Global Challenges and Local Responses: The East Asian Experience (Routledge Studies in the Modern World Economy)
Global Challenges and Local Responses: The East Asian Experience (Routledge Studies in the Modern World Economy)

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This publication highlights a regional slowdown in GDP growth. It argues that the currency depreciation seen in several countries in the region could, if sustained, increase incentives for investment in tradeable sectors other than the region’s traditional exports (commodities), while redirecting expenditure to ease pressure on the current account. Growth-supporting industrial, trade, environmental, social and labour policies that take into account the needs of small and medium-sized enterprises, could help lessen the region’s structural heterogeneity. Growth combined with greater equality would thus gain economic and social sustainability, with greater reliance from investment and exports than before. It is argued that this combination would be aided by social covenants for investment.

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  • Released: November 16, 2020
  • Author: United Nations ECLAC,United Nations Publications
  • Rating: 4.9
  • Publisher: Ebook DIgital Agency
  • Total Page: 553 pages
  • File Size: 3670 KB
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