AVERAGE GROWTH OF GDP
Growth among 8 HPAEs is high: significantly above Organisation for Economic Cooperation and Development (OECD) industrialised nations’ average.
Other developing countries growth rates are low – 70% grew more slowly than average OECD countries.
Northeast Asia and East Asia – success story.
HPAEs – low and declining levels of inequality: positive association between growth and improving inequality.
Rapid growth led to improved human welfare.
People living in poverty declined.
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