Southeast Asia is a favored region for investments and trade by developed countries seeking to rebound from the pandemic and other economic problems. In terms of its political indicators, however, the region is hobbled by varying levels of democratic deficits. Nikkei Asia observes that Southeast Asia remains “largely a fortress of authoritarianism, with military-based regimes...
Tag: Southeast Asia
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Has Southeast Asia reached a post-pandemic stage?
By mid-2022, governments worldwide had begun easing up on the severe Covid-19 restrictions and regulations imposed on their peoples and opening their countries to visitors. These moves were intended to ease the debilitating impact of Covid-related policies on the economies and social fabric of virtually all countries. Most economies suffered recession, companies went bankrupt, supply...
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Can Southeast Asia achieve sustainable tourism?
Southeast Asia has long been a preferred tourist destination due to its diverse and culturally rich settings, incredible sights, unique local cuisines, and affordability, as depicted by travel websites. For governments in the region, tourism is a major contributor to economic growth; the Asian Development Bank (ADB) estimates that it contributes “at least 15% to...