During the past few decades the economies of East and South East
Asia have grown at a significant rate, resulting in a large
proportion of the world's population being relieved from poverty in
a relatively short space of time. This unprecedented phenomena
underlines the importance of understanding the driving forces
behind the growth 'miracle' of East Asia. Yanrui Wu addresses some
of the most critical macroeconomic issues associated with East
Asian growth. Principally focusing on the most rapidly emerging
economies in the region, the author covers a broad base of topics.
Several determinants of growth are examined and in each case an
analytical framework is applied to empirical data. Specific themes
include: * economic openness and growth * stock market development
* intra-industry trade * growth engines in Singapore * productivity
growth in Taiwan * the Asian financial crisis. Employing both
cross-country analyses and case studies of individual economies,
this important new book substantially contributes to the many
debates surrounding economic growth in East Asia. The author's
concise yet absorbing style will appeal to economic researchers,
lecturers and students of economics, as well as business economists
and market analysts.
General
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