Already Singapore is super-rich, Malaysia is on the cusp of being a developed country, and Thailand isn't too far behind!
1/Alright, let's talk about Southeast Asia! One of the most interesting stories in the world that tons of people are
Already Singapore is super-rich, Malaysia is on the cusp of being a developed country, and Thailand isn't too far behind!
The star performer, of course, is Vietnam, where incomes have almost quintupled since 1990.
Pretty much ALL of Southeast Asia is growing rapidly.
What's going on? What is the region getting right??
All of these countries have a lot of manufacturing exports, usually of labor-intensive goods like clothing. Even Indonesia, whose industrialization took a big hit after the 1997 crisis.
Southeast Asia (+Bangladesh) is fulfilling much of that demand.
They did a lot of different things...but maybe in the end the most important factor was that they were in the right place at the right time.
They have cheap wages.
And they have huge nearby sources of investment -- Japan, Taiwan, South Korea, and Singapore, with whom Southeast Asian countries have close ties.
"Be in the right place at the right time" is pretty useless advice...
Those early leaders can then be sources of inspiration, ideas, expertise, capital, and market demand for all the others.
It's one more big step toward making the entire human race materially comfortable and secure.
(end)
https://t.co/cqXNjLxxHJ
More from Noah Smith 🐇
Krugman is, of course, right about this. BUT, note that universities can do a lot to revitalize declining and rural regions.
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote:
One thing I've been noticing about responses to today's column is that many people still don't get how strong the forces behind regional divergence are, and how hard to reverse 1/ https://t.co/Ft2aH1NcQt
— Paul Krugman (@paulkrugman) November 20, 2018
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote:
1/OK, data mystery time.
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
More from World
THREAD
1)
Newsweek — #Iran has sent deadly "Shahed-136 suicide/kamikaze drones" to the Houthis in #Yemen. These advanced UAVs are deployed to the Houthi-controlled northern Yemeni province of Al-Jawf.
More reason why the West should not appease Tehran.
https://t.co/gtNDCGbtQs
2)
#Iran has long provided drones to the Houthis
March 22, 2017
“… seven Houthi Qasef-1 drones and one drone engine recovered by forces from the UAE. Six of the drones were captured in October on a known Iranian smuggling route that runs through
3)
US to designate #Iran-backed Houthis in #Yemen as a foreign terrorist org (FTO)
https://t.co/ILBCg3Pfvs
Iran’s IRGC long funded/armed/trained/provided for the Houthis.
Dec 30—Missile attack on Aden airport. Yemen gov holds Houthis
4)
#Iran provides at least $360 million, ballistic missiles, other ordnance, technology and training to the Houthis in
5)
The Houthis recently claimed responsibility for a missile attack targeting Saudi Arabia’s Aramco oil
1)
Newsweek — #Iran has sent deadly "Shahed-136 suicide/kamikaze drones" to the Houthis in #Yemen. These advanced UAVs are deployed to the Houthi-controlled northern Yemeni province of Al-Jawf.
More reason why the West should not appease Tehran.
https://t.co/gtNDCGbtQs
2)
#Iran has long provided drones to the Houthis
March 22, 2017
“… seven Houthi Qasef-1 drones and one drone engine recovered by forces from the UAE. Six of the drones were captured in October on a known Iranian smuggling route that runs through
3)
US to designate #Iran-backed Houthis in #Yemen as a foreign terrorist org (FTO)
https://t.co/ILBCg3Pfvs
Iran’s IRGC long funded/armed/trained/provided for the Houthis.
Dec 30—Missile attack on Aden airport. Yemen gov holds Houthis
4)
#Iran provides at least $360 million, ballistic missiles, other ordnance, technology and training to the Houthis in
5)
The Houthis recently claimed responsibility for a missile attack targeting Saudi Arabia’s Aramco oil
MISREPRESENTED CONTEXT
1. I am indeed disgusted with attempts to misrepresent and take out of context what I wrote on my blog yesterday.
2. Those who did that highlighted only one part of paragraph 12 which read: “Muslims have a right to be angry and to kill millions of French people for the massacres of the past.”
3. They stopped there and implied that I am promoting the massacre of the French.
4.If they had read d posting in its entirety & especially the subsequent sentence which read: “But by & large the Muslims hv not applied the “eye for an eye” law. Muslims don’t. The French shouldn’t. Instead the French should teach their people to respect other people’s feelings
5. Because of the spin and out of context presentation by those that picked up my posting, reports were made against me and I am accused of promoting violence etc… on Facebook and Twitter.
1. I am indeed disgusted with attempts to misrepresent and take out of context what I wrote on my blog yesterday.
RESPECT OTHERS
— Dr Mahathir Mohamad (@chedetofficial) October 29, 2020
1. A teacher in France had his throat slit by an 18-year-old Chechen boy. The killer was angered by the teacher showing a caricature of Prophet Muhammad. The teacher intended to demonstrate freedom of expression.
2. Those who did that highlighted only one part of paragraph 12 which read: “Muslims have a right to be angry and to kill millions of French people for the massacres of the past.”
3. They stopped there and implied that I am promoting the massacre of the French.
4.If they had read d posting in its entirety & especially the subsequent sentence which read: “But by & large the Muslims hv not applied the “eye for an eye” law. Muslims don’t. The French shouldn’t. Instead the French should teach their people to respect other people’s feelings
5. Because of the spin and out of context presentation by those that picked up my posting, reports were made against me and I am accused of promoting violence etc… on Facebook and Twitter.
In 2016,Turkey arrested Abdulkadir Yapcan, a prominent Uighur political activist living in the country since 2001 and initiated his extradition. In 2017, Turkey and China signed an agreement allowing extradition even if the purported offense is only illegal in 1of the 2️⃣countries
Since early 2019, Turkey has arrested hundreds of Uighurs and sent them to deportation centers. And Erdogan’s remarks have turned diplomatically bland, just like any Uighur-related coverage in newspapers controlled by Erdogan and his supporters.
Erdogan Is Turning Turkey Into a Chinese Client State\U0001f914https://t.co/WZyETQ9mkB
— James Mitchell \u24cb\U0001f42c (@MesMitch) February 13, 2021
Since early 2019, Turkey has arrested hundreds of Uighurs and sent them to deportation centers. And Erdogan’s remarks have turned diplomatically bland, just like any Uighur-related coverage in newspapers controlled by Erdogan and his supporters.
