Word: navaratnam
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Dates: during 2000-2009
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...Lynch expects GDP growth in Asia (excluding Japan) of 7.7% this year, the slowest pace since 2003. Next year could be worse if the U.S. enters a full-blown recession. "There are few signs as yet of the damaging effect but it will show up soon enough," says Ramon Navaratnam, a former senior official in the Malaysian Finance Ministry. "We cannot escape the contagion...
...decades, although far more have emigrated without officially giving up their nationality. Many local companies are leaving, too, investing so much offshore that as much money now leaves Malaysia as is attracted to it. "There's no question we accomplished a lot over the past 50 years," says Ramon Navaratnam, president of the Malaysia office of Transparency International, the corruption watchdog. "But if we don't face up to [our] problems, we will not be able to sustain the same level of success over the next 50 years...
...poor Malays in the dust. Indeed, the World Bank estimates that despite Malaysia's impressive $10,000 per capita annual income, the country is burdened with the largest income disparity in all of Southeast Asia. "The Malays are being let down by their own people," says Transparency International's Navaratnam, "because the rich are getting richer while the poor are staying the same...
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