There has been much discussion of the Newly Industrializing Countries (NICs) in recent years and various studies of their impact have been made. Much of the concern about NICs in the industrialized countries is however based on what they portend for the future rather than their present impact....

This ADB Institute study uses standard export indicators to determine (i) how export performance evolved during the emergence of the dynamic East-Asian trade-FDI nexus and (ii) whether successful trading economies were already starting to lose their competitiveness before the Asian crisis...