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Economy

Tim Johnston: East Asia growth fetish won't hold the region together

A lack of ideas and institutions threatens post-colonial gains

Guards of honor raise the ASEAN flag at a ceremony to mark the 50th anniversary of the regional group in Hanoi on Aug. 8.   © Reuters

Developing East Asia has enjoyed more than 40 years of growth, except for a brief crisis at the end of the last century. But the single-minded pursuit of economic growth at all costs has created a dangerously unstable monoculture.

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