This book looks at the economic performance of East Asia over the past three decades in a unified way. The focus is on the common forces, generated by each country's policies, that jointly produced such successful outcomes. The role of macroeconomics and microeconomic factors are analyzed. For comparison, the same framework is used to examine the less successful performance of the Indian economy. The analysis emphasizes the significance of the ov...
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Contains a statement of balance-of-payments accounting, and a critical appraisal of balance-of-payments adjustment theory. The book also features chapters on the capital account of balance-of-payments...