Suchergebnisse

'Asia, like other continents outside Western Europe and North America, was poor and considered a least-hope region for breaking the poverty trap in post WWII. However, Asia has surprisingly become the most dynamically growing region in the world in the recent decades with extraordinary speed and scale. This book is an insightful study of the root causes and strategic policy framework of Asia's development success. It provides convincing analyses to show that other lower-income countries can learn useful lessons from Asia to achieve their aspiration for prosperity. The book is a must-read for all policy makers and students in the developing world and international development institutions.' (Justin Yifu Lin, Peking University, China and formerly Chief Economist and Senior Vice President of the World Bank). -- 'There are many studies that attempt to explain the rapid rise of the economies of East and South Asia. Only a few of these studies base their analysis on a systematic quantitative comparison of the sources of growth in East and South Asia and none do so with more rigor than this work by Professor Vu Minh Khuong. The study is a major contribution to our understanding of these important economies' performance.' (Dwight Perkins, Harvard Kennedy School, US). -- 'The astonishing rise of Asia over the past decades is transforming the world economy and changing the balances in global politics. In this book, Professor Vu Minh Khuong provides an in-depth study of the drivers of growth in sixteen Asian economies based on solid empirical analyses. While successful growth relies heavily on investment, technology catch-up and openness to trade, Professor Vu emphasizes the decisive importance of enlightened leadership that creates a favourable environment for countries to prosper.' (Marcel Timmer, University of Groningen, The Netherlands).

Since the launch of economic reforms in China in 1978 and Vietnam in 1986, both countries have made impressive achievements. However, the two countries have experienced a notable divergence in growth, even though the context and characteristics of their reforms were broadly similar. This paper documents three principal findings: (1) China and Vietnam were similar in their initial conditions and approaches to reform and economic management; (2) the growth divergence between the two countries is substantial not only quantitatively but also qualitatively, and the growth gap widened during good times, when both the countries enjoyed accelerated growth; and (3) the growth divergence between China and Vietnam can be explained mainly by considerable disparity in government effectiveness rather than by a significant gap in the quality of institutions or human capital. (CIJ/GIGA)

A comparison of the electricity sectors in 14 developing Asian economies (DAEs) shows that DAEs are increasingly relying on coal to meet electricity needs; East Asian economies generally perform better than the world median on operational efficiency; and South Asian economies are below world medial levels on both the two measures. (East Asian Pol/GIGA)