ASEAN highlighted in Global Trade Growth Atlas 2022
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ASEAN highlighted in Global Trade Growth Atlas 2022
13 Sept 09:43Key points summarised by AI
The Global Trade Growth Atlas 2022 forecasts ASEAN to lead the world in export growth over the next five years, putting the region in the global spotlight.
Emerging economies, especially in Southeast and South Asia (including the Philippines, Malaysia, India, Vietnam, and Thailand), are projected to generate 45% of global trade growth between 2021 and 2026, demonstrating remarkable speed and scale.
The report emphasizes trade's critical role in combating inflation and supply disruptions, acting as a driving force to accelerate growth, lower prices, and diversify key input sources globally.
Trade volume, speed, and footprints have expanded, with emerging economies increasingly excelling in sophisticated goods and showcasing greater innovation and digital connectivity.
Thailand's Education Ministry is implementing a four-pronged strategy to address its students' below-average performance in PISA 2025 and tackle significant educational inequality.
The plan prioritizes closing performance gaps by increasing funding for small and low-income schools, overhauling the curriculum to foster critical thinking, and adopting a data-driven management system to reduce teacher workload.
Key initiatives include enhancing school safety, combating cyberbullying, and expanding mental health support through peer-to-peer networks, recognizing the severe impact of distress on academic performance.
An education expert advises verifying if PISA improvements stem from structural changes, advocating for a revived STEM curriculum with practical 'learn by doing' methods, and urging bureaucratic reform to link teacher evaluations to student development.