Mekong Institute (MI) is going to organize Mekong Forum 2017 – which once again brings together development practitioners, senior policy makers, business and civic leaders, and academics who are involved in promoting the development of the GMS. During the one-day event in July, participants will have an opportunity to share their experiences, success stories and discuss innovative ideas on the role of development partners, the changing needs of the GMS countries, and ways to achieve enhanced regional integration and promote more equitable and inclusive growth in the GMS.
Initiated by the Mekong Institute, an inter-governmental organization in the GMS, the Mekong Forum:
- Brings together opinion leaders to discuss the most pressing issues facing the GMS;
- Is known as an annual gathering in Khon Kaen, a city in the northeast of Thailand;
- Is an integrated platform engaging business, academic and other leaders in collaborative efforts to shape the development agenda in the GMS; and
- Is now being used by leaders, international organizations and scholars as a neutral platform to exchange ideas and build networks across the GMS.
Mekong Institute has successfully organized four Mekong Forums in the past. Various topics have been propelled into the spotlight, such as narrowing development gaps between the lesser developed ASEAN countries and other ASEAN states, enhancing regional cooperation and integration, and modernizing the GMS. Last year, the Mekong Forum zoomed in to the role of development partners in the region, discussing their invaluable role and contribution in sharing lessons learned, identifying future priority needs, and suggesting ways to advance effective development cooperation in the GMS for the years to come.
The world is becoming more multipolar. With this transition, great powers compete with each other through economic means, while regional powers play a larger neighborhood role. This sees a struggle for political power between more-developed nations in the world, in what could be termed as the "new geo-economics”. Caught in the middle of superpowers vying for global influence are the Greater Mekong Sub-region (GMS) countries of Cambodia, the People's Republic of China (PRC), Lao PDR, Myanmar, Vietnam, and Thailand. The GMS economy, with a consumer and labor market of above 300 million and a combined GDP expected to exceed $1 trillion by 2020, is on the rise. With so much of the rest of the global economy seemingly volatile and uncertain, the GMS, with its relative stability, diversity, and strategic location, is attracting investors from all over the world.
Yet the region's potential extends beyond mere numbers. With more opportunities for trade and investment coming up, and foreign technical and financial assistance pouring in, the new geo-economics is already painting a picture of regional promise and prosperity. Add to this the increasing connectivity and greater economic integration happening along the Mekong Region and the GMS is set to enter a new era of growth and development.
But while the new geo-economics is expected to further contribute to this prosperity, it also poses some risks and challenges for the region along the way. A more volatile geopolitical environment endangers the region's stability, with the increasing tension between the USA, the established global power, and China, East Asia's rising power. Tensions are also simmering among Asia's three major players, China, Japan and India, where flashpoints are at seas and over natural resources.
While global and regional institutions are expected to manage tensions and contain conflict on trade and investment issues, they are largely absent on security matters in the region. This leaves an unstable balance of power, risking to compromise along with them the GMS' economic growth.
The challenge, then, is to ensure continued economic advancement while undertaking effective political measures to lessen geopolitical volatility, uncertainty, complexity, and ambiguity. In this period of rising global geopolitical tensions, addressing the interaction between geopolitics, energy security and international economic trends, and their political and security implications, is of critical importance to help foster continued regional prosperity.
It is in this reality that Mekong Forum 2017 is grounded. With the theme "New Geo -economics: Reshaping the Future of the GMS?", this year's Mekong Forum aims to enhance a shared understanding of major global transformations and its effect to the GMS, to tackle ways on improving risk management for governments and businesses, and to discuss the increasing importance of regional and international cooperation in the light of the new geo-economics.
MEKONG FORUM 2017
NEW GEO-ECONOMICS: RESHAPING THE FUTURE OF THE GMS?
Pullman Khon Kaen Raja Orchid Hotel
Khon Kaen, Thailand
July 14, 2017
Members of the GMS countries, development practitioners, stakeholders, and executives or senior officials of development organizations, particularly those who are engaged at (GMS/ASEAN) regional level, are highly encouraged to join. The forum also targets to invite governmental/inter-governmental, non-government/civil society, private and non-profit developments organizations, research institutes, and academic institutes as well as support agencies within the region
- Forum proceedings;
- Action-oriented ideas and proposed programs, including development initiatives for further development of the GMS; and
- Networks of participants who are interested and/or knowledgeable in the new geo-economics and its effect in future regional development.