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Implications of the Financial Crisis for Asian Exports

dc.contributor.authorDilip K. Das
dc.date.accessioned2015-03-18T12:23:48Z
dc.date.available2015-03-18T12:23:48Z
dc.date.issued1999-03-15
dc.identifier.urihttp://hdl.handle.net/11540/2622
dc.description.abstractIt is widely accepted that rapid export growth is one of the important contributing factors behind the so-called 'Asian eco¬nomic miracle". Several East and Southeast Asian economies including the People's Republic of China (PRC), sustained high ex¬port growth over long periods. Consequently, in 1997, Asia accounted for 20 percent (in US dollar value) of world exports, com¬pared to 5.9 percent in 1970 and 8.6 percent in 1980. These percentages should be seen against the background of the fact that Asia presently accounts for only 5.95 percent of the world gross do¬mestic product (GDP). The long-term trend came to an end in 1996, when export growth rates for several of these economies began to fall. The drop in exports led to fears about the external sector's abil¬ity to fuel economic growth. The decline was precipituous and struck all the high-perform¬ing economies of the region. The average export growth rate for the 11 largest Asian exporters in 1995 was 21.6 percent (Table 1), peak¬ing at 31.4 percent during the first quarter of 1995. Asian export growth had started to decelerate gradually soon thereafter, but this was not widely noticed because the average annual growth rate for 1995 remained high (see Figure 1). In 1996, the market crashed and the export growth rate dropped to 4.3 percent.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleImplications of the Financial Crisis for Asian Exports
dc.typeBriefs
dc.subject.expertEconomic Crisis
dc.subject.expertEconomic Efficiency
dc.subject.expertEconomic Policies
dc.subject.expertRegional Economic Development
dc.subject.expertJob Evaluation
dc.subject.expertEvaluation
dc.subject.adbPrice stabilization
dc.subject.adbFood prices
dc.subject.adbPrice policy
dc.subject.adbCrisis
dc.subject.adbUnemployment
dc.subject.adbEconomic cooperation
dc.subject.adbGross domestic product
dc.subject.adbEmployment
dc.subject.adbEconomic forecast
dc.subject.naturalOpen price system
dc.subject.naturalPrice fixing
dc.subject.naturalPrice regulation
dc.subject.naturalConsumer price indexes
dc.subject.naturalFinancial crisis
dc.subject.naturalLabor economics
dc.subject.naturalRegional economics
dc.subject.naturalTurnover
dc.subject.naturalEconomic survey
dc.subject.naturalJob analysis
dc.subject.naturalLabor turnover
dc.title.seriesEDRC Briefing Notes
dc.title.volume8
dc.contributor.imprintAsian Development Bank
oar.themeEconomics
oar.themeEvaluation
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-002931
oar.authorDas, Dilip K.
oar.importtrue
oar.googlescholar.linkpresenttrue


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