Southeast Asia's Economies Can Gain Most by Packaging Ambitious Reforms

March 25, 2024--Combining overhauls in areas including business and external regulation, governance, and human development can boost output levels by 3 percent over four years.
Southeast Asia's major economies have made major strides over the last couple of decades.

The largest have seen income per capita grow at least three-fold over the past 20 years amid global integration and prudent policymaking. Vietnam now enjoys an income level that's 11 times higher than in 2000. Building on such gains to close the region's gap with high-income countries-an ambition for many seeking to break from the so-called middle-income trap-while challenging, is in reach.

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Source: imf.org