State of the Region

Register

ANNEX A: SURVEY RESULTS


This annex presents the findings of a survey of the Asia-Pacific policy community conducted by the Pacific Economic Cooperation Council from 23 March to 28 April 2023.  The survey was disseminated through: PECC member committees; the APEC Business Advisory Council, the APEC Policy Support Unit; Communications and Public Affairs Unit, the Asia-Pacific Research and Training Network on Trade (ARTNeT); the Institute for International Trade, and the Asia-Pacific Finance Forum.

This is not a survey of public opinion but rather, a survey of those whose views influence policymaking, especially at the regional level as some of the questions require a knowledge of ongoing regional initiatives. However, we believe that those surveyed include those who are responsible for influencing and often making decisions on various aspects of their economy’s positions within different regional groups.

The guidance for identifying panelists is as follows:

Government

Panelists should be either decision-makers or senior advisors to decision-makers. As a guide, the government respondents in previous years included a number of former and current Ministers, Deputy and Vice-Ministers, Central Bank Governors and their advisors for Asia- Pacific issues, current APEC Senior Officials, and a number of former APEC Senior Officials.

Business

Panelists should be from companies who have operations in a number of Asia-Pacific economies or conduct business with a number of partners from the region. This might include each economy’s current ABAC members as well as past ABAC members. In last year’s survey, these included CEOs, vice presidents for Asia-Pacific operations, and directors of chambers of commerce.

Non-government: Research Community/Civil Society/Media

Panelists should be well-versed in Asia-Pacific affairs, being the type of people governments, businesses, and the media would tap into to provide input on issues related to Asia-Pacific cooperation. These included presidents of institutes concerned with Asia-Pacific issues, heads of departments, professors, and correspondents covering international affairs. 

 

 

 

 

 

 

1. What are your expectations for economic growth over the next 12 months compared to the
last year for the following economies/regions? Please select/tick the appropriate box.

 

 

 

 

 

 

 

 

 

 

Weaker

About the same

Stronger

Don’t know

Total

 

 

Own Economy

33.0%

34.5%

31.2%

1.4%

100.0%

 

 

World Economy

47.3%

37.0%

14.4%

1.4%

100.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2. Please select the top five risks to growth for your economy over the next 2-3 years. Please
select ONLY five (5) risks, using a scale of 1-5. Please write 1 for the most serious risk, 2 for
the next most serious risk, 3 for the next third highest risk,4 for the fourth highest risk and 5
for the least serious risk.

 

 

 

 

 

 

 

 

 

 

5 - least serious

4

3

2

1 - most serious

Total

 

Food security

4.1%

5.0%

5.0%

3.7%

3.4%

21.1%

 

Energy security

3.8%

5.2%

7.2%

6.2%

3.0%

25.5%

 

Climate change

10.2%

8.2%

7.4%

7.1%

9.8%

42.6%

 

Health pandemic

5.7%

3.4%

2.8%

2.1%

2.4%

16.4%

 

Erosion of the social contract

5.1%

3.7%

3.7%

5.1%

5.1%

22.6%

 

Sharp fall in asset prices

2.5%

3.0%

2.5%

1.4%

1.6%

11.0%

 

Cyber attacks

4.4%

3.0%

3.3%

2.8%

1.7%

15.1%

 

Shortage of available talent/skills

7.1%

6.1%

5.9%

4.4%

4.7%

28.1%

 

Ukraine Conflict

6.9%

4.0%

5.8%

6.2%

6.9%

29.8%

 

Rising global interest rates

4.0%

5.7%

5.8%

7.6%

6.5%

29.6%

 

Failure to implement structural reforms

5.5%

5.8%

4.2%

5.2%

7.4%

28.1%

 

Increasingly restrictive digital environment

3.1%

2.8%

1.1%

2.7%

0.6%

10.3%

 

Increased protectionism and trade wars

5.5%

7.2%

6.4%

9.2%

7.4%

35.6%

 

Economic sanctions

2.5%

2.4%

3.7%

2.5%

0.8%

12.0%

 

Geo-economic fragmentation

4.8%

9.2%

7.2%

6.8%

10.9%

38.9%

 

Unfavorable currency realignments

1.6%

3.4%

1.7%

1.4%

0.6%

8.6%

 

Unsustainable debt

3.4%

4.5%

3.8%

3.0%

2.7%

17.4%

 

Slowdown in world trade growth

8.6%

7.5%

8.1%

7.6%

7.9%

39.7%

 

Rising cost of living

7.6%

6.9%

11.2%

11.0%

14.7%

51.5%

 

Wage-Price Spiral

3.5%

3.1%

3.3%

3.8%

2.1%

15.8%

 

3. How inclusive do you think the recovery from the Covid-19 pandemic has been thus far?
Please select one.

 

 

 

 

 

 

 

 

% of
respondents

 

 

 

 

 

Not all at all

12.3%

 

 

 

 

 

Moderately

75.6%

 

 

 

 

 

Extremely

7.5%

 

 

 

 

 

Don't know

4.5%

 

 

 

 

 

Total

100.0%

 

 

 

 

 

 

 

 

 

 

 

 

4. Which sectors do you think have lagged behind (if at all) during the recovery? Please select
as many as you think are applicable.

