This interesting article looks at the future of southeast Asia. With labour costs in China on the rise, the trade superpowers of the world are looking to emerging economies to fulfil their orders. The 11 countries of the region have, as a result, seen their annual economic growth rate soar to more than 5%. Despite the rise in GDP and industrial output however, the region still suffers from a plethora of infrastructure and regulatory challenges. The next 10 years will be crucial for southeast Asia as it increases its economic footprint and most importantly, meets the growing demands of the once poverty-stricken population.
By Ian Walker