The rise and return of light manufacturing is often overlooked in Mongolia, given that mining is so large and the potential in the resources sector so great. In recent years, small manufacturers have made a significant contribution to the country, in terms of supporting domestic consumption and exports. Cashmere has been a particularly strong...
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Articles & Analysis | Coming back for thirds: Light manufacturing offers stability when commodity prices fluctuate from The Report: Mongolia 2014
Chapter | Industry & Retail from The Report: Mongolia 2014
Mongolia faces significant challenges in manufacturing, as neighbouring China has a prominent edge in production of many goods. The northern country can also be an expensive country for manufacturers, with high transportation and labour costs. In May 2013, the minimum wage was raised from $87.75 per month to $120 per month. Government investment in textiles manufacturing in 2012 saw $68.8m...
Since the country’s transition from communism two decades ago, the Mongolian economy has experienced rapid liberalisation. Sectors including ICT and insurance are expanding quickly and, while the mining sector has been responsible for making Mongolia a rising star in the global economy, there is great potential for further growth in all economic sectors.
On the cusp of 2014 national elections and the 2015 integration of the ASEAN Economic Community, Indonesia is poised to continue its rapid economic expansion. While the country’s natural resources are still plentiful, by channelling foreign direct investment into the right areas, the government is ensuring that true potential, in terms of value and manufacturing, is achieved.
Articles & Analysis | Veins of steel: Despite a host of challenges, the Thai metals industry looks set to remain a strong player from The Report: Thailand 2014
Thailand is no small player in the steel industry. It is the number 33 manufacturer in the world for crude steel, behind only Malaysia and Vietnam in the ASEAN region, according to World Steel Association figures for 2012. In the first half of 2013, reports the South East Asia Iron & Steel Institute, it was the region’s largest producer of...
Articles & Analysis | The middle step: An economy heavy on manufacturing undergoes a gradual transition from The Report: Thailand 2014
On the economic road from farms to factories to services, Thailand has come a long way. Through a combination of low costs, sound policy, a good work ethic and a relative lack of labour activism, the country has managed to make the transition from an economy based on agriculture and commodities to become one of the most industry-oriented nations...