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Growth with Resilience in East Asia and the 2008–2009 Global Recession. Asian Development Review, Vol. 29(2), pp. 183-206

dc.contributor.authorLino Briguglio
dc.contributor.authorStephen Piccinino
dc.date.accessioned2015-01-24T13:13:21Z
dc.date.available2015-01-24T13:13:21Z
dc.date.issued2012-08-21T13:13:21Z
dc.identifier.urihttp://hdl.handle.net/11540/1633
dc.description.abstractThis paper assesses why the 2008–2009 global economic recession impacted East Asia less than it did the United States (US) and the European Union (EU). The paper utilizes a “growth-with-resilience” (GWR) index aimed at measuring the extent to which a country can absorb or counteract external shocks and at the same time promote economic growth. The main findings show higher GWR index scores for East Asia compared to those for the EU and the US, which may explain why the global recession had a milder impact on the region. The study also shows East Asia as being very heterogeneous, with major differences in the countries’ economic, political, and social realities, more so than in the US and EU. Therefore, the overall picture for the region may not apply to individual economies.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.titleGrowth with Resilience in East Asia and the 2008–2009 Global Recession. Asian Development Review, Vol. 29(2), pp. 183-206
dc.typeJournals
dc.subject.adbEconomic
dc.subject.adbEconomic Issues
dc.subject.adbEconomic Crisis
dc.subject.adbEconomic growth
dc.title.seriesAsian Development Review
dc.title.volumeVolume 29, Number 2, pp. 183-206
dc.contributor.imprintAsian Development Bank
oar.themeFinance
oar.identifierOAR-002547
oar.authorBriguglio, Lino
oar.authorPiccinino, Stephen
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • Asian Development Review
    The Asian Development Review (ADR) is a professional journal for disseminating the results of economic and development research relevant to Asia and the Pacific. Since 1983, the ADR has been an important part of the history of the Asian Development Bank and its mission to reduce poverty across Asia and the Pacific.

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