Green Services and Emergence and Recovery from the Global Economic Slowdown in Developing Asian Economies
The global economic slowdown has again highlighted the vulnerability of export-led development models and economies to downturns in export markets. Economic deepening or â€œrebalancingâ€ with an emphasis on service-sector development should beâ€”and is becomingâ€”one long-term response to the crisis by Asiaâ€™s emerging economies. In the long run, sustainable economic development will depend in part on achieving a â€œgreenâ€ trajectory of service sector development, in which services help green the â€œproduct economy.â€ [ADBI Working Paper 209]
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