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East Asia Update, April 2004: Strong Fundamentals to the Fore

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dc.contributor.authorWorld Bank
dc.date.accessioned2020-03-31T20:49:00Z
dc.date.available2020-03-31T20:49:00Z
dc.date.issued2004-04
dc.description.abstractThis report looks at three sets of issues underlying the present cyclical moment and the outlook for East Asia. First, the evolution of the world economy is always relevant in as open and globally integrated a region as East Asia. Japan's economy seems to have finally returned to broad-based and sustainable growth, while the U.S. economy is growing at 4-5 percent. Global high technology industries appear to have returned to a phase of multi-year expansion (no doubt with quarter to quarter fluctuations). Rising world demand has helped pull primary commodity prices sharply higher, a boon to some of the low-income, commodity exporters in the region, if not to their more industrially developed, commodity importing neighbors. The second set of issues centers on the emergence of China as the economic powerhouse of the region, its rapid integration with other Asian economies and the region wide opportunities, risks and policy challenges that are coming up as a result. Over the last decade the structure of intra-East Asian trade with China has been transformed by the emergence of intricate and sophisticated production networks between countries. For two years now the boom in the Chinese economy has contributed around half the export growth in many other East Asian economies. A third set of issues in this report are the policy efforts undertaken by countries to address domestic challenges as well as international and regional ones. While domestic and foreign direct investment is booming in economies like China and Vietnam, it has only just begun to recover in Thailand, and remains weak in several of the other economies hit by the 1997-98 financial crisis.en
dc.identifierhttp://documents.worldbank.org/curated/en/123321468010874166/Strong-fundamentals-to-the-fore-regional-overview
dc.identifier.doi10.1596/33504
dc.identifier.urihttps://hdl.handle.net/10986/33504
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPOVERTY REDUCTION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectBUSINESS CYCLE
dc.subjectECONOMIC RECOVERY
dc.subjectCOMMODITY PRICES
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectCAPITAL FLOWS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectINVESTMENT CYCLE
dc.subjectFINANCIAL SECTOR REFORM
dc.subjectCORPORATE RESTRUCTURING
dc.subjectDEMOGRAPHICS
dc.titleEast Asia Update, April 2004en
dc.title.subtitleStrong Fundamentals to the Foreen
dc.typeSerialen
dc.typeSérielfr
dc.typeSeriales
dspace.entity.typePublication
okr.date.disclosure2004-09-15
okr.date.doiregistration2025-05-09T11:28:01.915825Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/123321468010874166/Strong-fundamentals-to-the-fore-regional-overview
okr.guid123321468010874166
okr.identifier.externaldocumentum000090341_20040915134952
okr.identifier.internaldocumentum5129821
okr.identifier.report28798
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/123321468010874166/pdf/287980EAP1Regional1Overview1Apr04.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.geographicalEast Asia
okr.region.geographicalOceania
okr.topicFinance and Financial Sector Development::International Financial Markets
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Employment and Shared Growth
okr.unitOffice of the Regional Vice Pres (EAPVP)
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