East Asian export growth and prospects
The paper addresses the question of whether deceleration in Asian exports is a permanent ground shift or a passing phase. It finds that the 1998 deceleration will not be permanent, rather it has been caused by the structural, cyclical and country-specific problems and subsequently exacerbated by the financial and currency crisis. With time, and as financial sector restructuring, structural adjustments and skills development proceed, Asian export growth is likely to resume. As for growth rates,...[Show more]
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