Gaiha, Raghav; Katsushi S, Imai; Thapa, Ganesh; Kang, Woojin
Recent debates on a sustainable recovery of the global economy have tended to overemphasise the 'savings glut' hypothesis and the unavoidable imperative of higher consumption in China and other emerging Asian countries. That oversaving and not underinvestment is coming in the way of a quicker and more durable recovery is not just simplistic but misleading from a medium-term growth perspective for emerging Asian countries and other developing countries in this region. Drawing upon country panel...[Show more]
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