LINES OF THOUGHT ACROSS SOUTHEAST ASIA

Southeast Asia Globe is member-supported publication featuring in-depth journalism that promotes a more informed, inclusive and sustainable future. Members work with our team to shape our editorial direction and hold us accountable.

 

Be a part of the story. Subscribe today!


Asean steps up

As the economic momentum increasingly moves to Southeast Asia, a region with diverse economies and a large workforce, the region is tipped to power growth in Asia for the next two decades, according to IHS Global Insights, a global information company that offers industry and economic analysis. Thanks in…

Southeast Asia Globe
September 24, 2012

As the economic momentum increasingly moves to Southeast Asia, a region with diverse economies and a large workforce, the region is tipped to power growth in Asia for the next two decades, according to IHS Global Insights, a global information company that offers industry and economic analysis. Thanks in part to Asean’s trade with China, the combined economies of the bloc have grown to $2.3 trillion this year – eclipsing that of India, despite having a workforce half the size – and are expected to grow to $4.7 trillion by 2020 and close to $10 trillion by 2030, the report said. A key factor driving such growth will be sustained economic expansion of Indonesia and other top regional economies such as Thailand, Malaysia and the Philippines.



Read more articles