search query: @author Fletcher, M. / total: 13
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| Author: | Fletcher, M. |
| Title: | Paying the price |
| Journal: | Asiaweek
1996 : DEC, VOL. 22:52, p. 80-81 |
| Index terms: | ASIA GROWTH ECONOMIC CONDITIONS |
| Language: | eng |
| Abstract: | As 1996 edged its way into history, Asia focused on one question: Is the economic miracle losing steem? That might seem like an idle worry, with most growth rates still at least twice as high as those in the West. But there is a price for nearly a decade for fast-paced growth. That price: widening current-account deficits, rising labor costs and weakening productivity. Hardest hit was Thailand. Its stock market fell to a three-year low, weighed down by weak political leadership. Slower growth raised the specter of bad debts, especially in property. |
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