There is also a growing trend of
investments in Asia originating from
other Asian countries, possibly facilitated
63
by trade liberalization policies. Since
49
58
2015, member-States of the Association
of Southeast Asian Nations (ASEAN)
have begun to open up their economies
48
33
28
to other ASEAN countries with freer
flows of goods, services, labor, capital,
2015
2016
2017
and investments, as was envisaged in
Asia
Philippines
the ASEAN Economic Integration. The
Figure 1. Environmental Defenders Slain
ASEAN Economic Community Blueprint
from 2015 to 2017
(Global Witness, 2016-18)
also specifies the region’s aim to amplify
intra- and extra-ASEAN trade of food,
agriculture, and forestry products under a Single Market and Production Base
(ASEAN Economic Community Blueprint, 2008; Ravanera and Quitangon, 2013).
In 2017, around one-third of the global FDI poured into Asia. The most
recent report of the United Nations Conference on Trade and Development
(UNCTAD) revealed that with over 475 billion USD worth of FDI inflows, Asia
received the most FDI in 2017. Investments in the wider Asian region are
expected to remain high in 2018 (UNCTAD, 2018).
The UNCTAD report also revealed that a quarter of the total investments
in Southeast Asia were from other ASEAN countries. In a separate report by the
Asian Development Bank (ADB), it was documented that the intraregional trade
share of Asia rose from an average of 55.9 percent from 2010 to 2015, to a recordhigh of 57.3 percent in 2016 (ADB, 2017).
Increasing conflicts and violence
While investments are generally regarded to have positive effects on a
country’s economic growth, some business ventures may have undesirable
effects on rural communities and natural resources. These investments are often
in low- and middle-income countries, where resources are controlled by local
elites, dated or conflicting land policies are in place, agrarian reforms are either
faultily implemented or not instituted, and where land governance is weak.
This environment has resulted in the increasing frequency and intensity of land
ANGOC and KPA
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