1. It took our progressive neighbors 18&up years of avg. 8.75% annual GDP growth before they
allowed their currencies to appreciate, and the Philippines has managed to exceed 7% growth
only 2x since 1978, while the peso has appreciated by some 25% since 2004... Here's the table that
will form part of an article that will come out soon...
Time Period and Average Annual GDP Growth
Before Currency Appreciation
No. of Avg. Annual Growth
Period
Years Rate
1980-
China 25 9.79
2005
1969-
Hong Kong 25 7.63
1994
1960-
Korea, Rep. 26 7.90
1986
Indonesia
1960-
Japan 20 10.44
1969
1979-
Malaysia 18 7.46
1997
Philippines
1961-
Singapore 11 10.29
1971
1960-
Thailand 36 7.82
1996
Vietnam
Taiwan 30 1952- 8.70
1982
Average 23.88 8.75