Indonesia | Economics

Thursday, May 29, 2008

The newly-published growth report

The final version of the growth report, published by the Commission on Growth and Development is out and can be downloaded here. I don't have time to read it in full yet, but here is a snippet from this summary on Asia:
  • Nine of the 13 countries that have been successful in achieving sustained high growth are from Asia: China, Hong Kong (China), Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan (China) and Thailand.
  • These nine high-growth countries all share common characteristics: engagement with the global economy, macroeconomic stability, high rates of saving and investment, the market allocation of resources, and credible and capable governments.

  • And here is an interview of Michael Spence, Nobel Laureate and chairman of the commission, on the report.

    More on this once I read the report once I pass my core exams.

    UPDATE 1: William Easterly doesn't like the report.
    UPDATE 2 (6/3/08): Martin Wolf takes on Easterly. (HT: Dani Rodrik).
    UPDATE 3 (6/16/08): Dani Rodrik joins the fray.

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    • can indonesia maintain growth after the fuel price hike?

      i read in wsj that the hike will increase inflation and hit growth. is that true?

      By Blogger Roby, at 5/31/2008 04:47:00 am  

    • Roby:
      Yes to both. I think Indonesia will probably still grow in the 5.5-6.5% range -- not as high as we'd like, but still high relative to most countries. This is partly because we also benefit from the high prices of commodities.

      By Blogger Arya Gaduh, at 5/31/2008 07:52:00 am  

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