Fresh Pick of the Day, March 17, 2015: “ASEAN on the Rise” from Knowledge@Wharton

From Knowledge@Wharton – “With 610 million people, the 10-member Association of Southeast Asian Nations, or ASEAN, is less than half the size of China’s market, but the region’s quicklygrowing — and relatively big spending — middle class has become increasingly attractive to multinationals and foreign investors. The ASEAN bloc — which includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam — is nudging Chinese manufacturers aside as China’s labor force begins to shrink and wages rise. Moreover, the planned launch of the ASEAN Economic Community (AEC) at the end of 2015 is likely to help sustain rapid economic growth in the medium term, analysts say.”

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