ANNEX A: SURVEY RESULTS
This annex presents the findings of a survey of the Asia-Pacific policy community conducted by the Pacific Economic Cooperation Council from 23 March to 28 April 2023. The survey was disseminated through: PECC member committees; the APEC Business Advisory Council, the APEC Policy Support Unit; Communications and Public Affairs Unit, the Asia-Pacific Research and Training Network on Trade (ARTNeT); the Institute for International Trade, and the Asia-Pacific Finance Forum.
This is not a survey of public opinion but rather, a survey of those whose views influence policymaking, especially at the regional level as some of the questions require a knowledge of ongoing regional initiatives. However, we believe that those surveyed include those who are responsible for influencing and often making decisions on various aspects of their economy’s positions within different regional groups.
The guidance for identifying panelists is as follows:
Government
Panelists should be either decision-makers or senior advisors to decision-makers. As a guide, the government respondents in previous years included a number of former and current Ministers, Deputy and Vice-Ministers, Central Bank Governors and their advisors for Asia- Pacific issues, current APEC Senior Officials, and a number of former APEC Senior Officials.
Business
Panelists should be from companies who have operations in a number of Asia-Pacific economies or conduct business with a number of partners from the region. This might include each economy’s current ABAC members as well as past ABAC members. In last year’s survey, these included CEOs, vice presidents for Asia-Pacific operations, and directors of chambers of commerce.
Non-government: Research Community/Civil Society/Media
Panelists should be well-versed in Asia-Pacific affairs, being the type of people governments, businesses, and the media would tap into to provide input on issues related to Asia-Pacific cooperation. These included presidents of institutes concerned with Asia-Pacific issues, heads of departments, professors, and correspondents covering international affairs.
1. What are your expectations for economic growth over the next 12 months compared to the |
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Weaker |
About the same |
Stronger |
Don’t know |
Total |
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Own Economy |
33.0% |
34.5% |
31.2% |
1.4% |
100.0% |
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World Economy |
47.3% |
37.0% |
14.4% |
1.4% |
100.0% |
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2. Please select the top five risks to growth for your economy over the next 2-3 years. Please |
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5 - least serious |
4 |
3 |
2 |
1 - most serious |
Total |
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Food security |
4.1% |
5.0% |
5.0% |
3.7% |
3.4% |
21.1% |
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Energy security |
3.8% |
5.2% |
7.2% |
6.2% |
3.0% |
25.5% |
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Climate change |
10.2% |
8.2% |
7.4% |
7.1% |
9.8% |
42.6% |
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Health pandemic |
5.7% |
3.4% |
2.8% |
2.1% |
2.4% |
16.4% |
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Erosion of the social contract |
5.1% |
3.7% |
3.7% |
5.1% |
5.1% |
22.6% |
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Sharp fall in asset prices |
2.5% |
3.0% |
2.5% |
1.4% |
1.6% |
11.0% |
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Cyber attacks |
4.4% |
3.0% |
3.3% |
2.8% |
1.7% |
15.1% |
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Shortage of available talent/skills |
7.1% |
6.1% |
5.9% |
4.4% |
4.7% |
28.1% |
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Ukraine Conflict |
6.9% |
4.0% |
5.8% |
6.2% |
6.9% |
29.8% |
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Rising global interest rates |
4.0% |
5.7% |
5.8% |
7.6% |
6.5% |
29.6% |
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Failure to implement structural reforms |
5.5% |
5.8% |
4.2% |
5.2% |
7.4% |
28.1% |
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Increasingly restrictive digital environment |
3.1% |
2.8% |
1.1% |
2.7% |
0.6% |
10.3% |
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Increased protectionism and trade wars |
5.5% |
7.2% |
6.4% |
9.2% |
7.4% |
35.6% |
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Economic sanctions |
2.5% |
2.4% |
3.7% |
2.5% |
0.8% |
12.0% |
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Geo-economic fragmentation |
4.8% |
9.2% |
7.2% |
6.8% |
10.9% |
38.9% |
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Unfavorable currency realignments |
1.6% |
3.4% |
1.7% |
1.4% |
0.6% |
8.6% |
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Unsustainable debt |
3.4% |
4.5% |
3.8% |
