ASEAN at 50: A historic milestone for MNEs and FDI in ASEAN presents 50 years of remarkable expansion and progress in attracting foreign direct investment (FDI) to the economies of ASEAN Member States. Looking back over 50 years, ASEAN has transformed from being a relative backwater in the international operations of Multinational Enterprises (MNEs) to a premier hub in their network of Global Value Chains (GVCs). Along the way, FDI has contributed to ASEAN economic growth, development and regional integration, as well as the rise of new industries, the growing competitiveness of Micro, Small and Medium Enterprises (MSMEs), the entry of the region into the digital era, and the improvement of gender equality.