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This paper presents estimates of the relationship between the share of income accruing to the middle class and gross domestic product per capita of economies from the Association of Southeast Asian Nations. The increase in gross domestic product per capita that these economies experienced during 1970-2010 significantly contributed to a higher share of income accruing to the middle class. The impact of the rise of the middle class on economic growth depends on the countries' initial level of gross domestic product per capita. In the majority of these countries, a rise of the middle class that is unrelated to gross domestic product per capita growth would have had a significant negative effect on economic growth, based on the values of the countries' gross domestic product per capita in 1970. In contrast, for recent values of gross domestic product per capita, a rise of the middle class would positively contribute to growth in gross domestic product per capita. The paper shows that human capital accumulation is an important channel through which a rise of the middle class affects economic growth.

Asean --- Economic Growth --- Income Inequality

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Freedom of religion --- Religious tolerance --- Persecution --- Prevention. --- ASEAN.

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National security --- ASEAN. --- Southeast Asia --- United States --- Economic integration. --- Foreign relations --- Foreign economic relations

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National security --- ASEAN. --- Southeast Asia --- United States --- Economic integration. --- Foreign relations --- Foreign economic relations

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The level of outward foreign direct investment (OFDI) flows from ASEAN countries has increased rapidly in the past two decades. This book examines OFDI trends and patterns in the ASEAN region, including the impact of the ASEAN Economic Community. It also provides analyses of country policies affecting OFDI and the drivers of OFDI in Indonesia, Malaysia, Singapore and Vietnam. Myanmar is studied as an investment frontier for other ASEAN countries.

'The dynamic economies of Southeast Asia have historically been very large recipients of foreign direct investment (FDI). As global capital markets have opened up, and these economies have developed their technological and commercial capabilities, in more recent years Southeast Asia has emerged as a significant source of outward FDI both within the region and beyond. This important volume, by a group of leading regional scholars, offers a timely, comprehensive, accessible and authoritative analysis of this phenomenon.' - Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, Arndt-Corden Department of Economics, Crawford School of Public Policy, Australian National University

Investments, Southeast Asian. --- Investments, Foreign --- Southeast Asian investments --- Investments, Southeast Asian --- E-books --- ASEAN. --- Association of Southeast Asian nations