Pitchaya Sirivunnabood, Capacity Building and Training Economist
Pitchaya Sirivunnabood joined ADBI as a capacity building and training economist in September 2018.
Her expertise is international economics and finance, specializing in regional economic integration and financial cooperation as well as bilateral and multilateral free trade agreements, development of financial markets, and international/ transnational investment.
Prior to joining ADBI, she was an assistant director and the head of finance integration division at the ASEAN Secretariat in Jakarta, Indonesia. She was senior researcher and policy consultant for a Thai government think tank, the UNDP’s Asia Pacific Regional Center, and the European Association for Business and Commerce. She was also an assistant director and macroeconomist at the ASEAN Integration Monitoring Office, in charge of surveillance and monitoring process for the ASEAN Economic Community. She has a PhD in international economics (trade and finance) from the University of Utah, United States.
The Association of Southeast Asian Nations (ASEAN) is making strong efforts to maintain financial stability amid the coronavirus disease (COVID-19) pandemic, mostly through national financial emergency measures for each member state.
Asia is advancing toward becoming a gray society, though some countries are in the early stages and some are more advanced. The longevity revolution is being demonstrated through longer life expectancies due to medical innovation and improvements in medical care, as well as people having healthier lifestyles.
The COVID-19 pandemic has quickly become a severe global crisis, with a drastic spread in less than 2 months and shifts in its epicenter. Almost 1 million people have been infected with the virus around the world, and the number of deaths has shot up rapidly and continues to grow.
Digitalization has transformed the global economy and had significant impacts on Asia and the Pacific, home to some of the world’s biggest and most advanced e-commerce markets, such as the People’s Republic of China (PRC), Australia, Japan, New Zealand, Singapore, and the Republic of Korea (Asian Development Bank and United Nations ESCAP 2018).
The pace and size of labor migration have been on the rise in past decades, largely due to the different stages of economic development across Asia. Labor migration flows from Asia peaked in 2015 and dropped in the following 2 years, falling to 5.2 million in 2017, the lowest level since 2011.
In this podcast, ADBI Capacity Building and Training Economist, Pitchaya Sirivunnabood, discusses the effects of the COVID-19 crisis on the region’s aging societies and strategies for safeguarding seniors moving forward.