 

 

 

 

 

 

 

 

% of
respondents

 

 

 

 

 

Women

31.0%

 

 

 

 

 

Ethnic minorities

35.8%

 

 

 

 

 

Youth

38.0%

 

 

 

 

 

Elderly

40.7%

 

 

 

 

 

Micro and Small and medium enterprises

58.7%

 

 

 

 

 

Unionized Labor

6.1%

 

 

 

 

 

Non Unionized Labor

16.8%

 

 

 

 

 

The informal sector

43.6%

 

 

 

 

 

Formal sector

7.5%

 

 

 

 

 

Agriculture

20.6%

 

 

 

 

 

Manufacturing

21.4%

 

 

 

 

 

Services

26.1%

 

 

 

 

 

                         

 

5. Please share your view on the impact you think the following has on inequality in your
economy.

 

 

 

 

 

 

 

 

No or little impact

Moderate impact

Major impact

Don't know

Total

 

Trade with other economies

24.0%

47.3%

25.3%

3.3%

100.0%

 

Rapid technological change

7.1%

39.2%

52.2%

1.5%

100.0%

 

Lack of social safety nets

16.2%

38.4%

43.0%

2.3%

100.0%

 

Education system doesn’t help prepare people for real jobs

10.9%

33.8%

52.5%

2.7%

100.0%

 

Over-regulation of businesses

23.5%

43.9%

27.0%

5.6%

100.0%

 

Under regulation of the businesses

35.9%

43.7%

12.9%

7.5%

100.0%

 

Discrimination against specific groups on the grounds of gender, ethnicity etc

35.2%

36.4%

21.7%

6.7%

100.0%

 

 

6. What do you think governments should do to make growth more inclusive moving forward?

 

 

 

 

 

 

 

 

Not important

Neither important nor unimportant

Important

Don’t know

Total

 

Promote equal access to new opportunities and employment through structural reforms

3.0%

11.8%

81.8%

3.3%

100.0%

 

Strengthen active labor market policies

4.3%

24.0%

67.6%

4.0%

100.0%

 

Deepen trade and investment especially for MSMEs

3.4%

17.8%

74.3%

4.5%

100.0%

 

Invest in infrastructure for remote and rural areas

4.9%

19.8%

73.0%

2.3%

100.0%

 

Promote broader, easier and more secure access to credit

7.5%

28.6%

59.1%

4.8%

100.0%

 

Improve access to education, training and childcare opportunities

1.5%

9.8%

87.1%

1.5%

100.0%

 

Strengthen human resource development policies for the digital age targeting workers displaced by structural changes

3.0%

15.4%

78.7%

2.9%

100.0%

 

Enable better access to digital platforms and quality social services

3.1%

22.4%

72.4%

2.1%

100.0%

 

Strengthen social safety nets including by promoting floors in line with global best practices

5.2%

23.9%

66.7%

4.3%

100.0%

 

 

7. What kind of impact do you generally think more open trade and investment has had on your economy?

 

 

 

 

 

 

 

 

Negative

Neutral

Positive

Don't know

Total

 

Percent of Respondents

3.3%

13.2%

82.3%

1.2%

100.0%

 

 

8. To what extent do you think the following have had the opportunity to or are regularly
consulted in the formulation of your government’s trade policy

 

 

 

 

 

 

 

 

Not at all

Somewhat

Just right

 

 

 

Business

4.3%

39.1%

54.7%

 

 

 

Organized labor

17.9%

50.8%

25.1%

 

 

 

MSMEs

19.4%

51.7%

20.8%

 

 

 

Legislators

6.3%

36.3%

51.0%

 

 

 

Local governments

20.0%

45.6%

25.4%

 

 

 

Academics and research institutions

14.7%

53.7%

26.9%

 

 

 

Civil society and others

22.4%

52.3%

19.0%

 

 

 

The general public

34.7%

46.9%

12.5%

 

 

 

 

9. To the best of your knowledge, what mechanisms are used in your economy to gain
stakeholder views on trade policy and trade agreements.

