Abstract
It is frequently claimed that the 1980s was a lost decade for the developing coun tries because most experienced stagnant or negative growth of national output and income, and as a result many of the economic and social gains of the 1960s and 1970s were eroded. While this was certainly true of many countries in Latin America and Africa, it was far less true of most of the countries of Southeast Asia. The most recent figures on growth of Gross Domestic Product (GDP) and population for the five countries of the Association of Southeast Asian Nations (ASEAN), excluding Brunei, are given in Table 1.
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