As it came into being and strengthened in the 2004-2008 stage, the novelty of relative stability and economic growth was still fresh, and people overlooked its faults.
As for Miss Megawati, she deserves credit for overseeing a restoration of relative calm and economic growth in Indonesia, but voters see her as a poor communicator and a weak administrator who has done little to rein in the country's rampant corruption.
The region has enjoyed higher economic growth relative to industrialized countries, and this trend is expected to continue for the long term.
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QE3 is quite different from QE1 and QE2, however, and QE3 is happening at a different time relative to the global economic growth cycle.
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It's underpinned by strong economic growth potential relative to the developed markets, there's a great deal of individual wealth that is building up in the region in the retail and high-net-worth levels.
WSJ: Pimco's Guiding Asia-Pacific's Investor Evolution: Ki Myung Hong
So why don't more people go home now that Kenya has reverted to its traditional role as an island of relative peace, stability and economic growth amid other East African nations plagued by chronic violence?
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But he warned that optimism was "relative", because of slow economic growth.
It is quite likely that in the past couple of years absolute levels of poverty have decreased, simply because employment has risen, while relative poverty has not, because economic growth has meant big increases in income for some at the top.
Against the backdrop of a strong growth trajectory and relative economic resilience of the online games market, MOL AccessPortal (MOL) announces a strategic investment in a San Francisco-based alternative payment startup, Rixty to further expand its global reach to North and South America.
Thus, even if the US is successful in reducing its fiscal deficit significantly, public debt relative to GDP continues to rise due to sluggish economic growth and a still high fiscal deficit.
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Any reductions in the national debt relative to the GDP have been almost solely the result of economic growth and inflation.
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Growth in its services business explains IBM's relative immunity to the current economic woes, so far.
Aside from the economic growth story, limited acquisition opportunities in the U.S. put Simon at a disadvantage relative to other large international mall REITs such as Australian property operator Westfield Group and France-based Unibail-Rodamco, which are focused on creating value through renewal of property.
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