 

 

 

 

 

 

 

 

Never

Sometimes

Frequently

Don’t know

Total

 

Consultations with trusted advisors

3.1%

36.4%

55.1%

5.4%

100.0%

 

Workshops and seminars

6.3%

54.0%

35.0%

4.6%

100.0%

 

Open forums between negotiators and stakeholders during negotiating rounds

13.7%

52.6%

24.8%

8.8%

100.0%

 

Through chambers of commerce

3.7%

43.9%

47.2%

5.2%

100.0%

 

Public submissions

16.9%

49.6%

23.8%

9.7%

100.0%

 

Information campaigns – press releases after negotiating rounds

14.0%

50.7%

27.1%

8.1%

100.0%

 

 

10.  What do you think should be the top 5 priorities for APEC Leaders to address at their
upcoming meeting in November?  Please select ONLY five (5) issues, using a scale of 1-5, please
write 1 for the issue you think is most important, 2 for the next most important issue, 3 for the
third most important, 4 for the fourth most important and 5 for the fifth most important.

 

 

 

 

 

 

 

 

1st Most Important

2nd Most Important

3rd Most Important

4th Most Important

5th Most Important

Total

Improving the delivery of logistics services in the region

1.4%

2.6%

3.2%

3.3%

2.9%

13.3%

Work on the Free Trade Area of the Asia Pacific (FTAAP) Agenda

7.0%

6.2%

4.4%

4.0%

6.7%

28.3%

Strengthening Supply Chain Resilience

8.4%

10.0%

8.9%

8.2%

6.0%

41.6%

Support for the multilateral trading system and the WTO

8.1%

7.1%

6.5%

6.3%

5.8%

33.8%

Ameliorating geopolitical and trade conflicts in the region

13.3%

5.5%

7.6%

5.5%

6.7%

38.6%

Addressing Inclusion in Trade

3.3%

3.3%

4.4%

4.8%

4.9%

20.7%

Women’s economic participation in the economy

2.6%

3.3%

3.0%

5.4%

4.5%

18.8%

Inflation

7.3%

4.9%

4.8%

4.8%

5.2%

27.1%

Expanding Economic Potential and Opportunity Through Investments in Infrastructure and Workers

5.8%

5.8%

7.1%

5.8%

6.5%

30.9%

Structural reforms, good regulatory practices, standards alignment, and anti-corruption efforts

8.2%

8.5%

8.2%

7.4%

7.3%

39.7%

Reducing the digital divide

2.6%

3.0%

3.8%

4.0%

4.1%

17.6%

Capacity building to reduce plastic waste and improve monitoring.

1.8%

3.0%

3.0%

4.4%

3.6%

15.8%

Addressing illegal timber and fishing trade.

1.0%

2.9%

2.5%

1.5%

1.6%

9.5%

Promoting Food Security

3.4%

5.4%

3.0%

4.3%

4.5%

20.6%

Updating the region’s ambitions on climate and clean energy

7.8%

6.6%

8.0%

7.0%

5.5%

34.9%

Measures to reduce barriers to growth of the digital economy

3.0%

4.3%

5.2%

6.7%

4.3%

23.5%

Promoting cybersecurity

1.9%

4.0%

3.3%

3.4%

4.5%

17.2%

Facilitating the adoption of cloud technology

0.8%

1.2%

1.2%

1.1%

2.3%

6.7%

Expansion of APEC membership

1.0%

1.6%

1.5%

1.4%

1.9%

7.4%

Increasing outreach to existing and new stakeholders

1.1%

1.4%

1.0%

1.2%

1.1%

5.8%

Others (please specify)

1.1%

0.3%

0.3%

0.4%

0.8%

2.9%

 

You can also log in with your social media account by clicking the icons below

 

Pacific Currents

Global value chains: From fruitful discussions to meaningful actions
Juan Navarro, Associate Faculty, Royal Roads University


Climate change in SOTR
Christopher Findlay, Tilak Doshi and Eduardo Pedrosa


Digital Technologies, Services and the Fourth Industrial Revolutions
Submitted by Jane Drake-Brockman, Christopher Findlay, Yose Rizal Damuri and Sherry Stephenson 


COVID-19 has Exposed Major Gaps in our Social Safety Nets: In a Post-COVID World Will these Gaps be Closed?
Hugh Stephens
Vice Chair, CANCPEC; Distinguished Fellow, Asia Pacific Foundation of Canada; Executive Fellow, School of Public Policy at the University of Calgary


 Multilateral Cooperation is a Safeguard against Pandemics
Rebecca Fatima Sta Maria
Executive Director, APEC Secretariat


International cooperation during COVID-19
Sungbae An
Senior Research Fellow, Department of International Macroeconomics and Finance, Korea Institute for International Economic Policy (KIEP)


Drastic measures to stop spread of COVID-19 are necessary
Charles E. Morrison
Adjunct Fellow and Former President of the East-West Center; Former Co-Chair, PECC


ASEAN-China cooperation in time of COVID-19 pandemic
Jusuf Wanandi
Vice Chair, Board of Trustees, CSIS Foundation; Former Co-Chair of PECC