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Group Project - Group Project Key Players Largest Countries...

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Unformatted text preview: Group Project: Key Players : Largest Countries: Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam What is at stake for 3 countries: Largest Nation: Singapore Challenges : Increase Regional Competition, an aging population, and the need to upgrade and restructure its manufacturing sector. Singapore recognizes that its future success and prosperity largely depends on ASEAN’s economic progress. Malaysia: Challenges: Malaysia must corporate with Singapore markets if they are to produce economic quantities. Needs growth by 7 percent a year for 9 years to equal a total of 63 percent. Indonesia: Challenges: Relies heavely on domestic consumption as a main driver for economic growth. Struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among regions. Advantages: Less at stake in regards to the ASEAN Second Nation: Thailand IMPORTANT FACTS: With some member states practicing liberal economic policies such as Singapore, the wide variation in economic...
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