EIJS Working Papers Series
Export-Led Growth in East Asia: Lessons for Europe's Transition Economies
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.
Keywords: growth; export promotion; transition; EU accession; (follow links to similar papers)
JEL-Codes: F13; O10; P30; (follow links to similar papers)
47 pages, February 1, 2002
- This paper is published as:
Kokko, Ari, (2006), 'Export-Led Growth in East Asia: Lessons for Europe's Transition Economies' in Söderman, S. (ed.) Emerging Multiplicity – Integration and Responsiveness in Asian Business Development, pages 33-52, Palgrave Macmillan, Basingstoke.
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