Issue Institutional framework is the systematic weak point of the six growth markets
Summary
Measured against other developing economies, the six stand out on Economic Fundamentals and Financial Services and sit at par on Business Perception and International Standards and Policy, but they underperform on Institutional Framework - the one category where the group is below its peers rather than above them.
Classification
Main topicDemocracy & Governance
Impactscope:transnational · geo_region:southeast_asia
Time horizon4-10 years (2026-07-26)
Last updated2026-07-29 04:49:52
Evidence 2
- Global Opportunity Index 2026: Growth Markets in Southeast Asia Milken Institute page=34;section=Conclusion 2026-04 accessed 2026-07-26
- Global Opportunity Index 2026: Growth Markets in Southeast Asia Milken Institute page=13;section=Overall Performance of Growth Markets in Southeast Asia / Comparison to Peer Developing Economies 2026-04 accessed 2026-07-26
Constituent trends 1
Directly linked signals 7
- SignalCambodia has the group's weakest Business Perception and falls well below peers on Public Governance
- SignalFigure 6 gives standardized peer-comparison scores for the six across all fourteen subcategories
- SignalFive of six beat peers on Business Constraints while the same five lag on Recovery and Resolution
- SignalInvestors' Rights spread runs from 1.7 SD above peers in Malaysia to 2.0 SD below in Lao PDR
- SignalLao PDR is last of the six with 75th in Economic Fundamentals and 79th in Institutional Framework
- SignalThe Philippines pairs 6th in Economic Performance with 56th in Business Perception
- SignalVietnam ranks 39th overall on the strength of Economic Fundamentals
Relation types: constitutes · direct_urgent
Public id: fm-d38009143fcf