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The Dynamics of Economic Growth - Policy Insights from Comparative Analyses in Asia (Hardcover)
Loot Price: R3,394
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The Dynamics of Economic Growth - Policy Insights from Comparative Analyses in Asia (Hardcover)
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'Prof Vu's timely book provides an excellent analytical study of
the growth dynamics in Developing Asia, against the backdrop of a
secular shift in the centre of gravity of the global economy from
the West to the East. Indeed, his careful attention to data issues
and efforts to adapt the standard growth accounting methodology to
the Asian context sets an important benchmark for studies in this
field. The author's enunciation of a 'strategic (growth) policy
framework' with its critical elements of enhancing a country's
absorptive capacity and incentives for investment efficiency,
underscores the policy imperatives facing Developing Asia in the
quest for sustainable and inclusive long-term growth. This book
will prove an indispensable reference for policymakers.' - Edward
S. Robinson, Monetary Authority of Singapore The advancement of a
nation from poverty to prosperity is not a technical process but a
great transformation. At the center of this change are two driving
forces - emotion, which is referred to as aspiration, anxiety, and
sense of responsibility; and enlightenment, which is associated
with the freedom from dogmatism, open-mindedness, and the hunger
for learning. It is these two factors that have determined not only
the remarkable success of Asia in economic development but also the
uniqueness of its growth model. This book examines the rise of Asia
in the past two decades and draws lessons from its growth patterns.
Contents: Foreword by Dale W. Jorgenson Preface 1. Introduction 2.
Developing Asia in the Global Dynamics of Catching Up and Falling
Behind 3. The Rise of Asia 4. Sources of Developing Asia's Economic
Growth: Insights from the Standard Growth Accounting Approach 5.
Sustaining High Economic Growth in Developing Asia: Strategic
Insights and a Catch-up Policy Framework References Index
General
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