The External Stresses

Chi Lo

Chapter 6 in Phantom of the China Economic Threat, 2006, pp 111-132 from Palgrave Macmillan

Abstract: Abstract Foreign capital inflows to Asia are normally seen as an external force to help strengthen the region’s structural underpinning by bringing in market discipline and management technology. This should, in turn, help fortify Asia’s immunity to future economic crises. However, one should distinguish between foreign direct investment inflows and foreign portfolio inflows. The latter has had a dark side in distorting Asia’s structural reforms and, thus, contributing to its vulnerability to a future crisis.

Keywords: Interest Rate; Current Account; Current Account Deficit; Asian Economy; Fiscal Deficit (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62629-4_6

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DOI: 10.1057/9780230626294_6

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