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Globalisation and the Asia–Pacific Revival

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  • Arne Bigsten

Abstract

This paper reviews evidence on the evolution of international economic integration of Asia–Pacific countries, and discusses the extent to which this explains their recent growth success. It starts with a review of some theoretical arguments in the growth and globalisation debate, which is followed by a presentation of facts about Asia–Pacific international economic integration and growth relative to other regions of the world. The causes of the growth acceleration in the Asia–Pacific region are then discussed, with reflections on the relationships between policy reforms, openness, and per capita income growth. Finally, some tentative conclusions are drawn about future growth in the region.

Suggested Citation

  • Arne Bigsten, 2004. "Globalisation and the Asia–Pacific Revival," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 5(2), pages 33-55, April.
  • Handle: RePEc:wej:wldecn:171
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    4. Akerlof, George A, 1991. "Procrastination and Obedience," American Economic Review, American Economic Association, vol. 81(2), pages 1-19, May.
    5. repec:cup:apsrev:v:87:y:1993:i:03:p:567-576_10 is not listed on IDEAS
    6. Wintrobe,Ronald, 1998. "The Political Economy of Dictatorship," Cambridge Books, Cambridge University Press, number 9780521583299, March.
    7. Abhijit V. Banerjee, 1992. "A Simple Model of Herd Behavior," The Quarterly Journal of Economics, Oxford University Press, vol. 107(3), pages 797-817.
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