Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109384
Authors: 
Akyüz, Y¸lmaz
Year of Publication: 
2011
Series/Report no.: 
ADB Economics Working Paper Series 242
Abstract: 
The global economic crisis has revealed that growth in East Asia is highly vulnerable to slowdown in exports to major advanced economies. This paper shows that in precrisis years, at least one third of growth in the People's Republic of China was due to exports, and this proportion was even higher in most other East Asian economies. In the coming years the region may not be able to go back to rapid export-led growth because of sluggish growth and high unemployment in advanced economies, and the need to reduce trade imbalances in order to secure global stability and avoid frictions in the trading system. It will be necessary not only to rebalance domestic and external components of demand, but also to embark on industrial restructuring necessitated by a shift from export-led growth to growth led by domestic demand and intraregional trade.
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

Files in This Item:
File
Size
513.16 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.