As the Asian region continues to rise in significance on the world stage due to economic advancement, savvy entrepreneurship and the sound development of legal mainframes to support business development, there have remained four fledglings in particular that have stayed behind while other birds have flown.
The CMLV bloc of Cambodia, Myanmar, Laos and Vietnam have suffered from slow or stagnant growth due arguably to political dogmas and authoritarianism that have fed into corruption, nepotism and a lack of transparency – factors that stand like a neon warning sign for businesses keen to move in and boost trade and development.
Be it stale communist doctrine, the rule of the junta, or the strongarm tactics favoured by dictators towards any form of opposition, the economic fledglings in this nest have failed to grow the feathers needed to progress further and achieve the flying capabilities of its more flexible regional neighbours.
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