[ap-intact] COMMENTARY: Asian Development Bank president on "Eight key actions for development"

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"Asia is making remarkable progress in development and poverty reduction. But, why have some countries developed more rapidly than others? In the 1950s, the Philippines was second only to Japan in per capita gross domestic product (GDP), but slipped to among the lowest in per capita GDP terms of the major Association of Southeast Asian Nations (Asean), although it has been growing more rapidly in recent years. The People’s Republic of China lifted its per capita GDP from just over $300 in 1990 to nearly $7,000 today. My experience of developing Asia tells me that good government policies comprising eight key actions provide the answer to this question. The right policies in these eight areas can lift low-income countries at least to upper-middle income status."

Read the op-ed by Takehiko Nakao, president of the Asian Development Bank, in Live Mint.http://www.livemint.com/Opinion/XSWR5gJEbpDtMVfS5N8huI/Eight-key-actions-for-development.html

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