Global Linkages & Eco Rebalan East Asia

By: Kinkyo Takuji

Book Overview

In the wake of the global financial crisis, leading industrialized countries have managed to show only a gradual recovery, while East Asian economies have surged ahead. In particular, China achieved growth in excess of 10% in 2010 and is expected to continue growing at a rapid pace. It appears that in the coming years, East Asia will play an even greater role as a growth center leading global economic expansion. Following the Asian currency crisis of 1997-98, consumption and investment in the region decreased considerably, and East Asian economies recovered on the strength of exports. Presently, however, amid a less-than-robust recovery in the US and Europe, the sustainability of East Asia's reliance on export-led growth has been called into question. The region's transition to growth based on a balance of foreign and domestic demand is important for both building a stronger foundation for sustainable growth and buttressing global economic expansion. Moreover, the rebalancing of demand in East Asia holds the key to rectifying global current account imbalances -- the disadvantage of uneven international capital flows. This unique volume illuminates policy issues involved in the efforts to promote the rebalancing of demand in East Asia.

• Format: Paperback
• Language: English
• ISBN: 9813224835
• ISBN13: 9789813224834
• Release Date: December 2012
• Publisher: World Scientific Publishing Company
• Length: 236 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"