Some of that effect also occurred in Australia in the late-1970s/early-1980s during the so-called “resources boom”. Looking back over the post-war years, particularly during the fixed exchange rate period, the imbalance that often played the decisive role was the current account of the balance of payments.
Second, with ASEAN Economic Community 2025 agenda underway, the region will be increasingly integrated, stable and inclusive. Our regional integration is well-organized, and this will bring ASEAN to play greater roles in the global economy. ASEAN financial integration is now fully equipped with visions, action plans, and performance indicators, ready to be a region with responsibility and become a winning global player.