Far Eastern Economic Review, 6 Mar 2009, David Jay Green
"The impact of lower growth in Southeast Asia should not be underestimated. From an oecd or developed country’s perspective, 3% to 4% growth doesn’t seem so bad. From a Southeast Asian developing country’s perspective, it is close to a growth recession and a policy disaster. Political expectations in Southeast Asia target growth well in excess of what is likely; 6% to 7% growth rates are medium-range targets in Malaysia and the Philippines. Political needs for growth relate partly to the commitment to lower poverty."
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