Asia's tiger economics

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A correlation between good governance and economics development. It is no coincidence that Asia's most successful economics are also the ones that do well in those governance indicators. The country was left behind by Asia's so called tiger economies and even if their growth was halted by financial crisis in 1997 the Philippines has not managed to catch up. Now the country is being left behind by Thailand and may be overtaken even by Vietnam. Complacency is a luxury the Philippines cannot afford. As in economic growth the country can do better in terms of governance and must catch up with its neighbors.