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Asia's Biggest ObstaclesOVERCAPACITY: The region is overbuilding in such manufacturing areas as autos, semiconductors, consumer electronics, and chemical processing. WEAK CAPITAL MARKETS: Capital is channeled too often to state-owned companies or private conglomerates. Small businesses are starved for funds. RISING COSTS: Tight labor markets are pushing up wages, while rising affluence is increasing demand for goods and housing. POOR INFRASTRUCTURE: Asia needs better highways, pollution control, port facilities, and power plants. WIDESPREAD CORRUPTION: It hampers small businesses and scares off some foreign investors. INADEQUATE TRAINING: Some countries have poor elementary schools, while others cannot teach workers to act innovatively.
DATA: BUSINESS WEEK
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Updated June 14, 1997 by bwwebmaster
Copyright 1996, by The McGraw-Hill Companies Inc. All rights reserved.
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