GROWTH RESULTED FROM GETTING THE
POLICY BASIC RIGHT
Macroeconomic management for stable environment essential
for private investment.
Policies to increase integrity of banking system, accessible to
nontraditional savers, increased in financial savings.
Education policies focus on primary & secondary education led
to labour force skills.
Government encourage family planning: did not restrict family
planning choices
HPAEs kept price distortions to a reasonable bound.
Open to foreign ideas & technology to facilitate efficiency & set
stage for high productivity growth.