ASEAN: WEF Predicts $2 Trillion Digital Economy
ASEAN nations are busy carving their own mark globally by achieving new milestones with each passing day. A new report by the World Economic Forum outlines ASEAN’s potential to become a $2 trillion-worth digital economy, as frameworks to bolster smooth digital data are underway within the ASEAN regional realm. Also Read: ASEAN: 5 Nations at Risk as US Dollar Weakens ASEAN Headed To Become A $2 Trillion Digital Economy In its recent report , WEF shared how ASEAN nations and their collaborative efforts to harmonize data protection regulations can ensure a smooth outflow of data. When implemented in the realm of trading and commercialization, these frameworks can usher in new opportunities for the nations, helping them secure renewed foreign investment and attention. Building Strong Digital Ties The report suggests ways to secure a robust digital economic structure and ways for ASEAN to build strong digital ties with other nations. WEF outlined the critical ways through which ASEAN can ac...