The ASEAN – Republic of Korea (RoK) Commemorative Summit was one of the agendas attended by President Joko Widodo as a diplomatic effort to strengthen multilateral cooperation between ASEAN and the Republic of Korea. In the event attended by South Korean President Moon Jae-in and Asean leaders at APEC Nurimaru House, President Joko Widodo was given the honor of being the keynote speaker at the opening of the event. In his speech, Jokowi explained about the rapid changes in the world. Starting from big data, artificial intelligence, technology 4.0 has undermined the definition, the measurement up to the theory that becomes the reference.
“At present, we live in an era known as the ‘age of disruption’,” Jokowi said at Bexco II Meeting House, Busan, South Korea, Monday (11/25/2019). He explained the speed of technological development has dramatically changed the way of human life. According to him, if a decade ago there were big companies that owned a taxi fleet, but now with technology and large companies replaced by individual car owners.
“By starting to test a car without a driver it can be imagined a decade ahead, transportation will only be driven by technology without the need for a driver,” he explained.
Jokowi added, this age of disruption provides enormous opportunities. But at the same time has challenges and problems that have never been imagined before. “This challenge is even greater when we see the increasing tendency of nationalism and economic populism in several countries in the last few years. The anti-free market movement leading to a protectionist approach is increasingly dominating,” he explained.
He explained the collaboration and the win-win paradigm which for decades had been the basis for world economic cooperation began to erode with increasingly widespread transactional and zero-game approaches.
Therefore, if this is allowed then the world economic recession due to the dysfunction of the global economic and financial system and distrust of the world economic institutions in the 1930s can be repeated.
According to him, this must be avoided because it has the potential to cause enormous losses starting from developed countries, emerging economies, especially developing countries. The business world will also suffer huge losses.
“It is our joint responsibility to say NO to the global economic recession. Amid the various challenges ASEAN and Korea must seize the great opportunity of this age of disruption,” he said.