By almost any standard, the countries of East Asia have outperformed other developing countries over the past three decades. While there is no "Asian Model" of development, there are some common threads that run through the development experiences of East Asian countries. These include an...

Pakistan achieved high rates of economic growth from the mid-1970s. Growth was faciitated by the external circumstances that relaxed the balance-of-payments constraints. However, growth was not accompanied by an improved social development Moreover, as the external circumstances worsened, the...

Pacific Asia is deep rooted in its cultural heritage and historical background, which have set the tone for regions success. These same factors also have created rather different trading practices, compared with those of the West - practices that are less transparent and full of hidden private...

Since 2000, Hawaii's economy has done relatively well over time and the state's per capita personal income is higher than the U.S. level both. Hawaii's poverty rate is also lower than the mainland's. But in the midst of this prosperity, Native Hawaiians have substaintially higher poverty rates....

During the past decade of economic turbulence, external shocks have had severe impacts on developing Asian countries. In particular, the two oil shocks and the subsequent recessions have had severe negative balance-of-payments effects on the oil-importing developing countries, while the recent...