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Essay / Research Paper Abstract
A 5 page paper examining GDP growth rate, inflation and unemployment in Indonesia, Singapore, Malaysia and Thailand 1997 – 2000. Comparing Singapore to the others is not an even comparison, because all of the others were still developing nations. Singapore's economy already had been designated as mature by the OECD. GDP growth can be expected to fluctuate more in a developing economy than in a mature one, an expectation borne out in every other country except the Philippines. Includes 3 tables and 4 charts. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KSeconAsTigRec.rtf
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Unformatted sample text from the term paper:
status in the 1960s was similar to that of Nepals in the 1960s. The difference between them now is that Singapore is a mature economy and Nepals economic condition
is worse now than it was 35 years ago. The only other difference is that Singapore set out to make systemic and systematic changes in its economy and its
historical bent toward isolationism while Nepal did not. In 2002, there were still areas of Nepal not open to foreign visitors and Nepal was one of the worlds poorest
countries. The government of Singapore has thoughtfully advanced the economic standing of the country and therefore the countrys people with each successive five-year
plan since the first in 1960. Though it is a member of ASEAN (Association of Southeast Asian Nations) that also was adversely affected by the Asian currency crisis, the
country has consistently been maligned for all the years of rapid economic expansion of the region as being far too cautious and too rigid in its acceptance of its own
growth. Before Malaysia set off the chain reaction in the region by letting its ringgit freely float in relation to the US dollar
and recession moved into the nations of ASEAN, Singapore was set to exceed the per capita GDP of Great Britain. When economic expansion of the US was hovering around
2.5 percent without expected increase, there was speculation that Singapores per capita GDP might even match that of the US. Its forward motion was derailed by the effects of
the Asian currency crisis of 1997, but Singapore suffered far less than did other ASEAN nations. It also recovered more quickly than did other ASEAN nations.
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