(Individual Documents, Papers, Books)
General
- High
performing Asian economies by Robert William Fogel. (Cambridge,
Mass. : National Bureau of Economic Research, 2004) (National Bureau
of Economic Research Working Paper Series ; no. 10752).
Between the mid-1960s and the end of the twentieth century, however,
many of the countries of South and Southeast Asia experienced vigorous
economic growth, some with growth rates far exceeding the previous growth
rates of the industrialized countries. Forecasts that the region's population
growth would outstrip its capacity to feed itself, and that its economic
growth would falter, proved to be incorrect. Growth rates will probably
continue at high levels in Southeast Asia for at least another generation.
This forecast is based on 4 factors: the trend toward rising labor force
participation rates, the shift from low to high productivity sectors,
continued increases in the educational level of the labor force, and
other improvements in the quality of output that are at present not
accurately measured in national income accounts.
Finance
-
Why Doesn't Asia Have Bigger Bond Markets? by Barry J Eichengreen
and Pipat Luengnaruemitchai. (Cambridge, Mass. : National Bureau of
Economic Research, 2004) (National Bureau of Economic Research Working
Paper Series ; no. 10576).
Proposes that the slow development of Asian bond markets is a phenomenon
with multiple dimensions. Larger country size, stronger institutions,
less volatile exchange rates, and more competitive banking sectors tend
to be positively associated with bond market capitalization. Asian countries'
strong fiscal balances have not been conducive to the growth of government
bond markets. The results suggest that the region's structural characteristics
and macroeconomic and financial policies account fully for differences
in bond market development between Asia and the rest of the world.
Labor
- Direct
investment, rising real wages and the absorption of excess labor in
the periphery by Michael P. Dooley, David Folkerts-Landau, and
Peter M. Garber. (Cambridge, Mass. : National Bureau of Economic Research,
2004) (National Bureau of Economic Research Working Paper Series ; no.
10626).
This paper sets out the political economy behind Asian governments'
participation in a revived Bretton Woods System. The overriding problem
for these governments is to rapidly integrate a large pool of underemployed
labor into the industrial sector. The principal constraints are inefficient
domestic resource and capital markets, and resistance to import penetration
by labor in industrial countries. The system has evolved to overcome
these constraints through export led growth and growth of foreign direct
investment. Periphery governments' objectives for the scale and composition
of gross trade in goods and financial assets may dominate more conventional
concerns about international capital flows.
Trade
- Current
and Future Challenges for Asian Nonproliferation Export Controls : a
Regional Response by Scott Alan Jones. (Carlisle Barracks, PA
: Strategic Studies Institute, U.S. Army War College, 2004).
Discusses benefits of establishing a regional system of export control
standards and practices as a means to ensure not only economic parity,
but regional and international security as well.
- Intraregional
Trade in Emerging Asia by Harm Zebreges. (IMF policy discussion
paper; PDP/04/1).
Investigages the key factors behind the rapid increase in intraregional
trade among economies in emerging Asia and its implications for the
dependency of the economies in the region on the business cycles in
the EU, Japan, and the United States.
- Tight
Clothing : How the MFA Affects Asian Apparel Exports by Carolyn
L. Evans and James Harrigan. (Cambridge, Mass. : National Bureau of
Economic Research, 2004) (National Bureau of Economic Research Working
Paper Series ; no. 10250).
Analyzes how the Multifiber Arrangement (MFA), a system regulating
bilateral tariffs and quotas, affects the sources and prices of U.S.
apparel imports, with a particular focus on the effects of East Asian
exporters during the 1990s.
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