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ASEAN Nations need indigenous innovation to transform their econo...

ASEAN Nations need indigenous innovation to transform their economies but are doing little about it

With the exception of Singapore, which can be considered a developed city-state, most members of ASEAN are still developing nations, with a few still in the under-developed phase of growth. In addition, there is great range in the level of prosperity within each ASEAN nation, particularly between rural and urban areas. On face value the ASEAN region looks potentially poised to become a major trading partner within the global economy, or is it?