finds that Asia''s remarkable output growth over the past 40 years reflected both high investment, and rapid productivity …This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It … encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a …

countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth …

Integration had to do with a desire to reduce Asia's susceptibility to shocks, particularly financial shocks. There was also a … broader sense that Asia had to be more self-reliant and gain fuller control over its destiny. The objectives are about growth …, about greater trade integration, about spurring greater cross-border flows of investment within Asia, and about promoting …

corporate balance sheets in much of Asia: the IMF was unaware of the extraordinary leverage of Korean companies, which in some …

, explain a large part of the diversity in savings behavior in Asia across eight countries as well as over time. Inflation and …

developing Asia and relates this activity to the growth of the foreign debt of these countries. It is argued that the relatively …