Globalisation and the Asiaâ€“Pacific Revival
This paper reviews evidence on the evolution of international economic integration of Asiaâ€“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 Asiaâ€“Pacific international economic integration and growth relative to other regions of the world. The causes of the growth acceleration in the Asiaâ€“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.
Volume (Year): 5 (2004)
Issue (Month): 2 (April)
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