Posted on April 29, 2013 by iMFdirect
By Anoop Singh
(Versions in 中文 and 日本語)
Emerging economies in Asia have weathered the global financial crisis relatively unscathed and appear to be on track for continued strong growth this year and the next. Perhaps because the region has been doing rather well, policymakers’ concerns have increasingly shifted towards medium-term risks: could growth and fast convergence to living standards in advanced economies—come to an end?
In fact, while the economic performance of emerging economies in Asia remains undoubtedly strong in international comparison, it has already shown signs of gradual weakening.
Filed under: Advanced Economies, Asia, Economic Crisis, Emerging Markets, Financial Crisis, growth, IMF, International Monetary Fund | Tagged: China, IMF, iMFdirect, India, International Monetry Fund, Korea, Labor, middle income countries, reform, Singapore, Taiwan, Thailand, the Philippines | Leave a Comment »
Posted on March 22, 2010 by iMFdirect
(Version in 日本語)
Like geese flying in formation, the successive waves of Asian countries achieving economic takeoff and emerging or developed market status, has been likened to those migratory birds in flight. If this model is accurate, more Asian geese are set to join the flock of economically successful nations.
The “Flying Geese Paradigm” or ganko keitai was first conceived of by Japanese economist, Kaname Akamatsu in the 1930s as a way of explaining East Asian industrial development. According to Akamatsu, the lead goose in the formation, was Japan. The second tier consisted of newly industrialized economies—South Korea, Taiwan Province of China, Singapore, and Hong Kong SAR. Following hot on their tails were the ASEAN countries, such as Indonesia, Malaysia, the Philippines and Thailand. More recent additions to the flock are China and India
Filed under: Asia, concessional lending, Economic Crisis, Globalization, growth, IMF, International Monetary Fund, LICs, Low-income countries, Multilateral Cooperation | Tagged: ASEAN, Hong Kong, Indonesia, Japan, Labor, Malaysia, Singapore, South Korea, Taiwan, Thailand, the Philippines | 1 Comment »