The Asean Market
The Association of Southeast Asian (ASEAN) countries are currently driving the global economy’s growth. Collectively, the ten member economies rank as the ninth largest economy in the world.
The emerging Asian economies are shifting from producing for export to producing for domestic consumption and the IMF forecast GDP growth of almost 8% in 2013.
“Developing Asia’s large and expanding service sector already contributes significantly to the region’s growth. That role will broaden further as economies that graduated from agriculture to industry evolve further into service economies”. (ADB Outlook 2012)