Kharas, HomiGill, IndermitBhattasali, DeepakBrahmbhatt, MilanDatt, GauravHaddad, MonaMountfield, EdwardTatucu, RaduVostroknutova, Ekaterina2012-05-312012-05-312007978-0-8213-6747-6https://hdl.handle.net/10986/6798The 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.en-USCC BY 3.0 IGOACCORDACCOUNTINGAPPARELAPPLICABLE LAWAVERAGE TARIFFSBUSINESS ENVIRONMENTCAPITAL ACCOUNTCAPITAL ADEQUACYCAPITAL FLOWSCAPITAL MARKETSCIVIL SERVICECOMMODITY COMPOSITIONCOMMON MARKETCOMPARATIVE ADVANTAGECONSTANT RETURNS TO SCALECONSUMER DURABLESCONTROL OF CORRUPTIONCONVERGENCECURRENCYDEBTDEBT CRISISDECENTRALIZATIONDEVELOPMENT STRATEGIESDIFFERENTIATED PRODUCTSDOMESTIC FIRMSDOMESTIC INNOVATIONECONOMIC CONDITIONSECONOMIC CONVERGENCEECONOMIC CRISISECONOMIC GEOGRAPHYECONOMIC GROWTHECONOMIC PERFORMANCEECONOMIC POLICYECONOMIC RENTSECONOMIC THEORIESECONOMIC TRADE AGREEMENTSECONOMIES OF SCALEEMPLOYMENTENVIRONMENTAL STANDARDSEUROPEAN UNIONEXCHANGE RATESEXPORT INDUSTRIESEXPORT MARKETEXPORTERSEXPORTSEXTERNALITIESFACTOR ENDOWMENTSFINANCIAL CRISISFINANCIAL MARKETSFINANCIAL SECTORFIXED COSTSFOREIGN AFFILIATESFOREIGN ASSETSFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN FIRMSFOREIGN INVESTMENTFOREIGN INVESTORSFOREIGN TECHNOLOGYFOREIGN TRADEFREE TRADEFREE TRADE AGREEMENTFREE TRADE AGREEMENTSGDPGLOBAL ECONOMYGLOBAL INTEGRATIONGLOBAL PRODUCTIONGOVERNMENT EXPENDITURESGROSS DOMESTIC PRODUCTGROWTH MODELSGROWTH STRATEGIESGROWTH THEORYHUMAN CAPITALIMPERFECT COMPETITIONINCOMEINCOME COUNTRIESINCOME DISTRIBUTIONINCOME LEVELSINCREASING RETURNSINTERMEDIATE GOODSINTERNATIONAL BANKINTERNATIONAL TRADEINTRAINDUSTRY TRADEINTRAREGIONAL EXPORTSINTRAREGIONAL TRADEINVESTMENT CLIMATEINVESTMENT FLOWSKNOWLEDGE ECONOMYKNOWLEDGE SPILLOVERSLABOR MARKETSLABOR MOBILITYLABOR STANDARDSLARGE CITIESLEGAL STATUSLOW-INCOME COUNTRIESWorld Bank10.1596/978-0-8213-6747-6