The economic growth in SE Asia has heavily influenced global business strategy in recent decades, with western companies focusing their investment on the Tiger economies (Hong Kong, South Korea, China and Singapore). Neighbouring Japan has had its strong development somewhat curtailed by the massive earthquake, but it is recovering fast.
SE Asia’s relatively cheap, less regulated labour force and growing consumer expenditure make it a promising location for new business, particularly pharma, biotech and healthcare. The semicon, electronics and flat panel sectors are setting up r&d sites for advanced technologies as well as manufacturing facilities for LCDs, LEDs and solar panels. With prosperity comes better healthcare and health reforms. As a result, the region is also seeing new hospitals and rising medical expenditure.
Each country in the region, however, has its specific strengths and weaknesses.
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