The Real Reason Behind Economic Growth Of Asean Countries | economic growth of asean countries

The political establishment in each of the Asean countries have been responsive to the basic needs of the people, who are the main driving force behind economic growth of Asean countries. For this reason, many policies have been framed to cater to the needs of the people more than the basic economic interests. This has led to an improvement in the overall economic growth of these countries. However, there are still some challenges that the countries have to deal with; especially, the poverty and social backwardness.

The economic policies of Asean countries have been geared towards lifting the communities from the poverty; and improving living standards of people. The policy makers have worked hard to ensure better employment opportunities for people, both skilled and unskilled. In order to stimulate business activities, the economy of these countries has liberalized all the trade. Several businessmen have started small enterprises and become immensely successful in this venture. This has made the economy grows dynamically; while at the same time reducing the income gaps between the rural and urban populations.

Another major achievement of the economic policy makers of these countries is the liberalization of property laws. This policy has helped many small businesses to come into existence and bring about an improvement in the overall economy of the country. In addition, this measure has also encouraged investors to start business ventures in the country. This has made the economy grow dynamically, as more business activity means more employment opportunities for people.

The policy makers have also focused their efforts on reducing poverty and inequality in the society. They have tried their best to ensure that the people living in the rural areas are not affected by the extreme poverty and degradation of the infrastructure prevalent in urban centers. This has led to an improvement in the overall economic development of the countries. However, despite all these efforts, there are still many communities suffering from poverty and corruption in the countries.

It is undeniable that the governments of these countries are concentrating on the reduction of poverty in the communities and developing better ways to eliminate poverty in these communities. However, they are yet to find out effective policies that can increase the growth in these communities. Economic policy makers must therefore focus more on this task and use their political will to get more funds for the development of the poor communities in these countries.

The poor condition of the road network in the cities has been a major problem in the developing countries. However, this has been solved by the government of these countries through greater spending on road building activities. The construction companies are also playing an important role in increasing the industrial output and improving the living conditions of the people in the rural areas. If the political leaders continue with the same policies of focusing on the reduction of poverty in the communities and improving the road infrastructure in the cities, the country's economic growth can be significantly increased.

The other most important aspect of economic policy makers in these countries is the use of natural resources. The countries have been involved in an energy war with neighboring countries due to the large quantities of gas and oil that they import from other countries. They are in need of more energy sources to meet up the energy demand in the coming . . . . . . years. This has caused a political crisis between the countries, but if the governments stick to their policies of encouraging development of natural resource, this crisis can be avoided. A number of countries in the region have successfully promoted the development of natural resource in their regions and obtained large supplies of natural gas and oil in return.

Another important policy that has helped the countries to achieve rapid economic growth is the liberalization of the economy. Many laws were previously imposed in the inefficient economic policies and the business sector was kept under control by mafia groups. These were strictly implemented during the rule of inefficient economic policies. However, the government has finally adopted a more sensible economic policy in order to facilitate the businesses in gaining maximum profits. Several regulations concerning the minimum standard of productivity and corporate tax have also been passed to support the economic growth of the people belonging to the ASEAN countries.

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