Gulf to learn from Asia<\/p>\n
ABU DHABI (AFP): Gulf Arab states should copy the development
\nexperience of Japan and other Asian economic giants if they want
\nto achieve adequate growth in non-oil sectors, a former World
\nBank expert says.<\/p>\n
The six-nation Gulf Cooperation Council (GCC) already has a
\ndeveloped infrastructure and other advantages absent in those
\nAsian nations before they started to record the fastest growth
\nrates in the world in the early 1960s, Luweis Hubeika wrote in
\nthe United Arab Emirates (UAE) daily al-Khaleej.<\/p>\n
Hubeika, who served as a senior Middle East economy expert for
\nseveral years in the World Bank, named Japan, Taiwan, Singapore,
\nThailand, South Korea, Hong Kong, Indonesia and Malaysia as the
\nprincipal Asian economic giants.<\/p>\n
He said the eight nations registered an annual growth rate of
\n5.5 percent between 1965 and 1990, compared with 2.3 percent in
\nmost industrialized countries, 0.2 percent in Africa and 1.8
\npercent in the Middle East and Latin America.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/gulf-to-learn-from-asia-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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