1945

Integration and industrialization in East Asia

During the past two decades, the economic performance of Japan and a small group of rapidly growing East Asian countries, including the Republic of Korea, Taiwan Province of China, Hong Kong and Singapore (collectively identified as the first-tier newly industrializing economies, NIEs) has attracted considerable attention. More recently, strong growth in a second tier of (South- East) Asian industrializing countries (Indonesia, Malaysia and Thailand) and the re-emergence of China in the world economy have added weight to the idea of a wave of industrial development spreading across a much wider region and focused attention on East Asia1 as a new growth pole in the world economy.

Related Subject(s): International Trade and Finance
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