Crafts, Nicholas (1999) Implications of financial crisis for East Asian trend growth. Oxford Review of Economic Policy, 15 (3). pp. 110-131. ISSN 1460-2121
Full text not available from this repository.Abstract
The article sets the Asian financial crisis in the context of the developmental state model of Asian development and sees it as, in part, the downside risk of a financial liberalization that was badly handled but nevertheless appropriate as a stimulus to better productivity performance. The East Asian economies are shown still to have a large labour productivity gap with the leading OECD countries and substantial scope for further rapid catch-up growth. Historical experience suggests that the policy response to the crisis is fundamental not only to immediate recovery prospects but also to realizing this remaining fast growth potential.
| Item Type: | Article |
|---|---|
| Official URL: | http://oxrep.oxfordjournals.org/ |
| Additional Information: | © 1999 Oxford University Press and the Oxford Review of Economic Policy Limited |
| Divisions: | Economic History |
| Subjects: | J Political Science > JQ Political institutions Asia, Africa, Australia, Pacific |
| Date Deposited: | 17 Feb 2010 15:39 |
| Last Modified: | 13 Sep 2024 21:14 |
| URI: | http://eprints.lse.ac.uk/id/eprint/7341 |
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