Beyond the Crisis: Emerging Trends and Challenges
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Books, Periodicals, Studies, and Reports
Pub. Date: 2007
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This volume contains three essays originally published in Asian Development Outlook 2007. Each one looks at how the economies of East and Southeast Asia have evolved in the period since the crisis of 1997–98. The essays' main conclusions caution against complacency and suggest a complex agenda for the future. They also underline the importance for the region both of strengthening its deftness in accessing new and growing markets in the global economy, and of assimilating and adapting to technological and organizational innovations. To ensure continued expansion of opportunities, maintenance of open trading and financial systems remains vital. To minimize risks, countries must learn from their mistakes and diversify their sources of growth. Realizing these goals will require progress not only in domestic reforms but also in cooperation within the region and with economic partners in the rest of the world.
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Preface
Ten years after the crisis: The facts about investment and growth
- Introduction
- Has the crisis slowed growth?
- Proximate causes of slower growth
- Why investment has tumbled
- Risk, uncertainty, and investment behavior
- Macroeconomic forecasts
- Governance indicators
- Conclusion
Uncoupling Asia: Myth and reality
- Introduction
- Is Asia’s business cycle gaining independence?
- Conclusions
Trade and structural change in East and Southeast Asia: Before and after the crisis
- Introduction
- Patterns of trade in East and Southeast Asia and the world, 1995–2004
- The role of intraregional trade
- Intra-industry trade in manufactures
- The rise of trade in parts and components in machinery sectors
- The challenge of the PRC for industrialization in Southeast Asia
- Conclusion
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