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The Asian economy: current state of play and future prospects

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  • Dilip K. Das

Abstract

The global financial crisis, the so-called great world recession and recovery have had a serious impact on the Asian and global economies. Together, they managed to engender significant transformation in the contours of both the Asian and global economies. For instance, Asian economies presently depend less on markets in the advanced industrial economies and, due to their enlarging markets, can and did make a substantive contribution to the global recovery. They spearheaded the economic recovery from the global financial crisis. The post-crisis Asian economy is the third pole of the global economy. Significantly, the emerging market economies of Asia did not magnify the external shock this time and performed more like the advanced industrial economies. After a robust recovery in 2010, growth became somewhat subdued in 2011. Projections show that economic performance in the region in 2012 will not be very different from that in 2011 (see WB [World Bank] 2012).

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  • Dilip K. Das, 2012. "The Asian economy: current state of play and future prospects," Asia Pacific Business Review, Taylor & Francis Journals, vol. 18(3), pages 441-447, April.
    • Handle: RePEc:taf:apbizr:v:18:y:2012:i:3:p:441-447
    DOI: 10.1080/13602381.2012.687618
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    References listed on IDEAS

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    1. Barry Eichengreen, 2010. "Lessons of the crisis for emerging markets," International Economics and Economic Policy, Springer, vol. 7(1), pages 49-62, May.
    2. Didier, Tatiana & Hevia, Constantino & Schmukler, Sergio L., 2011. "How resilient and countercyclical were emerging economies to the global financial crisis ?," Policy Research Working Paper Series 5637, The World Bank.
    3. Dilip K. Das, 2008. "The Chinese Economic Renaissance," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-22744-6, December.
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    Cited by:

    1. Yuliani Suseno & Chris Rowley, 2018. "Taking stock of social capital research: its application in service-oriented firms," Asia Pacific Business Review, Taylor & Francis Journals, vol. 24(2), pages 138-149, March.

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