Because the idea of economy can take several levels (local, national, regional, etc), I'll take this in steps:
Nationally, several of the economies are doing fairly well. China's is growing substantially (although only in the East; the Western part of the nation remains stagnant). However, with the exception of Vietnam and South Korea, most of the nations are stagnating signficiantly.
The combination of high inflation and high unemployment is also known as stagflation and is a real bear to try to contend with.
A boom will occur again following political shifts toward a more secure and stable environment, combined with a trade regime that favors native exports.
2006-07-24 04:54:42
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answer #1
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answered by Veritatum17 6
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Sad to say yes, but it is the truth. Not only unemployment, there are a lot of other factors that makes SE Asian economy go worst. Things like gov't corruption, high crime rates, natural calamities, population explosion, poverty and the like.
Well, it will take time for a certain country to recover from its economic depression. Lets take Philippines as an example, due to high unemployment rate, a lot of people are working abroad. Slowly, maybe someday, the Phil. economy will grow. But we cannot tell when will it be. It's unpredictable.
2006-07-22 22:24:54
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answer #2
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answered by *Jumeirah* 3
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