Browsing by Resource Type "Special Report"
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Beating the Middle-Income Trap in Southeast Asia
(The Heritage Foundation, 2014)
Since 2000, Southeast Asia has had some of the fastest growing economies in the world. Indonesia’s economy has enjoyed 6 percent annual growth—but will its lack of infrastructure and its commodity dependence soon reveal some cracks in its economy? The remarkable growth in the Philippines will not last unless domestic investment is elevated. Thailand’s growth has stalled amid political turmoil, and it is currently in a classic credit bubble. Vietnam still generates impressive growth, but it has a banking problem, high inflation, and ubiquitous ...