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Opinion / #economy
The World Bank has made a volte-face on industrial policy. Southeast Asian countries will need to consider the new policy, but calibrate it across vastly different national contexts.
Investors and governments are not short of money – they are trapped in a system that rewards transactions over transformation.
Green policy targets environmental outcomes, while industry and trade focus on jobs and growth. When misaligned, green efforts stall and competitiveness weakens.
The Middle East conflict is set to have a double-whammy impact on both Asean’s import of fertilisers, and its energy-intensive fertiliser production. The timing is critical as in the coming months, the five major crops, including rice, are being planted in Asean.
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