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by: World Bank
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The World Bank East Asia and Pacific Economic Update 2010, Volume
I, is the World Bank's comprehensive, twice-yearly review of
the region's economies. In this edition, the Bank finds that,
largely thanks to China, the region's output, exports, and
employment have mostly returned to the levels they were at before the
crisis. And while countries can grow rapidly in the next decade even in
a slower world economy, they need to return to their structural reform
agendas with renewed vigor. These agendas can include regional
components, with a focus on regional economic integration, and
addressing the challenges posed by climate change.
TABLE OF CONTENTS
I. The Recovery
Real GDP is above pre-crisis levels • Industrial production is
recovering sharply • Capacity utilization in industry and
unemployment are also reaching pre-crisis levels • Exports are
yet to recover fully in the region’s middle-income countries
• Capital inflows recovered in China but not in the other
middle-income countries • The crisis slowed the pace of poverty
reduction in developing East Asia
II. The Short-Term Challenge: Withdrawing the Stimulus without
Disrupting the Recovery
Premature withdrawal of fiscal stimulus remains a big risk • Most
central banks have begun to selectively tighten monetary policy •
Exchange market intervention and currency appreciation have
returned
III. The Imperative for Renewed Structural Reforms
It’s a new world • For China, the challenge will be to
rebalance the economy • For East Asia’s middle-income
countries, moving up the value chain will remain a priority •
Low-income countries need to break into manufacturing • Commodity
exporters need sound fiscal policies for sustainable growth • The
Pacific islands need to pursue deeper integration with the nearest
large market • A common regional agenda for the medium term
Country Pages and Key Indicators
- Shipping Weight: 0.68 lbs (0.31 kgs)
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