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ASEAN ANALYSIS

Asean Affairs  27 May 2011

New economic order in Asia


By  David Swartzemtruber

 
AseanAffairs     27 May 2011

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WEEKLY SUMMARY


There are polls, indexes and public opinion surveys that make the news on a daily basis but one of the most interesting index in this week’s news is the Bloomberg Economic Momentum Index for Developing Asia.

The purpose of the index is to rank 22 emerging Asian economies as the “most likely to maintain steady and rapid growth over the next five years. The index looked at each country’s ability to maintain economic competition, education level, urban migration, high-technology exports and inflation.

The top country, China, came as no surprise to most. However, after India in second place, the third place was occupied by Vietnam, which slipped ahead of countries such as Malaysia and Thailand and Bangladesh was in placed in fifth place.

It is interesting to note that Vietnam is in the same political profile as China: a communist country with a one-party political system and a centrally directed economy.

However, problems that could pose difficulties to China include rising wages and some believe a banking crisis could occur following on record lending and a bump in real estate prices.

Meanwhile, economic growth in the United States and Europe seems tepid compared to the rates that China and India have shown in the last decade.

By
Paul A. Ebeling, Jnr

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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

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