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Business
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| Number of pages / Number of words: |
17 / 4512 |
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For example in Malaysia, the percentage of the population living in absolute poverty has dropped from 37 per cent in 1960 to less than 5 per cent in 1990 (Yellen, 1998). Thailand poverty (measured on purchasing power parity) had been reduced from over 57 per cent in the late 1960s to about 13 per cent in 1996, with Thais enjoying dramatic improvements in social welfare such as food security, education, infant mortality, and life expectancy...
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Similarly, in Indonesia, despite remaining disparities, the benefits of growth had extended to all of the twenty-seven culturally diverse provinces. Between 1970 and 1996 the proportion of population living below the official poverty line declined from 64 per cent to an estimated 11 per cent. The quality of life for the average Indonesian had improved greatly: infant mortality declined from 145 per 1,000 live births in 1970 to 53 per 1,000 in 1995...
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