An East Asian Renaissance

Ideas for Economic Growth

Gill, Indermit Kharas, Homi

Indermit Singh Gill, Homi J. Kharas

ISBN: 9780821367476
Format: Paperback
Publisher:World Bank Publications
Edition: illustrated edition

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This book explores the future of East Asia's middle-income countries. Without the advantages of low wages or high skills, and with limited natural resources, East Asian economies are following a new path of regional integration, led by China. Along this path, policy makers must manage a migration of 2 million per month to East Asian cities…

East Asia is a very different region today as compared with the early nineties, the place described in the book "The East Asia Miracle", previously published by the World Bank. China has emerged as the biggest development story during the nineties even as the region was wracked by the most severe economic crisis of the decade. While the rest of the world is trying to adjust, East Asia has already changed from a set of countries that rapidly integrated with the world to a region that is also aggressively exploiting the sources of dynamism that lie within Asia. The challenge now is to complement international with domestic integration. This book assesses the options for ensuring that East Asia's "third integration" is as potent as the first two.

Ideas for Economic Growth

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