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), Philippines, and Thailand. It develops a crisis index that measures the impacts of the crisis by comparing actual values of … severity and channels of these impacts varied widely: Thailand suffered the most in terms of reduced growth in gross domestic … problems, particularly Korea's problems with youth unemployment, and Philippines' and Thailand's vulnerable industrial sectors. …
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A key legacy of the Asian financial crisis of 1997-1998 is a sustained drop-off in the investment rates of East Asian countries that were hardest hit by the crisis. We first review the stylized facts of investment in those countries, and then explore and evaluate the various possible...
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This paper examines patterns and determinants of exports in nine East and Southeast Asian economies, with an emphasis on the increasing important role of parts and components in total exports. To see whether exports in parts and components are "special" and to allow comparisons, export equations...
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Regional economic integration is both a deregulatory project, involving the removal of barriers to the movement of goods and services, as well as a re-regulatory project, involving the adoption of common economic, social, and environmental standards to enable the market to function. The removal...
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