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ASEAN vs EU: Who Will Dominate the Global Economy Next?

The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) represent two economic powerhouses with contrasting origins and trajectories. The EU, with a GDP of $19.4 trillion and a population of 447 million, thrives on regulatory integration, innovation, and sustainability, despite challenges such as an aging demographic and modest GDP growth (projected at 0.9% in 2024). Meanwhile, ASEAN, with a GDP of $3.8 trillion and a youthful population of 685 million, is emerging as a global manufacturing hub and digital economy leader, supported by robust growth (4.7% in 2024) and trade initiatives like RCEP. While the EU focuses on green energy and technological leadership, ASEAN leverages its expanding middle class, regional integration, and digital transformation. Both regions face challenges, including geopolitical tensions for the EU and infrastructure gaps and inequality for ASEAN. As global trends like climate change and technological disruption reshape economies, ASEAN’s growth potential could outpace the EU, positioning it as a rising economic star and shifting global influence toward Southeast Asia. Like, comment, and subscribe for more in-depth coverage of global economies and geopolitics. Watch complete video and do not forget to visit our channel for more interesting videos. ------------------------------------------------------------------------------- https://indopacificreport.com/2024/12... --------------------------------------------------------------------------------- 0:00 ASEAN vs. Europe: Who Will Dominate the Global Economy Next? 4:17 Historical Context 6:12 Key Milestones in Their Economic Development: ASEAN 6:59 EU Maastricht Treaty 7:48 Current Economic Status 9:23 Comparative Analysis: Population and Market Size 9:56 Economic Policies and Integration Efforts 10:31 Innovation and Technology Adoption 11:12 Sustainability and Green Economy Initiatives 11:51 Challenges and Opportunities: ASEAN 12:55 EU 14:03 Future Projections -------------------------------------------------------------------------------- Social Media Links: Website: https://indopacificreport.com/ YouTube:    / @indopacific_report   Facebook:   / indopacificreportipr   --------------------------------------------------------------------------------- #indopacificreport #asean #asean2023 #aseansinglecurrency #aseancurrency #southeastasia #philippines #indonesia #singapore #malaysia #thailand #vietnam #laos #euro #lmu #imf #worldbank global economy,asean economy,economy,southeast asia economy,largest economy in southeast asia,philippines economy,indonesia economy explained,philippines economy vs vietnam,asean economy ranking,europe,asean economy 2030,india the next economic superpower,philippines economy 2050,indonesia the next economic superpower,singapore economy,who will be the next superpower nation,philippines economy documentary,indonesia economy 2030,world economy Disclaimer: The content in this video reflects the author(s)' thoughts and does not represent the official viewpoint of The Pacific Report; viewers are recommended to conduct their own research and seek expert advice before relying on the information provided.