Despite continuing concerns about corruption, red tape, and political instability, it’s suffering far less from the financial crisis than other parts of the world. Some companies operating in the region continue to do well, as demand for everything from computers to discount airline tickets remains strong.
Southeast Asia’s strength is an encouraging sign that the region is still a player. Though it may have been half-forgotten by many investors since the crisis, its educated workers, natural resources, and—in some countries, at least—first-class infrastructure make it worth paying attention to. ASEAN has a total population of 560 million, and its combined gross domestic product of $1.3 trillion is greater than India’s.
Indonesia, Thailand, Malaysia, the Philippines, Vietnam, and Singapore—which account for about 95% of the region’s economy—attracted nearly $50 billion in foreign direct investment last year, vs. China’s $92 billion [source].
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