TAG: Asia
For decades, the Anglo-Saxon economic model has increasingly disenchanted the developing world. It has found the overemphasis on financial indicators and the lack of regard for people, the land and water, health and culture run counter to the long-term interests of society.
A shift towards recognising the interdependence of an economy’s various actors has been ongoing. In many ways, Thailand has been ahead of this curve and has taken up a leadership role globally, as it recognised early the possibility that other, superior ways of organisation may exist.
In the realm of second investment chances, Vietnam is emerging as a global champion after bouncing back from a severe downturn.
In the realm of second investment chances, Vietnam is emerging as a global champion of bouncing back from a severe downturn. Only five years ago the country was considered too risky to contemplate, having suffered a major economic decline and financial correction that affected many corporate and country ratings.
However, after a major reform push, clean-up of the banking sector and signing of a major trade deal with Europe, the country once again is commanding the attention of regional and global players.