The Ingenieur Vol. 65 Water Power | Page 33

economic community, cultivating its collective identity and strength to engage with the world, responding to new developments, and seizing new opportunities. The new Blueprint will not only ensure that the 10 ASEAN Member States are economically integrated, but are also sustainably and gainfully integrated in the global economy, thus contributing to the goal of shared prosperity. The AEC 2025 is envisioned to: (i) Create a deeply integrated and highly cohesive ASEAN economy that would support sustained high economic growth and resilience even in the face of global economic shocks and volatilities; (ii) Engender a more equitable and inclusive economic growth in ASEAN that narrows the development gap, eliminates, if not significantly reduces poverty, sustains high growth rates of per capita income, and maintains a rising middle class; (iii) Foster robust productivity growth through innovation, technology and human resource development, and intensified regional research and development that is designed for commercial application to increase ASEAN’s competitive edge in moving the region up global value chains (GVCs) into higher technology and knowledge-intensive manufacturing and services industries; (iv) Promote the principles of good governance, transparency, and responsive regulatory regimes through active engagement with the private sector, community-based organisations, and other stakeholders of ASEAN; (v) W i d en A SE AN p e o p le - to - p e o p le, in s t i tu t io n al, and infr a s t r u c ture connectivity through ASEAN and subregional cooperation projects that facilitate movement of capital as well as skilled labour and talents; (vi) Create a more dynamic and resilient ASEAN, capable of responding and adjusting to emerging challenges through robust national and regional mechanisms that address food and energy security issues, natural disasters, economic shocks, and other emerging trade-related issues as well as global mega trends; (vii) Incorporate a sustainable growth agenda that promotes a science-based use of, and support for, green technology and energy; (viii) Promote the use of the ASEAN Protocol on 31