Question 4: Many countries in Southeast Asia are considered emerging markets. 1.

Question

Question 4: Many countries in Southeast Asia are considered emerging markets.

1. What is an emerging market and what countries are considered to be such in Southeast Asia?

2. What country is the leading node in terms of economic geography in Southeast Asia, and why?

3. What is a Growth Triangle? Describe an example of a growth triangle from the Southeast Asian realm.

4 What is Jabotabek and how does it show the development of the Southeast Asian realm?

5.How are Southeast Asian countries showing signs of integration within themselves, and with each other?

Explanation / Answer

1. EMERGING MARKET defines the developing economy with low per capita income and becoming more advanced by means of rapid growth and industrialization.

Countries in the emerging markets of southeast Asia are:

1. THAILAND

2. VIETNAM

3. MYANMAR

4. PHILIPPINES

5. INDONESIA

The reason why these countries became emerging markets is because of their market value growing rapidly with large population, growing wealth and willingness to spend.

2. Of all the countries with emerging market across Southeast asia, Indonesia is considered as rising star in southeast Asian emerging markets. With its promising growth predictions Indonesia boasts the largest economy which grew rapidly since the early 2000s. Indonesia's gross national product per capita rose from $550 in 2000 to $3,500 by 2015. This clearly shows why Indonesia is the leading node in terms of economic geography in the entire southeast Asia. Other positive sign is that poverty is reduced and dropped by 50 percentage since 1990s.

3. GROWTH TRIANGLE is a concept of mutual cooperation in economic development among three countries which are:

1. MALAYSIA

2. INDONESIA

3. SINGAPORE

A table that shows annual compound rates of growth between selected periods of time duration. These three countries comes under ASEAN (association of southeast Asian nations). The objective of the growth triangle is to strengthen the regional economic links between them and benefit the entire ASEAN region.

4. JABOTABEK is the Jakarta metropolitan area which incorporates the nearby municipalities of Bogor, Tangerang and Bekasi. All these zones do include various economic activities with core areas dominated by industries like finance and hospitality. While the metropolitan areas across the Jabotabek are dominated by industrial manufacturing activities. This is how Jabotabek display the development of southeast Asian realm.

5. We all have seen the urbanization of advanced nations like the United States and Europe with greater economic development and rising living standards. To be honest the entire southeast Asia which include the spans of Indonesia, Malaysia, Philippines, Thailand, Vietnam and Singapore are going through rapid urbanization without much buzz. Stats believe that by 2030 the population of southeast Asia can almost Increase by 100 million.

Interesting fact is that Singapore already became one of the prosperous and advanced city which just rank below New York and stands ahead if Tokyo in terms of economic output per person. Singapore dollar is giving a tough fight to Australian dollar and maybe reach American dollar value in coming years. Next to Singapore, Kuala Lumpur takes the next position and ranks 39th global rank and giving tough fight with American States. All these positive signs are showing integration within themselves and with each ither which can develop them even more in coming years.

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