Prospects for sustained growth in the ASEAN single market

McKinsey has produced a new report on prospects for economic growth and development in the ASEAN single market. One aspect is that the depth of intra-regional trade within the ten member group remains well below other regional single markets. Intra-ASEAN trade is only 24% of total trade despite the move towards ASEAN Economic Community versus 59% for the 28 member nations of the European Union and 40% for NAFTA (US, Canada and Mexico). Access the report here: http://www.mckinsey.com/insights/energy_resources_...