ASEAN set to become world’s 5th largest economy by 2020: ANZ

A new report by economists representing ANZ Bank says that greater economic integration could see ASEAN replace China as the world’s leading manufacturing centre over the next 10–15 years, and that the bloc looks set to become the world’s fifth largest economy by 2020. The report singles out the potential of Burma, Cambodia and Laos for their “large youthful labour force for new production platforms”.