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Innovative East Asia : The Future of Growth

  • Shahid Yusuf
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    This is the main volume in a series of publications based on a study cosponsored by the government of Japan and the World Bank to examine the future sources of economic growth in East Asia. The study was initiated in 2000 with the objective of identifying the most promising path to development in light of emerging global and regional changes, signaled by the crisis of 1997-98 and the challenges faced by the crisis-hit countries as they sought to resume rapid growth. This volume explores each issue and consequent policy choices in greater detail. The principal message is that sustained economic growth in East Asia will rest on retaining the strengths of the past -stability, openness, investment, human capital development- on overcoming the sources of current weakness in financial, corporate, judicial, and social sectors, and on implementing the changes required by the evolving economic environment. East Asia needs to sustain its hard-earned stability by recalibrating its fiscal and exchange rate policies. Strengthening social safety nets and governance, and invigorating financial, regulatory, and legal institutions. Yet these are only preconditions; future economic performance will depend on keying growth to productivity.

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    This book is provided by The World Bank in its series World Bank Publications with number 15158 and published in 2003-03.
    ISBN: 0-8213-5356-X
    Handle: RePEc:wbk:wbpubs:15158
    Contact details of provider: Postal: 1818 H Street, N.W., Washington, DC 20433
    Phone: (202) 477-1234
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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

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    1. Xinpeng Xu & Ligang Song, 2000. "Export similarity and the pattern of East Asian development," Chapters, in: China in the Global Economy, chapter 9 Edward Elgar.
    2. Alwyn Young, 2000. "The Razor's Edge: Distortions and Incremental Reform in the People's Republic of China," NBER Working Papers 7828, National Bureau of Economic Research, Inc.
    3. repec:oup:qjecon:v:115:y:2000:i:4:p:1091-1135 is not listed on IDEAS
    4. Reinhart, Carmen & Kaminsky, Graciela, 2000. "Las crisis gemelas: las causas de los problemas bancarios y de balanza de pagos
      [The twin crises: Te causes of banking and balance of payments problems]
      ," MPRA Paper 13842, University Library of Munich, Germany.
    5. repec:cto:journl:v:21:y:2002:i:3:p:395-414 is not listed on IDEAS
    6. Yeats, Alexander, 1997. "Does Mercosur's trade performance raise concerns about the effects of regional trade arrangements?," Policy Research Working Paper Series 1729, The World Bank.
    7. Shahid Yusuf & Simon Evenett & Weiping Wu, 2001. "Facets of Globalization : International and Local Dimensions of Development," World Bank Publications, The World Bank, number 14014.
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