3.0% |
2.7% |
17.4% |
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Slowdown in world trade growth |
8.6% |
7.5% |
8.1% |
7.6% |
7.9% |
39.7% |
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Rising cost of living |
7.6% |
6.9% |
11.2% |
11.0% |
14.7% |
51.5% |
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Wage-Price Spiral |
3.5% |
3.1% |
3.3% |
3.8% |
2.1% |
15.8% |
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3. How inclusive do you think the recovery from the Covid-19 pandemic has been thus far? |
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% of |
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Not all at all |
12.3% |
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Moderately |
75.6% |
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Extremely |
7.5% |
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Don't know |
4.5% |
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Total |
100.0% |
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4. Which sectors do you think have lagged behind (if at all) during the recovery? Please select |
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% of |
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Women |
31.0% |
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Ethnic minorities |
35.8% |
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Youth |
38.0% |
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Elderly |
40.7% |
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Micro and Small and medium enterprises |
58.7% |
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Unionized Labor |
6.1% |
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Non Unionized Labor |
16.8% |
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The informal sector |
43.6% |
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Formal sector |
7.5% |
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Agriculture |
20.6% |
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Manufacturing |
21.4% |
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Services |
26.1% |
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5. Please share your view on the impact you think the following has on inequality in your |
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No or little impact |
Moderate impact |
Major impact |
Don't know |
Total |
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Trade with other economies |
24.0% |
47.3% |
25.3% |
3.3% |
100.0% |
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Rapid technological change |
7.1% |
39.2% |
52.2% |
1.5% |
100.0% |
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Lack of social safety nets |
16.2% |
38.4% |
43.0% |
2.3% |
100.0% |
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Education system doesn’t help prepare people for real jobs |
10.9% |
33.8% |
52.5% |
2.7% |
100.0% |
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Over-regulation of businesses |
23.5% |
43.9% |
27.0% |
5.6% |
100.0% |
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Under regulation of the businesses |
35.9% |
43.7% |
12.9% |
7.5% |
100.0% |
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Discrimination against specific groups on the grounds of gender, ethnicity etc |
35.2% |
36.4% |
21.7% |
6.7% |
100.0% |
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6. What do you think governments should do to make growth more inclusive moving forward? |
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Not important |
Neither important nor unimportant |
Important |
Don’t know |
Total |
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Promote equal access to new opportunities and employment through structural reforms |
3.0% |
11.8% |
81.8% |
3.3% |
100.0% |
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Strengthen active labor market policies |
4.3% |
24.0% |
67.6% |
4.0% |
100.0% |
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Deepen trade and investment especially for MSMEs |
3.4% |
17.8% |
74.3% |
4.5% |
100.0% |
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Invest in infrastructure for remote and rural areas |
4.9% |
19.8% |
73.0% |
2.3% |
100.0% |
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Promote broader, easier and more secure access to credit |
7.5% |
28.6% |
59.1% |
4.8% |
100.0% |
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Improve access to education, training and childcare opportunities |
1.5% |
9.8% |
87.1% |
1.5% |
100.0% |
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Strengthen human resource development policies for the digital age targeting workers displaced by structural changes |
3.0% |
15.4% |
78.7% |
2.9% |
100.0% |
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Enable better access to digital platforms and quality social services |
3.1% |
22.4% |
72.4% |
2.1% |
100.0% |
