East Asian Growth Before and After the Crisis

This paper surveys the literature on the growth performance of the east Asian economies in recent decades, evaluates the sustainability of that performance, and provides a preliminary assessment of their long-term growth prospects in the aftermath of the current crisis. It highlights three special a...

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Bibliographic Details
Main Author: Crafts, N.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1998
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a East Asian Growth Before and After the Crisis  |c N. Crafts 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1998 
300 |a 45 pages 
651 4 |a Taiwan Province of China 
653 |a Public expenditure review 
653 |a Labour; income economics 
653 |a Public finance & taxation 
653 |a Productivity 
653 |a Capital and Total Factor Productivity 
653 |a Cost 
653 |a Industrial productivity 
653 |a Production 
653 |a Skills 
653 |a Total factor productivity 
653 |a Labor 
653 |a National Government Expenditures and Related Policies: General 
653 |a Expenditure 
653 |a Labor Productivity 
653 |a Macroeconomics: Production 
653 |a Economic History: Financial Markets and Institutions: Asia including Middle East 
653 |a Labor Economics: General 
653 |a Expenditures, Public 
653 |a Macroeconomics 
653 |a Occupational Choice 
653 |a Capacity 
653 |a Labor productivity 
653 |a Economic History: Macroeconomics 
653 |a Human Capital 
653 |a Public Finance 
653 |a Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income and Wealth: Asia including Middle East 
653 |a Production and Operations Management 
653 |a Growth and Fluctuations: Asia including Middle East 
653 |a Labor economics 
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520 |a This paper surveys the literature on the growth performance of the east Asian economies in recent decades, evaluates the sustainability of that performance, and provides a preliminary assessment of their long-term growth prospects in the aftermath of the current crisis. It highlights three special aspects of east Asian growth: unusually high factor accumulation, a favorable demographic transition, and the impact of rapid growth on financial and other institutions. The paper argues that there are downside risks to the east Asian “developmental state” model, despite its favorable attributes, and that an alternative model may become more attractive as these economies mature