Best Economically performing Asian country in the last 20 yrs?

[Camlon]

Originally Posted by Greysholic

Unstable or stable in what sense? Politically? Economically? Socially? Environmentally?

Thinking politically, or else Japan would get slightly unstable too. The reason I am including it, is because it is a non-direct factor that affects the economy.

So to explain, South Koreans have the north korean issue, but its not an issue that actually affects their policy. Taiwan and Hong is getting influenced by China. China was stable, but Xi Jinpings purge has lead to instability. Vietnam is too poor and repressive to be stable.

[justanokie]

Originally Posted by Camlon

I would list it like this.

2. Singapore
- Moderate debt, low deficits, high growth, employment rate up, stable, salaries slightly up, housing 23x income.

One big difference is that Singapore's debt is not external.

They owe zero debt to any other nations.

[lokeung)]

China's employment rate is up? Not really. And the growth rate has decreased. There are people who can afford luxury, there are also many who are not living well.

Taiwan is not having high growth rate now.

Japan has been like that for many years, people have got used to these.

Originally Posted by Camlon

I would list it like this.
3. China
- Moderate debt, low deficits, high growth, employment rate up, slightly unstable, salaries up, housing 33x income.

4. Taiwan
- Low debt, moderate deficits, high growth, employment rate down, slightly unstable, salaries stable, housing 26x income.

7. Japan
- High debt, high deficit, low growth, employment rate down, stable, salaries down, housing 26x income.

[Camlon]

Originally Posted by lokeung)

China's employment rate is up? Not really. And the growth rate has decreased. There are people who can afford luxury, there are also many who are not living well.

Taiwan is not having high growth rate now.

Japan has been like that for many years, people have got used to these.

Yes, China has seen increased employment, even if you include farmers. If you exclude farming, employment has increased from 340 million in 1995 to about 500 million in 2015.

Taiwan has had an average real growth of 4.9% during the last 20 years. That is very high considering that Taiwan is now a developed country. In the same period, Japan has had a growth rate of 0.6%.

If Japan problem was only low growth, then Japan would have gotten a better place. The problem is that they have let their debt go out of control, they have a massive deficit, and the employment rate is dropping. All of these factors are bad for the Japanese economic performance.

[lokeung)]

Yes, excluding farming, there are now more people working in the industrial and service sectors than farming. China had traditionally been a mainly peasant country for 5000 years.

Taiwan is having rates similar to Japan in recent years.

South Korea is going to surpass Japan in less than a decade in many figures.