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The objective of this paper is to identify the determining factors for national innovation capabilities. The ASEAN 10 countries are used as proxy subjects for our studies. Secondary data from the World Economic Forum was used for testing. The WEF identified 12 categories of composite for national competitiveness index. We take these 12 composites and re-analyzed them for innovational capabilities. We identified innovation capabilities as dependent variable (Y), and the remaining 11 factors as independent variables (Xs): institutions, infrastructure, ICT adoption, macroeconomic stability, health, skills, product market, labor, financial system, market size, business dynamism. Correlation matrix was used to identify models. We found that product market, financial institution, business dynamics, and skills of the labor force are significant factors for innovation capabilities for the ASEAN countries. The R squared level for the proposed multiple regression was 0.9783 and the ANOVA F test value was 74.63 compared F(8,8) = 3.44 (p = 0.0000) with adjusted R squared at -0.95. This study also showed that the expected innovation capabilities of ASEAN countries are low; this finding implies that the ASEAN economies are still left in the Industry 3.0 despite their government mound the policy of Industry 4.0. Economic growth in the ASEAN will continue to depend on manufacturing and export processing, not based on knowledge and innovation. ; Fukbua, Thunchanok is a research assistant and contributed to this article

The objective of this paper is to identify the determining factors for national innovation capabilities. The ASEAN 10 countries are used as proxy subjects for our studies. Secondary data from the World Economic Forum was used for testing. The WEF identified 12 categories of composite for national competitiveness index. We take these 12 composites and re-analyzed them for innovational capabilities. We identified innovation capabilities as dependent variable (Y), and the remaining 11 factors as independent variables (Xs): institutions, infrastructure, ICT adoption, macroeconomic stability, health, skills, product market, labor, financial system, market size, business dynamism. Correlation matrix was used to identify models. We found that product market, financial institution, business dynamics, and skills of the labor force are significant factors for innovation capabilities for the ASEAN countries. The R squared level for the proposed multiple regression was 0.9783 and the ANOVA F test value was 74.63 compared F(8,8) = 3.44 (p = 0.0000) with adjusted R squared at -0.95. This study also showed that the expected innovation capabilities of ASEAN countries are low; this finding implies that the ASEAN economies are still left in the Industry 3.0 despite their government mound the policy of Industry 4.0. Economic growth in the ASEAN will continue to depend on manufacturing and export processing, not based on knowledge and innovation. ; Fukbua, Thunchanok is a research assistant and contributed to this article

This book is a practical and comprehensive guide to doing business in the newly emerging economies of the Association of Southeast Asian Nations (ASEAN), consisting of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, The Philippines, Singapore, Thailand, and Vietnam. Collectively these countries comprise a huge market of over half a billion people, a combined domestic product in excess of US $1.49 trillion, and total trade of over $1.54 trillion. The region's economy is the fastest growing in the world. It has distinctive business cultures and systems. Each country has a unique business environment and its own level of development.

This book is a practical and comprehensive guide to doing business in the newly emerging economies of the Association of Southeast Asian Nations (ASEAN), consisting of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, The Philippines, Singapore, Thailand, and Vietnam. Collectively these countries comprise a huge market of over half a billion people, a combined domestic product in excess of US $1.49 trillion, and total trade of over $1.54 trillion. The region's economy is the fastest growing in the world. It has distinctive business cultures and systems. Each country has a unique business environment and its own level of development.