Word: narongchai
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Dates: during 1982-1982
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Late Entry into the Growth Race. "All of us," said Okita, "are latecomers to development, so we were able to use economic models from North America and Europe." In addition, contended Narongchai, the Asians saw how multinational corporations had exploited other developing areas like Latin America. Said he: "By the time the Asian governments launched their development programs, they were intelligent enough to manage their own resources and not to allow the multinationals to rape their economies...