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Even though globalization benefits less developed countries (LDCs), it also makes them more vulnerable to the exogenous …
Persistent link: https://www.econbiz.de/10009365410
argues that demographic complementarities with high-income countries provide India with one-time opportunity to sustain its … growth rate and occupy all segments of global outsourcing and offshoring activities. India has used the labor cost advantage … development, diversification and upgradation policies India can continue to atleast maintain its global market share, and help …
Persistent link: https://www.econbiz.de/10009364007
The results highlight the conflicting interests of countries — to stabilize exchange rates or to keep the option of exchange rate depreciation in order to maintain competitiveness of domestic tradable producers. With deepening integration in East Asia, however, the desire for exchange...
Persistent link: https://www.econbiz.de/10010857579
The purpose of this paper is to reexamine the exchange rate policy of the Republic of Korea, and its role in promoting financial and monetary cooperation in East Asia in the wake of the 2008 global financial crisis. The Republic of Korea would not actively participate in any discussion of...
Persistent link: https://www.econbiz.de/10009652191
The purpose of this paper is to reexamine the exchange rate policy of the Republic of Korea, and its role in promoting financial and monetary cooperation in East Asia in the wake of the 2008 global financial crisis. The Republic of Korea would not actively participate in any discussion of...
Persistent link: https://www.econbiz.de/10009652209
Many argue that the yuan needs to appreciate to rebalance the Peoples Republic of Chinas trade. However, empirical evidence on the effects of a CNY appreciation on the Peoples Republic of Chinas exports has been mixed for the largest category of exports, processed exports. Since much of the...
Persistent link: https://www.econbiz.de/10009363842
to deal with the challenge of the unprecedented surge in external capital inflows into India. The final section outlines … India in macroeconomic policy and coping with a weak international economic environment. …
Persistent link: https://www.econbiz.de/10009363919
The objective of this paper is to explore how the external balance of the United States (US) might evolve in future years as the economy emerges from the recession. We examine the issue from the domestic perspective of the saving and investment balance and from the external side in terms of the...
Persistent link: https://www.econbiz.de/10009365158
The results highlight the conflicting interests of countries — to stabilize exchange rates or to keep the option of exchange rate depreciation in order to maintain competitiveness of domestic tradable producers. With deepening integration in East Asia, however, the desire for exchange...
Persistent link: https://www.econbiz.de/10010901624
With the rise of the People’s Republic of China (PRC) as the world’s largest trading nation (measured by trade value) and second largest economic power (measured by GDP), its economic influence over the neighboring emerging economies in East Asia has also risen. The PRC introduced...
Persistent link: https://www.econbiz.de/10011134348