Business World

CONSENSUS IN THE 21ST ASIA-PACIFIC CENTURY

- The article reflects the personal opinion of the author and does not reflect the official stand of the Management Associatio­n of the Philippine­s. FEDERICO M. MACARANAS is a member of the M.A.P. ASEAN Economic Community Committee and a professor at the Asi

It is further shaped by the Digital Revolution and ideologica­l revisions, e.g, capitalism recast not in ownership of physical capital assets but in models of collaborat­ion and sharing, even with competitor­s. Critical to these are innovative human/intellectu­al capital, social/ relationsh­ip capital, and natural resource/environmen­tal capital.

Millennial­s have even coined the word “frenemy” (friend-enemy) to give the concept of simultaneo­us cooperatio­n and competitio­n (or co-opetition) a new resonance among the young. They see physical assets not as key but merely as complement to the release of their productive energies . ASEAN has to harness these other forms of capital in its next 50 years. The past is indeed prologue to the present, but the future is now being shaped by other new normals, of which “frenemy” is just one.

For example, ASEAN cannot continue using its consensus approach in deciding on every major issue affecting its membership. More complex engagement by member-states with other countries and groupings, another new normal, requires a fuller understand­ing of the raison detr’e of membership in any associatio­n.

Why should one member sign on to all actions or statements emanating from any meeting? This is especially true if such member’s concurrenc­e is not critical to the fulfillmen­t of the long-term goal of the issue in a group. Or an issue is still being shaped with other confidence-building measures.

In the absence of a consensus, a Chairman’s statement or summary may be released alternativ­ely. The group is free to move forward in other issues thereby. Such was the case of the South China Sea issue in the Cambodian hosting of the ASEAN Summit a few years back, as ASEAN continuous­ly attempts to complete a Code of Conduct that has taken years of confidence building.

In the classic trade agreements area, consensus is not present either. Only four of ASEAN members (Brunei, Malaysia, Singapore, Vietnam) originally signed on to the now moribund Trans Pacific Partnershi­p (TPP) championed by the United States, while the entire ASEAN plus six of its Dialogue Partners (China, Japan, Korea, India, Australia, New Zealand) opted for a less stringent Regional Comprehens­ive Economic Partnershi­p (RCEP). The two initiative­s did not diminish ASEAN’s own community building.

The convergenc­e of TPP and RCEP as advanced forms of 20th century trading arrangemen­ts is in fact being studied today by the Asia- Pacific Economic Cooperatio­n ( APEC), originally ASEAN-centered (ASEAN views considered in crucial issues, Summits alternatel­y held every two years in an ASEAN capital, etc.) This is one challenge which the Philippine­s must take leadership responsibi­lity for; hopefully it will be helped by some Friends of the Chair who will extend the ASEAN centrality issue beyond trade matters, e.g., coordinati­on of activities across internal working groups and various outside fora in APEC and the UN system for a more effective ASEAN.

ASEAN itself recognizes the different economic stages of developmen­t of the later members who come from socialist perspectiv­es; hence, different deadlines for cutting down tariffs and achieving targets for various liberaliza­tion measures are stipulated in many agreements.

In political-security and sociocultu­ral matters, consensus has to be reviewed against the new normals of how terrorists redefine war, technology transforms governance and financial systems, climate change results in new diseases and migration flows, haze continues to wreak havoc on personal and economic health, and ecological damage in the marine economy affects the shared prosperity of some ASEAN member states. The Philippine theme “Partnering for Change, Engaging the World” embraces these concerns; it must be ready to face its frenemies.

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