Scandinavian Working Papers in Economics

Working Papers in Economics,
University of Gothenburg, Department of Economics

No 118: Globalisation and the Asia-Pacific Revival

Arne Bigsten
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Arne Bigsten: Department of Economics, School of Economics and Commercial Law, Göteborg University, Postal: Box 640, SE 40530 GÖTEBORG

Abstract: This paper reviews evidence on the evolution of international economic integration of Asia-Pacific countries, and discusses the extent to which this explains their recent growth success. It starts with a review of some theoretical arguments in the growth and globalisation debate, which is followed by a presentation of facts about Asia-Pacific international economic integration and growth relative to other regions of the world. Then we discuss the causes of the growth acceleration in the Asia-Pacific region and reflect on the relationships between policy reforms, openness, and per capita income growth. Finally, we draw some tentative conclusions about future growth in the region.

Keywords: Asia-Pacific; growth; globalisation

JEL-codes: O10; O50

31 pages, November 30, 2003

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