The strong export-led growth rates that the country has enjoyed have helped tremendously in poverty eradication. In the 1970s the average growth rate was 7.5 per cent; in the 1980s it was 5.8 per cent; and in the 1990s the growth rate averaged an invigorating 7.1 per cent.

Author: Nambiar, Shankaran. Publication: MIERScan, 5 June 2006.