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.
31 pages, November 30, 2003
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