War, Deflation, and the Three Bears

Ulhas Joglekar uvj at vsnl.com
Sat Sep 28 18:37:15 PDT 2002


Yoshie Furuhashi wrote:


> The "developmental state" isn't a useful term in my view.
> I was
> simply trying to paraphrase Redmond posts on the subject in the
> above. There is a strain of thinking that attributes faster rises in
> GDP per capita and other conventional indices of economic development
> mainly to "developmental states" (which are seldom precisely defined
> -- most often, they are implicitly defined tautologically as states
> of nations that have experienced rapid economic development).

Average annual growth rates:

Indonesia: 7% (1965-80), 6.1% (1980-90) and 5.8% (1990-98)

Thailand: 7.3% (1965-80), 7.6% (1980-90) and 7.4% (1990-98)

Terms such as "rapid growth " or "faster growth" would have to be defined precisely.

Ulhas



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