Statsguru: Economic rise of Asean

This year marks the 50th anniversary of the Association of Southeast Asian Nations (Asean). Founded in 1967, Asean was conceptualised to foster economic growth, social progress and cultural development in the region. The data reveal that the region has managed to make rapid strides on various socio-economic parameters. 

As Chart 1 shows, countries in the region now boast per capita income levels far exceeding that of India. Part of this economic success can be traced to the creation of a strong manufacturing base earlier.

 

As Chart 2 shows, the