East Asia Update, April 2004 : Strong Fundamentals to the Fore
This report looks at three sets of issues underlying the present cyclical moment and the outlook for East Asia. First, the evolution of the world economy is always relevant in as open and globally integrated a region as East Asia. Japan's econ...
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/123321468010874166/Strong-fundamentals-to-the-fore-regional-overview http://hdl.handle.net/10986/33504 |
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okr-10986-335042021-04-23T14:05:20Z East Asia Update, April 2004 : Strong Fundamentals to the Fore World Bank POVERTY REDUCTION ECONOMIC GROWTH ECONOMIC OUTLOOK BUSINESS CYCLE ECONOMIC RECOVERY COMMODITY PRICES INTERNATIONAL CAPITAL MARKETS CAPITAL FLOWS FOREIGN DIRECT INVESTMENT INVESTMENT CYCLE FINANCIAL SECTOR REFORM CORPORATE RESTRUCTURING DEMOGRAPHICS This report looks at three sets of issues underlying the present cyclical moment and the outlook for East Asia. First, the evolution of the world economy is always relevant in as open and globally integrated a region as East Asia. Japan's economy seems to have finally returned to broad-based and sustainable growth, while the U.S. economy is growing at 4-5 percent. Global high technology industries appear to have returned to a phase of multi-year expansion (no doubt with quarter to quarter fluctuations). Rising world demand has helped pull primary commodity prices sharply higher, a boon to some of the low-income, commodity exporters in the region, if not to their more industrially developed, commodity importing neighbors. The second set of issues centers on the emergence of China as the economic powerhouse of the region, its rapid integration with other Asian economies and the region wide opportunities, risks and policy challenges that are coming up as a result. Over the last decade the structure of intra-East Asian trade with China has been transformed by the emergence of intricate and sophisticated production networks between countries. For two years now the boom in the Chinese economy has contributed around half the export growth in many other East Asian economies. A third set of issues in this report are the policy efforts undertaken by countries to address domestic challenges as well as international and regional ones. While domestic and foreign direct investment is booming in economies like China and Vietnam, it has only just begun to recover in Thailand, and remains weak in several of the other economies hit by the 1997-98 financial crisis. 2020-03-31T20:49:00Z 2020-03-31T20:49:00Z 2004-04 Serial http://documents.worldbank.org/curated/en/123321468010874166/Strong-fundamentals-to-the-fore-regional-overview http://hdl.handle.net/10986/33504 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper East Asia and Pacific East Asia Oceania |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
POVERTY REDUCTION ECONOMIC GROWTH ECONOMIC OUTLOOK BUSINESS CYCLE ECONOMIC RECOVERY COMMODITY PRICES INTERNATIONAL CAPITAL MARKETS CAPITAL FLOWS FOREIGN DIRECT INVESTMENT INVESTMENT CYCLE FINANCIAL SECTOR REFORM CORPORATE RESTRUCTURING DEMOGRAPHICS |
| spellingShingle |
POVERTY REDUCTION ECONOMIC GROWTH ECONOMIC OUTLOOK BUSINESS CYCLE ECONOMIC RECOVERY COMMODITY PRICES INTERNATIONAL CAPITAL MARKETS CAPITAL FLOWS FOREIGN DIRECT INVESTMENT INVESTMENT CYCLE FINANCIAL SECTOR REFORM CORPORATE RESTRUCTURING DEMOGRAPHICS World Bank East Asia Update, April 2004 : Strong Fundamentals to the Fore |
| geographic_facet |
East Asia and Pacific East Asia Oceania |
| description |
This report looks at three sets of
issues underlying the present cyclical moment and the
outlook for East Asia. First, the evolution of the world
economy is always relevant in as open and globally
integrated a region as East Asia. Japan's economy seems
to have finally returned to broad-based and sustainable
growth, while the U.S. economy is growing at 4-5 percent.
Global high technology industries appear to have returned to
a phase of multi-year expansion (no doubt with quarter to
quarter fluctuations). Rising world demand has helped pull
primary commodity prices sharply higher, a boon to some of
the low-income, commodity exporters in the region, if not to
their more industrially developed, commodity importing
neighbors. The second set of issues centers on the emergence
of China as the economic powerhouse of the region, its rapid
integration with other Asian economies and the region wide
opportunities, risks and policy challenges that are coming
up as a result. Over the last decade the structure of
intra-East Asian trade with China has been transformed by
the emergence of intricate and sophisticated production
networks between countries. For two years now the boom in
the Chinese economy has contributed around half the export
growth in many other East Asian economies. A third set of
issues in this report are the policy efforts undertaken by
countries to address domestic challenges as well as
international and regional ones. While domestic and foreign
direct investment is booming in economies like China and
Vietnam, it has only just begun to recover in Thailand, and
remains weak in several of the other economies hit by the
1997-98 financial crisis. |
| format |
Serial |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
East Asia Update, April 2004 : Strong Fundamentals to the Fore |
| title_short |
East Asia Update, April 2004 : Strong Fundamentals to the Fore |
| title_full |
East Asia Update, April 2004 : Strong Fundamentals to the Fore |
| title_fullStr |
East Asia Update, April 2004 : Strong Fundamentals to the Fore |
| title_full_unstemmed |
East Asia Update, April 2004 : Strong Fundamentals to the Fore |
| title_sort |
east asia update, april 2004 : strong fundamentals to the fore |
| publisher |
World Bank, Washington, DC |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/123321468010874166/Strong-fundamentals-to-the-fore-regional-overview http://hdl.handle.net/10986/33504 |
| _version_ |
1764478905634258944 |