Showing 1 - 10 of 128
Abstract As the East Asian economic crisis has unfolded over the last six months, it has become common place for informed Western commentators to suggest that the crisis has essentially been caused by the specific model of capitalism -- the so-called “Asian model”-- that these countries had...
Persistent link: https://www.econbiz.de/10011259620
With the economic crisis in East Asia and a continuing boom in the US, American triumphialism is in the air. The latter is perhaps not unexpected and probably does no harm. But what is more questionable is the view held in the highest circles in the US Government and international financial...
Persistent link: https://www.econbiz.de/10011259834
The reversal of capital flows from the banking sector, rather than portfolio equity investment, has long been considered a main reason for the severity of the East Asian financial crisis of the late 1990s. This study analyzes the factors behind the boom and bust of bank lending, focusing on...
Persistent link: https://www.econbiz.de/10005019451
Why have so few countries in Sub-Saharan Africa been successful in export-oriented manufacturing? This paper uses firm-level data from the World Bank’s Enterprise Surveys to discuss this. The paper shows that although firms in most African countries are relatively unproductive, they are more...
Persistent link: https://www.econbiz.de/10009422089
The main purpose of this paper is to provide a brief survey for the progress and prospects of regional financial arrangements/cooperation among the East Asian nations and present the summary of various conflicting points of discussion about the strategies on the establishment of an effective...
Persistent link: https://www.econbiz.de/10009647202
The author provides an alternative for the rationale for South-South trade as a vehicle for industrialization and development of developing countries in Asia-Pacific region as the literature on this issue is not satisfactory. Further, refuting the “de-coupling” thesis—that is, the East...
Persistent link: https://www.econbiz.de/10008694146
Arguing that the theoretical literature on South-South trade is not satisfactory, the author provides an alternative framework and rationale for the South-South trade as a vehicle for industrialization and development of developing countries. He also applies this framework to developing...
Persistent link: https://www.econbiz.de/10008727911
The spaghetti bowl phenomenon expected from the proliferating East Asian regional trade agreements (RTAs) is worrisome. In particular, the complicated web of hub-and-spoke type of overlapping free trade agreements (FTAs) can result in high costs for verifying rules of origin (RoO). As an...
Persistent link: https://www.econbiz.de/10005790322
The spread of regional trade agreements (RTAs) is strongly motivated by the desire for more foreign direct investment (FDI) flows. The net benefits from freer capital flows are expected to trigger a domino effect of new regionalism. However, this is still an empirical question to be tested,...
Persistent link: https://www.econbiz.de/10005790418
Rapid growth in a number of East Asian economies over the last three decades has been facilitated by an effective strategy of human resource development. The principal element of this strategy has been to provide basic education and health to a wider segment of society. This strategy helped...
Persistent link: https://www.econbiz.de/10005835648