Asia Economy

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Thailand’s government is confident the country’s economy is well on the way to recovery, following the devastating floods in late 2011, to return to the high levels of growth witnessed before the disaster. Recovery efforts will take time, however, as further investments in infrastructure and social support are still required.
While many markets struggled with debt and fall-out from the world economic crisis in 2011, Indonesia bucked global trends by recording its fastest rate of growth in 15 years. Buoyed by strong domestic demand and huge resource wealth, Indonesia’s economy grew 6.46% last year, making it a magnet for investors who have also been attracted by its macroeconomic stability.
Recent weeks have seen the Sultanate take some important steps in boosting trade ties with both regional friends and more distant allies. This recent flurry of international links will be good for Brunei Darussalam’s trade position, and may also stand the Sultanate in good stead as it prepares to chair the Association of South-east Asian Nations (ASEAN) in 2013.

Chapter | Country Profile from The Report: Mongolia 2012

With only 3m inhabitants in an area larger than Western Europe, the country has long been known for its unique nomadic culture. Nearly half of all Mongolians still make their living as herders on the steppe, although many have migrated in recent decades to Ulaanbaatar, which hosts a third of the population. Mongolia became a Soviet Union satellite after its former ruler, the Chinese Qing dynasty...

At the far end of Ulaanbaatar’s Peace Avenue, a 10-minute walk east from Sukhbaatar Square, stands a site of major national importance to Mongolia: the rotunda of Bokhiin Orgoo, the “Wrestling Palace”. On the carpeted wooden floor of its main hall, thousands of Mongolian wrestlers have fought for the coveted supreme title of “undefeated giant...

Derelict factories, a small and muddy market and scattered concrete blocks amid gers (traditional tents), log cabins and rickety wooden stockades surround tiny residential districts. Today’s Kharkhorin isn’t a great deal to look at, though the surrounding snow-flecked hills and the unique, bright Mongolian light do invest it with some beauty. However, this was once...

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