The Global Economic Crisis and Rebalancing Growth in East Asia

Yung Chul Park
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Yung Chul Park: Asian Development Bank Institute

No 31, ADBI Policy Briefs from Asian Development Bank Institute

Abstract: Asia has staged an impressive turnaround in 2009, but it is unclear whether the recovery can be self sustaining even if the United States and Europe fail to pull themselves out of the current recession. This policy brief discusses the impact of the global financial crisis on emerging Asia and seeks to articulate the rationale behind the policy changes and reform necessary to return East Asia to the path of pre-crisis growth.

Keywords: financial crisis growth asia; emerging asia economic recovery; rebalancing growth east asia (search for similar items in EconPapers)
JEL-codes: F00 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2009-12-15
New Economics Papers: this item is included in nep-fdg and nep-sea
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