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The article analyzes the limits of the IMF as a global multilateral economic agency to handle serious balance of payments disequilibria. Capital control and growth rates in developing Asia and the twin deficit problem of the United States are also discussed. It also assesses the probability of...
Persistent link: https://www.econbiz.de/10004977570
No abstract received.
Persistent link: https://www.econbiz.de/10004977566
This paper compares Michael Spence's Growth Theory with Professor Lim Chong Yah's Trinity Growth Theory. The similarities and the differences in the two approaches are brought out in explaining the superlative growth rates of economies in the world. The writer maintains that the Trinity Growth...
Persistent link: https://www.econbiz.de/10008485498
This paper attempts to explain why growth rates and why growth levels differ so much among the 17 economies in East Asia. The EGOIN theory, the Triple C Theory and the S Curve Theory are used in the explanation. The three hypotheses in the three cognate theories are also tested for their general...
Persistent link: https://www.econbiz.de/10005047177