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Openness and Growth in East Asia After The Asian Crisis
Oleh:
MacLaren, Donald
;
Lloyd, P. J.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Asian Economics vol. 11 no. 1 (2000)
,
page 89-106.
Topik:
GROWTH
;
growth
;
crisis
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ50.5
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Openness with respect to trade in goods, services and foreign direct investment has a positive marginal effect on growth. The fast - growing East Asian economies were early openers, and this contributed to their fast growth. However, East Asian countries are not relatively open today. This factor, together with the convergence effect of fast growth in the past, imply that their economies will slow down. Their growth prospects are further reduced by growing geographic discrimination against their goods and services in world markets, and the slow down of the Japanese economy.
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