Singapore souths, 2018 Wikimedia Commons

By Louisa Tang

Today-Sept 21

Contrary to young Singaporeans’ perceptions, the region is flourishing economically and socially, charting exponential growth over the past one to two decades.  In fact, a report by worldwide management consulting firm McKinsey & Company released on Sept 14 found that eight out of 18 of the world’s best-performing emerging economies — including  Cambodia, Laos, Indonesia and Vietnam — are in South-east Asia. These economies averaged at least 3.5 per cent annual per capita gross domestic product (GDP) growth over 50 years, or 5 per cent annual growth over 20 years.

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First published in: Today