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Strengthen social safety nets including by promoting floors in line with global best practices |
5.2% |
23.9% |
66.7% |
4.3% |
100.0% |
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7. What kind of impact do you generally think more open trade and investment has had on your economy? |
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Negative |
Neutral |
Positive |
Don't know |
Total |
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Percent of Respondents |
3.3% |
13.2% |
82.3% |
1.2% |
100.0% |
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8. To what extent do you think the following have had the opportunity to or are regularly |
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Not at all |
Somewhat |
Just right |
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Business |
4.3% |
39.1% |
54.7% |
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Organized labor |
17.9% |
50.8% |
25.1% |
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MSMEs |
19.4% |
51.7% |
20.8% |
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Legislators |
6.3% |
36.3% |
51.0% |
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Local governments |
20.0% |
45.6% |
25.4% |
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Academics and research institutions |
14.7% |
53.7% |
26.9% |
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Civil society and others |
22.4% |
52.3% |
19.0% |
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The general public |
34.7% |
46.9% |
12.5% |
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9. To the best of your knowledge, what mechanisms are used in your economy to gain |
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Never |
Sometimes |
Frequently |
Don’t know |
Total |
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Consultations with trusted advisors |
3.1% |
36.4% |
55.1% |
5.4% |
100.0% |
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Workshops and seminars |
6.3% |
54.0% |
35.0% |
4.6% |
100.0% |
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Open forums between negotiators and stakeholders during negotiating rounds |
13.7% |
52.6% |
24.8% |
8.8% |
100.0% |
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Through chambers of commerce |
3.7% |
43.9% |
47.2% |
5.2% |
100.0% |
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Public submissions |
16.9% |
49.6% |
23.8% |
9.7% |
100.0% |
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Information campaigns – press releases after negotiating rounds |
14.0% |
50.7% |
27.1% |
8.1% |
100.0% |
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10. What do you think should be the top 5 priorities for APEC Leaders to address at their |
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1st Most Important |
2nd Most Important |
3rd Most Important |
4th Most Important |
5th Most Important |
Total |
Improving the delivery of logistics services in the region |
1.4% |
2.6% |
3.2% |
3.3% |
2.9% |
13.3% |
Work on the Free Trade Area of the Asia Pacific (FTAAP) Agenda |
7.0% |
6.2% |
4.4% |
4.0% |
6.7% |
28.3% |
Strengthening Supply Chain Resilience |
8.4% |
10.0% |
8.9% |
8.2% |
6.0% |
41.6% |
Support for the multilateral trading system and the WTO |
8.1% |
7.1% |
6.5% |
6.3% |
5.8% |
33.8% |
Ameliorating geopolitical and trade conflicts in the region |
13.3% |
5.5% |
7.6% |
5.5% |
6.7% |
38.6% |
Addressing Inclusion in Trade |
3.3% |
3.3% |
4.4% |
4.8% |
4.9% |
20.7% |
Women’s economic participation in the economy |
2.6% |
3.3% |
3.0% |
5.4% |
4.5% |
18.8% |
Inflation |
7.3% |
4.9% |
4.8% |
4.8% |
5.2% |
27.1% |
Expanding Economic Potential and Opportunity Through Investments in Infrastructure and Workers |
5.8% |
5.8% |
7.1% |
5.8% |
6.5% |
30.9% |
Structural reforms, good regulatory practices, standards alignment, and anti-corruption efforts |
8.2% |
8.5% |
8.2% |
7.4% |
7.3% |
39.7% |
Reducing the digital divide |
2.6% |
3.0% |
3.8% |
4.0% |
4.1% |
17.6% |
Capacity building to reduce plastic waste and improve monitoring. |
1.8% |
3.0% |
3.0% |
4.4% |
3.6% |
15.8% |
Addressing illegal timber and fishing trade. |
1.0% |
2.9% |
2.5% |
1.5% |
1.6% |
9.5% |
Promoting Food Security |
3.4% |
5.4% |
3.0% |
4.3% |
4.5% |
20.6% |
Updating the region’s ambitions on climate and clean energy |
7.8% |
6.6% |
8.0% |
7.0% |
5.5% |
34.9% |
Measures to reduce barriers to growth of the digital economy |
3.0% |
4.3% |
5.2% |
6.7% |
4.3% |
23.5% |
Promoting cybersecurity |
1.9% |
4.0% |
3.3% |
3.4% |
4.5% |
17.2% |
Facilitating the adoption of cloud technology |
0.8% |
1.2% |
1.2% |
1.1% |
2.3% |
6.7% |
Expansion of APEC membership |
1.0% |
1.6% |
1.5% |
1.4% |
1.9% |
7.4% |
Increasing outreach to existing and new stakeholders |
1.1% |
1.4% |
1.0% |
1.2% |
1.1% |
5.8% |
Others (please specify) |
1.1% |
0.3% |
0.3% |
0.4% |
0.8% |
2.9% |