콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Trade

Print

Export-led growth in East Asia : Lessons for Europe's transition economies

Related Document
Frame of Image
  • Export-led growth in East Asia
  • Kokko, Ari
  • Stockholm School of Economics(European Institute of Japanese Studies)


link
Title Export-led growth in East Asia
Similar Titles
Sub Title

Lessons for Europe's transition economies

Material Type Articles
Author(English)

Kokko, Ari

Publisher

[Stockholm]:Stockholm School of Economics(European Institute of Japanese Studies)

Date 2002-02
Pages 47
Subject Country Eastern Asia(Asia and Pacific)
Europe(Europe)
Language English
File Type Link
Subject Economy < Trade
Holding Stockholm School of Economics

Abstract

The focus of the economic policy debate in most of Europe’s transition economies has shifted from stabilization and recovery to growth and convergence during the last few years. This paper summarizes some of the growth experiences of East Asia, and discusses some lessons for Europe’s transition economies. The relevant lessons from Asia focus on the importance of sound macroeconomic policies and an outward oriented trade regime, and highlight the need for public support for the development of trade infrastructure, including institutions for export financing, insurance, market research, and technology transfer. The Asian experiences also suggest that there is reason to be cautious regarding the objective to fix nominal exchange rates during periods of high growth.