In this context, attention is drawn to facilitation of investment into strengthening intra-SME trade within the production hubs, as well as to the sustainability principles of investment for the accelerated progress towards sustainable development goals. ASEAN centrality and its role in global trade and investment governance plays an important role in ensuring a smooth and just transition of AMS into their next phase of sustainable development.

About the Speaker

Dr. Mia Mikic is Director of the Trade, Investment and Innovation Division in United Nations ESCAP. Her work focuses on the impacts of preferential and multilateral trade liberalisation, services trade liberalisation, non-tariff protection, Aid for Trade, and evidence-based policymaking in trade, investment and innovation. She oversees preparation of Asia-Pacific Trade and Investment Report, a flagship publication of ESCAP in trade and investment area. Dr. Mikic also coordinates the Asia-Pacific Research and Training Network (ARTNeT) covering all key means of implementation of the Sustainable development Goals. Previously, Dr. Mikic was Professor of International Economics at the University of Zagreb, and Senior Lecturer at the University of Auckland. She is the author of International Trade (Macmillan, 1998), co-author of Trade Statistics in Policymaking (United Nations, 2009), and various journal and technical papers. Her most recent co-edited volume with Bruno Jetin is ASEAN Economic Community: A model for Asia-wide regional integration? (Palgrave, 2016). Dr. Mikic earned her master’s degree in International Business from the St. Mary’s College of California and a doctorate in Economics from the University of Zagreb.


For registration, please click here. Registration closes on 26 November 2019.


Nov 27 2019


10:30 am - 12:00 pm


ISEAS Seminar Room 2