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Using the "trilemma indexes" developed by Aizenman et al. (2008) that measure the extent of achievement in each of the three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - this paper examines how policy configurations affect macroeconomic...
Persistent link: https://www.econbiz.de/10003913743
The pullbacks of capital inflows to developing Asia following the onset of the global financial crisis in 2008 have … brought renewed attention to the role and benefits of financial globalization. A number of notable distinctions between the …
Persistent link: https://www.econbiz.de/10003913748
particular, technological change in GVCs that is biased toward knowledge-intensive activities is important in accounting for the …
Persistent link: https://www.econbiz.de/10011579588
Persistent link: https://www.econbiz.de/10011880549
This paper argues that the single most important factor that explains East Asia's development success was its fast … the "engine of growth." It is in the context of industrialization that openness played an important role in East Asia … exchange) and industrialization. Part 2 of the paper reviews the role of Asia's developmental states in consciously …
Persistent link: https://www.econbiz.de/10011880565
Global value chains (GVCs) have been a vehicle for job creation in developing Asia, but there is mounting concern that … consumption, trade, and technological advances in 12 economies that accounted for 90% of employment in developing Asia during the …
Persistent link: https://www.econbiz.de/10011979455
Asian economies and between Asia and the rest of the world. It pays special attention to the value-added relationships among … than the direct linkages. Finally, there is an increased tendency in Asia for both "near selling" of the value added in …
Persistent link: https://www.econbiz.de/10013373223
Two trends on yields have been observed for rice, wheat, and even edible oils in Asia. The deceleration of yield growth … in agriculture; (ii) getting the mix of institutions right; and (iii) gearing up for globalization. The role of …
Persistent link: https://www.econbiz.de/10010192318
in arresting continuing environmental degradation in the Asia and Pacific region. Quoting examples, the paper asserts …
Persistent link: https://www.econbiz.de/10003758443
). This paper examines the competitive position of suppliers from developing Asia in the expanded EU clothing market relative …
Persistent link: https://www.econbiz.de/10003758447