TOKYO -- Thailand, Malaysia and Indonesia are at risk of remaining stuck in a middle-income trap unless they rethink their economic model, deepen regional integration, and emulate the strategies of post-communist Eastern Europe, the dean of the Asian Development Bank Institute has warned.
Economy
ASEAN should follow Eastern Europe's growth model, ADBI dean says
Bambang Brodjonegoro pushes investment-led manufacturing, supply chain integration
Bambang Brodjonegoro speaks to Nikkei Asia in Tokyo on June 17. The dean of the Asian Development Bank Institute says Thailand, Indonesia and Malaysia have a lot to learn from Poland, the Czech Republic, Hungary and Romania. (Photo by Andrew Sharp)
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