Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(42)

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia

Truly speaking, as a backbone of the national economy, Indonesian SMEs have undertaken as much as 59% of the GDP and 97% of the business establishments. What will be the ASEAN like in the time of the AEC? It may be too early to predict the ASEAN in the next 10-20 years when the AEC just pulled up its anchor. 

Even short-term outlook is not an easy thing to challenge as emerging markets with high volatility take up most parts of the region. This could explain why skeptical voices concerning the future of the AEC are ceaselessly echoed.