Developing Asia has exhibited rapid growth while saddled with relatively backward financial systems. One might conclude … that the coexistence of sustained rapid growth and financial underdevelopment in developing Asia implies that an efficient … financial sector is not indispensable for economic development. A more considered view would be that developing Asia grew …

globalization in Asia. There is little evidence that financial globalization has had a positive impact on growth for the world as a … for Asia. Perhaps the most striking difference between the results for Asia and for the larger sample of countries relates … prevalent in the group of East Asian countries than for emerging Asia or Asia as a whole. …

services sector, has made services sector development a top priority for developing Asia. Our central objective is to broadly …

for Asia's developing countries still in transition and to provide them with policy recommendations for avoiding the …