Economic Forum: ASEAN Priorities In The Age Of 4th Industrial Revolution

12 September 2018

The regional Leaders discussed the wave of high-tech change that will transform the ASEAN’s future at the 2018 World Economic Forum on ASEAN held in Vietnam on Wednesday.

State Counsellor Daw Aung San Suu Kyi also addressed at the forum together with other leaders which outlined the key concerns and choices in an era of technological disruption.

The State Counsellor said that Myanmar has been leapfrogging into the fourth industrial revolution since the country was left behind in technology over the past few decades.

State Counsellor, Republic of the Union of Myanmar, H.E. Aung San Suu Kyi said “Myanmar is one of the countries that have been practically bypassed by the third industrial revolution. And we have been forced to plunge straight into the fourth one. The activity that is usually associated with the late comer like us is leapfrogging.”

She also highlighted that the country will be able to progress very quickly not to e-commerce but to social commerce. She pointed out that many people are using cell phones and have accessed to internet, and thus the country is not left behind in the fourth revolution.

State Counsellor, Republic of the Union of Myanmar, H.E. Aung San Suu Kyi said   “It is practical need as well as confidence in our people and our human resources. Because we believe that the competition is healthy. We are not afraid of competition. If we are going to be afraid of competition, we will not be able to catch up with all those countries which has less fortunate than us and which are well ahead of us in the fourth industrial revolution journey. We believe that our people are capable of coping with the challenges.”

Vietnam is hosting the World Economic Forum from 11th to 13th September. The ASEAN priorities in the age of the fourth industrial revolution are focused at the forum since the technological change is delivering exciting solutions to persistent problems.