Publication: An East Asian Renaissance : Ideas for Economic Growth
Date
2007
ISSN
Published
2007
Author(s)
Abstract
The region has been transformed by these
developments, changing from a set of countries that rapidly
integrated with the world to one that is also aggressively
exploiting the sources of dynamism that lie within Asia. But
countries in East Asia now face the domestic side-effects of
rapid growth driven by international integration:
congestion, conflict, and corruption. The challenge now is
to complement global and regional integration with domestic
integration. This requires ensuring vibrant cities that are
not only linked to the outside world but also
well-integrated domestically, strengthening social cohesion
and reducing inequality, and providing clean governments
which efficiently reinvest the economic returns that
accompany fast growth.
Citation
“Gill, Indermit; Kharas, Homi. 2007. An East Asian Renaissance : Ideas for Economic Growth. © Washington, DC: World Bank. http://openknowledge.worldbank.org/handle/10986/6798 License: CC BY 3.0 IGO.”