Freedom, economic growth go hand in hand in Asia
Article Abstract:
Freedom House concludes that freedom is associated with economic growth among the Asian countries. In its study, called World Survey of Economic Freedom 1995-1996, data show that countries rated 'free' accounted for 81% of total world output in goods. In contrast, countries which impose substantial restrictions on its citizens had limited economic success. Of the 13 East Asian nations surveyed, only Japan was considered 'free.' On the basis of the results, Freedom House also suggested that economic prosperity is connected to social stability.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Keeping the Asian boom clean will pay off
Article Abstract:
Asia needs to balance its increasing industrialization with environmental protection to fully reap the benefits of economic growth. In the last two decades, economic development has come hand in hand with environmental degradation. World Bank data reveal that from 1975 to 1988, pollution has increased 10 times in Thailand, eight times in the Philippines and four times in Indonesia. Sustainable development must be attained to prevent economic prosperity from taking a toll on the region's natural resources.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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A word of development advice to Asia: save yourself
Article Abstract:
The economic growth of Asian countries is attributed to their high savings rates rather than foreign direct investment. Countries such as Nepal and Pakistan with savings rates of 10% of GDP experienced a mere 2.4% per capita growth between 1980 to 1993, while China with a savings rate of 35% of GDP experienced a growth of 8.2%. It is also argued that contrary to popular belief, European firms' need to invest in Asia exceeds Asia's need for capital and technology.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Comment about this article or add new information about this topic:
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