Home 
Publications Catalog Online Publications Document
Asian Development Outlook 2004
The annual Asian Development Outlook provides a comprehensive economic analysis of 41 economies in developing Asia and the Pacific. On the basis of the Asian Development Bank's unique knowledge of the region, this 16th edition overviews aggregate trends and medium-term prospects by subregion—East Asia, Southeast Asia, South Asia, Central Asia, and the Pacific—in the context of global economic movements. The region's developing economies generally showed remarkable resilience in 2003. Despite the uncertainties generated by the Iraq conflict, high oil prices, the outbreak of the severe acute respiratory syndrome (SARS) epidemic, and a slow recovery in major industrial countries during the first half of the year, economic growth reached 6.3% in 2003, making it the most dynamic region in the world. Intraregional trade and strong consumer demand will define the outlook for developing Asia in 2004–2005. The stronger outlook for industrial countries over that period will provide a cushion against a possible slowing of surging exports to the People's Republic of China. It will also soften the impact of fiscal consolidation measures that need to be taken in some regional economies. The Asian Development Outlook 2004 includes a chapter on foreign direct investment (FDI) in developing Asia. It argues that, based on a study of a diverse group of developing Asian countries with large or rapidly rising inflows of FDI, the international benefits of FDI are, in fact, highly variable but not necessarily cost-free. The magnitude and productivity of capital flows are dependent on the establishment of an enabling, business-friendly commercial environment, consistent with national development objectives. In this context, a useful paradigm is the "three i's"—incentives, institutions, and infrastructure.
Contents
Foreword, Acknowledgments, Acronyms and Abbreviations, Definitions [ PDF: 318kb | 12 pages ]
Statistical Appendix [ PDF: 2,673kb | 30 pages ] Oxford University Press is a department of the University of Oxford.
It furthers the University’s objective of excellence in research, scholarship,
and education by publishing worldwide in Oxford New York Auckland Bangkok Buenos Aires Cape Town Chennai Oxford is a registered trade mark of Oxford University Press Published in the United States © Asian Development Bank 2004 First published in 2004 All rights reserved. No part of this publication may be reproduced,
stored in a retrieval system, or transmitted, in any form or by any means,
without the prior permission in writing of the Asian Development Bank. This book was prepared by the staff of the Asian Development Bank,
and the analyses and assessments contained herein do not
necessarily reflect the views of the Board of Directors
or the governments that they represent. The Asian Development Bank
does not guarantee the accuracy of the data included in this publication
and accepts no responsibility whatsoever for any consequence for their use.
The term “country” does not imply any judgment by the Asian Development Bank
as to the legal or other status of any territorial entity. Published for the Asian Development Bank by
Oxford University Press British Library Cataloguing in Publication Data
available Library of Congress Cataloging-in-Publication-Data
available ISBN 0-19-596839-5 |
© 2009 Asian Development Bank Privacy | Terms of Use |
 Top of page |
