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ASEAN on the Rise

March 17, 2015 Comments off

ASEAN on the Rise
Source: Wharton School, University of Pennsylvania

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 quickly growing — 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.

This special report looks at the forces shaping the ASEAN region in 2015, most notably the effect of falling oil prices, along with in-depth views of two countries — Thailand and Indonesia — which are both facing unique challenges on the road to becoming economic powerhouses. Also included is an interview with Kan Trakulhoon, president and CEO of SCG, one of Thailand’s largest conglomerates, on managing a workforce in a volatile economic environment.

Laos: Country Specific Information

March 20, 2011 Comments off

Laos: Country Specific Information
Source: U.S. Department of State

The Lao People’s Democratic Republic (Laos) is a poor, developing country ruled by an authoritarian, Communist, one-party government. Political power is centralized in the Lao People’s Revolutionary Party. Services and facilities for tourists are adequate in the capital, Vientiane, and the UNESCO World Heritage town of Luang Prabang but are extremely limited in other parts of the country. Please read the Department of State’s Background Notes on Laos for additional information.

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