November/December 2023 (ISSUE 252) VOLUME 42 No.6

Industrial Policies for Achieving
Asia-Wide Sustainable Growth
COVER STORYC O N T E N T S
1

PUBLISHER’S NOTE

Why Is It necessary to have an “Asia-WideIndustrial Policy”?
By Masakazu Toyoda

2

COVER LEAD

Industrial Policies for Achieving Asia-WideSustainable Growth
By Naoyuki Haraoka

3

COVER STORYSPECIAL ARTICLE

42 1 The New Socio-Economic Order Under Advanced AI &Singularity-Like Scenarios
By Sanjeev Sinha

46 2 Interview with Ambassador Vesko Garcevic, former Ambassador ofMontenegro in Brussels (NATO), Vienna (OSCE), Montenegrin
Ambassador to Austria, Belgium, Luxembourg and the Netherlands.

Deciphering the Russia-Ukraine Conflict: Navigating a
Multifaceted Geopolitical Puzzle
By Samuel ShengEr Zhou

50 CULTURE
Perfection Animated – an Introduction to Studio Ghibli
By Mohan Gopal

54 ECONOMIC INDICATORS FOR JAPANAre Japan’s Wages on a Stable Upward Trend?
By Nobuo Iizuka

NEXT ISSUE
The January/February 2024 issue will highlight depopulation inJapan and how to tackle the challenges it presents for the benefit offuture generations. Our next issue will be published on our website
on Jan. 10, 2024.
Publication date: November 10, 2023 (Published on the 10th of every odd month)
Publisher: Masakazu Toyoda, Chairman & CEO, Japan Economic Foundation (JEF)
Editor-in-Chief: Naoyuki Haraoka
Editorial Staff: Masako Watanabe
Design: PRITECH Co., Ltd.

https://www.jef.or.jp/journal/

Copyright ©1982-2023 Japan Economic Foundation. All rights reserved.
Materials may not be reproduced without written permission.

Industrial Policies for Achieving
Asia-Wide Sustainable Growth
3

1 Roundtable with Prof. Naoyuki Yoshino, Prof. Mariko
Watanabe, Prof. Shujiro Urata & Masakazu Toyoda

Key Strategies for Raising Sustainability ofAsian Economic Growth in the Age of a
Disrupted World Economy
By Japan SPOTLIGHT

11 2 Reconsider Industrial Policy: a New Strategy

Toward Sustainable Economic Developmentin Asia
By Masahito Ambashi

20 3 Interview with Dr. Arsenio Balisacan, Secretary (Minister)of the National Economic and Development Authority(NEDA) of the Philippines

Research on Industrial Policies Relevant toWelfare in Asia
By Japan SPOTLIGHT

24 4 Interview with Prof. Sachin Chaturvedi, Director-General
at RIS, India

Trade Liberalization: a Key Industrial Policy
Encouraging Competitiveness in South Asia
By Japan SPOTLIGHT

28 5 Thai Industrial Policies Towards theChallenges of an Aging Society
By Morragotwong Phumplab

34 6 Interview with Professor Datuk Dr. Norma Mansor, Director of theSocial Wellbeing Research Centre at Universiti Malaya, former
Secretary of the National Economic Advisory Council of Malaysia

Pursuing Well-Being in Asia with Knowledgeof Aging
By Japan SPOTLIGHT

38 7 Interview with Dr. Reiko Hayashi, the Deputy

Director-General of the National Institute of Populationand Social Security Research in Japan

Low Fertility & Aging Societies – Thoughts
on Japan’s Contribution to a Common
Global Challenge
By Japan SPOTLIGHT

The opinions expressed in the articles published in Japan SPOTLIGHT are those of the authors and do not necessarily reflect the views of the Japan Economic Foundation,
which is not sponsored by and does not sponsor or support any particular political or religious organization.