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Even without the powerhouse that is China, East Asia has many of the world’s most promising emerging economies for multinationals looking to grow their businesses. But the East Asian nations are a varied lot, and each presents its own challenges.

When considering the key factors for multinationals, such as ease in shifting funds in and out of the country and the efficiency of the payment system, Hong Kong, Singapore and Malaysia rest at the top of the pyramid, with South Korea, Taiwan and the Philippines a notch below.

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