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Author:Crafts, N.
Title:Asia's miracle: They think it's all over - It need not be yet.
Journal:Economic Outlook
1998 : NOV, VOL. 23:1, p. 11-21
Index terms:Economic conditions
Far East
Freeterms:East Asia
Language:eng
Abstract:The author states that the crisis in East Asia is essentially financially a financial crisis and, as such, reflects failures of regulation and macroeconomic policy rather than a slowdown in underlying growth potential. GDO/hour worked is still well below European levels. There remains considerable scope for strong growth based on further catch up provided that the financial crises are resolved satisfactorily.
SCIMA record nr: 184873
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