Catching the East Asian wind

By Michelle Mah Mei Qi, Kristina Wong, Che Afandy Che Yusof, Ooi Pei Qi, Photography Karl Cheow

August 2013 COVER STORY
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East Asia has emerged from the recent financial crisis relatively unscathed. Fundamentals in the region are strong, and the OECD forecasts that by 2030, the size of the middle income class in Asia-Pacific will have grown six-fold and command 59% of global spending. At the same time, the level of human capital development is encouraging with significant investment being made in education and with thousands of students pursuing tertiary education yearly. Nevertheless, East Asian economies have been negatively affected by...

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Michelle Mah Mei Qi

Kristina Wong

Che Afandy Che Yusof

is a research officer under the Economics and Entrepreneurship Programme at the Penang Institute.

Ooi Pei Qi

is a research analyst at Penang Institute. She is interested in global trends that affect Penang.

Photography Karl Cheow