Charting a sustainable future

Reigniting drivers of growth key to Asean's economic resilience

A garment export factory in Hung Yen province, Vietnam. Despite the economic impact from Covid-19, the writer says South-east Asia's medium-term prospects, opportunities and global relevance remain intact. PHOTO: REUTERS
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Pivoting towards the Asian global growth engine is one of the major world transitions of this century with a strong contributor coming from the economic emergence of Asean.

South-east Asia's trade and economic integration, relatively lower labour costs and the growing wealth among its 650 million-strong population have made it a key destination for many multinational companies seeking new opportunities to produce, invest and sell.

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A version of this article appeared in the print edition of The Straits Times on February 22, 2021, with the headline Reigniting drivers of growth key to Asean's economic resilience. Subscribe