{"id":110843,"date":"2025-10-28T21:27:18","date_gmt":"2025-10-28T14:27:18","guid":{"rendered":"https:\/\/www.itd.or.th\/?post_type=itd-data-center&#038;p=110843"},"modified":"2025-10-28T21:27:19","modified_gmt":"2025-10-28T14:27:19","slug":"69_04","status":"publish","type":"itd-data-center","link":"https:\/\/www.itd.or.th\/en\/itd-data-center\/69_04\/","title":{"rendered":"Political Stability and ASEAN Economies"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The concept of <strong>&#8220;political stability&#8221;<\/strong> fundamentally refers to <strong>a condition characterized by a lack of change in the political fundamentals or the absence of uncertainty within the political system.<\/strong> In other words, political stability suggests a low probability of significant political violence or unconstitutional transfers of power, which are inevitably projected to have consequential impacts on the economic activities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To be precise, <strong>political stability is an indispensable prerequisite for long-term economic development. It fosters a stable environment conducive to business operations, investment, and even savings, all of which are critical determinants of a nation\u2019s economic growth.<\/strong> Conversely, subpar economic performance can also serve as a catalyst for political instability. This is clearly exemplified by the past economic crises and hyperinflation in Venezuela, which directly incited massive political protests against the incumbent government.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>For the purpose of analyzing political stability, the World Bank initiate the Worldwide Governance Indicators (WGI). <\/strong>This index is designed to encapsulate the perceptions of governance effectiveness across more than 200 countries globally, evaluated at various intervals since 1996, and assessed across six key dimensions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The specific dimension employed to measure political stability is the <strong>&#8220;Political Stability and Absence of Violence\/Terrorism (PV)&#8221;<\/strong> <strong>index. This indicator is specifically formulated to quantify the perceived likelihood of political instability, politically motivated violence, or terrorism. The index values range from -2.5 (least stable) to 2.5 (most stable).<\/strong><strong><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These index figures do not solely reflect political factors alone, but also serve as a direct indicator of the perceived risks to business operations, asset security, and supply chain continuity. These elements are the fundamental bedrock for sustained long-term economic growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The countries within the Southeast Asia region exhibit significant disparities in the Political Stability index, ranging from nations with high political stability comparable to the world&#8217;s leading economies to developing countries facing considerable political volatility. <strong>Based on the data from 2023, the group of countries with high political stability includes Singapore (1.42) and Brunei (1.37). This high level of stability creates a distinct competitive advantage in attracting consistent and long-term Foreign Direct Investment (FDI).<\/strong><strong><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Meanwhile, countries demonstrating moderate stability include<\/strong> <strong>Laos (0.81), Malaysia (0.17), Cambodia (0.04) and Vietnam (-0.04)<\/strong>. <strong>Those experiencing volatility comprise<\/strong> <strong>Thailand (-0.28), Indonesia (-0.40) and the Philippines (-0.57)<\/strong>. <strong>While<\/strong> <strong>Myanmar (-2.13)<\/strong> <strong>notably, registers a critically low index value, reflecting the profound political crisis<\/strong> it was confronting during that period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The substantial divergence in the political stability indices across the Southeast Asia nations underscores the inherent limitations in fostering robust economic cooperation and establishing a unified regional trade policy.<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\">Author:<br>Mr. Atit Saerepaiboonsub<br>Senior Researcher<br>International Institute for Trade and Development (ITD)<br>www.itd.or.th<br>Publication: Bangkok BIZ Newspaper<br>Section: First Section\/World Beat<br>Volume: 39 Issue: 13016<br>Date: Wednesday, Oct. 22, 2025<br>Page: 8 (bottom-left)<br>Column: \u201cAsean Insight\u201d<\/p>\n","protected":false},"author":501,"featured_media":110844,"template":"","categories":[35,29],"tags":[352,1335,1337],"class_list":["post-110843","itd-data-center","type-itd-data-center","status-publish","has-post-thumbnail","hentry","category-article-en","category-data-center-en","tag-asean-en","tag-political-en","tag-stability-2"],"pp_force_visibility":null,"pp_subpost_visibility":null,"pp_inherited_force_visibility":null,"pp_inherited_subpost_visibility":null,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Political Stability and ASEAN Economies - ITD - International Institute for Trade and Development<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.itd.or.th\/en\/itd-data-center\/69_04\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Political Stability and ASEAN Economies - ITD - International Institute for Trade and Development\" \/>\n<meta property=\"og:description\" content=\"The concept of &#8220;political stability&#8221; fundamentally refers to a condition characterized by a lack of change in the political fundamentals or the absence of uncertainty within the political system. 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