As the Association of Southeast Asian Nations (ASEAN) reaches its 50th anniversary this year, there is much the region can boast about. Its 10 members include the likes of Vietnam and Philippines that are growing at over 6 percent and it has tremendous investment potential as the region is expected to be the fifth larg
As the Association of Southeast Asian Nations (ASEAN) reaches its 50th anniversary this year, there is much the region can boast about. Its 10 members include the likes of Vietnam and Philippines that are growing at over 6 percent and it has tremendous investment potential as the region is expected to be the fifth largest economy in the world soon, according to the World Economic Forum.
Indeed, economic and social progress, becoming a manufacturing powerhouse and achieving considerable political stability, all have helped the region come this far. But the ride to the top has not been smooth for everyone, and some have not been able to do as well as others. Thailand is an example.
According...