What They Don’t Tell You -2
Much has been made about the Philippine’s income inequality decreasing from 0.46 in 1997 to 0.41 in 2021. But this pales in comparison to Malaysia and Thailand’s performance: Malaysia from 0.49 to 0.39, and Indonesia from 0.48 to 0.34.
What these all suggest is that the quantity of economic growth experienced by the rest of Asean-5 was not only much larger, but also the developmental quality of that growth was better – more equally distributed.