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A Lot of Reason Why We Should Invest More in East Asia

Author

Listed:
  • Fukunari KIMURA

    (Faculty of Economics, Keio University, Japan Economic Research Institute for ASEAN and East Asia (ERIA))

  • Soji SAMIKAWA

Abstract

Although the impact of financial crisis originated from North America and Europe has come to East Asia through both the financial link and the real economy link, the East Asian countries have so far largely responded to it calmly and cautiously. There are now a lot of reasons wy we should invets more in East Asia not only for providing short-run stimulus but also for strengthening long-run growth basis. The introduction of market forces in infrastructure development in the form of public-private partnership (PPP) is delayed in East Asia and is thus to be promoted. However, the importance of public initiative including official development assistance (ODA) and other official flows (OOF) must be emphasized in recession.

Suggested Citation

  • Fukunari KIMURA & Soji SAMIKAWA, 2009. "A Lot of Reason Why We Should Invest More in East Asia," Working Papers p003, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:p003
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    File URL: http://www.eria.org/ERIA-PB-2009-03.pdf
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