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The Industry Of Southeast Asia Essay

493 words - 2 pages

The Industrial Overview of Southeast AsiaThe competitive challenges now confronting Southeast Asia have changed the basis on which new projects are being evaluated, regardless on their location. You would never think there had been an economic crisis if you examined the number of petrochemical projects that have been completed since 1997. For other Southeast Asian countries, the economic crisis has held back the further development of their petrochemical sectors. For example, Malaysia, which is in jeopardy in the category of petrochemical growth. Singapore has become an established base for very successful petrochemical production because of its excellent infrastructure and an ...view middle of the document...

All three were failures. Like Vietnam, the Philippines have become a victim to dumping by the more established producers in Asia, say its producers.Strengthened antidumping legislation and improved customs procedures have promised better protection. It is estimated that Thailand can export over 200,000 tons/year of ethylene capacity. There is an oversupply of ethylene so crackers (structures that do the mining of petrochemicals) will not be made for the next five years.Southeast Asia had countries with good and bad petrochemical industries. In Thailand there is a surplus. I learned that even after the huge economic crisis, some of the countries have gotten back onto their feet. I learned that amount of petrochemical projects that have been completed in the past few years is tremendous. Even though some of the countries are still in a slump, they are getting out of it because of industry they have chosen to invest in.I think that business in Southeast Asia in the terms of petrochemical activity will eventually slow down because of competitors around the world. I think that much more progress needs to be made on financial restructuring and on restructuring the buildings that already exist. After this the countries in Southeast Asia will be much more satisfied and also closer to a developed country. This would spark more trade and bring in more money for the country. I believe all the information I have gathered is reliable because an expert in the field was interviewed and notes were taken.Richardson, John. "Gloom Gathers." www.Findarticles.com. 28 May 2001. 1May 2002.Tml?term=southeast=asia>

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