The success story of economic growth in Southeast Asia over the past few decades is well known. It resulted from an outward-looking strategy of export-oriented growth, coupled with openness to foreign direct investment by more developed economies both within Asia and outside, generally market-friendly policies, and extensive investment in infrastructure. It led to deep economic integration of Southeast Asian economies, especially the most developed ones, with those of East Asia, manifested most notably in the rapid expansion of regional and global supply chain networks. South Asia has also emerged more recently as a dynamic growth region as a result of market-oriented reforms.