Based on scenarios produced by the Asian Development Bank (ADB) and the OECD Development Centre, the authors consider ways in which long-term Asian growth can be consolidated to the benefit of the global economy as a whole. Looking beyond current economic difficulties, Asian countries have...

The paper argues that the macro focus of the literature on the Asian crises is not helpful in understanding the causes of the crises. The actual causes lie deeper in the operation of the real, that is, the corporate sector. In this context, the paper analyzes the micro behavior of individual firms.

This paper surveys the empirical literature on total factor productivity (TFP) and the sources of growth in the East Asian Countries. It raises the queston whether the literature has helped us understand better the factors that have propelled growth in the region. The paper discusses the main...