World Bank East Asia and Pacific Economic Update 2010, Volume 2 : Robust Recovery, Rising Risks

Output has recovered to above pre-crisis levels throughout developing East Asia and, in some countries, is expanding at near pre-crisis rates. Real Gross Domestic Product (GDP) is likely to rise 8.9 percent in the region in 2010, up from 7.3 percent in 2009 and in line with the average growth rate during 2000-08. Economic expansion is projected to slow to about 7.8 percent in 2011, as spare capacity becomes scarce, fiscal and monetary stimulus measures are gradually unwound, and economic growth in the advanced economies remains relatively flat. Encouragingly, the private sector is once again becoming the engine of growth, confidence is returning, and trade flows have returned to pre-crisis levels. But the recovery so far has generated little incremental manufacturing employment in some of the middle-income countries. With output gaps closing rapidly and private investment recovering strongly, the authorities in most East Asian countries are unwinding their stimulus measures. Finally, a more consistent application of policy incentives for investment and growth across space is called for, especially recognizing China's unique combination of fiscal decentralization and centralized government structure. Extending preferential policies related to taxation and deregulation further inland, broadening the access to credit, and standardizing basic health and education services across provinces will greatly level the playing field in favor of the inland provinces, improving both equity and growth.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	World Bank 2010
Subjects:	ADVANCED COUNTRIES, ADVANCED ECONOMIES, AGGREGATE DEMAND, ASSET PRICE, ASSET PRICES, BALANCE OF PAYMENTS, BANK CREDIT, BANK LENDING, BANK LOANS, BANK OFFICES, BANKING, BASIS POINTS, BINDING CONSTRAINT, BOND, BONDS, BORROWERS, BUSINESS ENVIRONMENT, CAPITAL ACCOUNT, CAPITAL ACCOUNTS, CAPITAL ACCUMULATION, CAPITAL ADEQUACY, CAPITAL CONTROLS, CAPITAL FLOWS, CAPITAL GAINS, CAPITAL INFLOWS, CAPITAL INVESTMENTS, CAPITAL OUTFLOWS, CAPITAL STOCK, CENTRAL BANK, CENTRAL BANKS, COLLATERAL, COLLATERAL REQUIREMENTS, COLLATERALS, COMMERCIAL BANKS, COMMODITY, COMMODITY PRICE, COMMODITY PRICES, COMMUNICATION, COMMUNICATION TECHNOLOGY, CONNECTIVITY, CONSUMER DEMAND, CONSUMER PRICE INDEX, COPYRIGHT CLEARANCE, COPYRIGHT CLEARANCE CENTER, CURRENCIES, CURRENT ACCOUNT SURPLUS, CURRENT ACCOUNT SURPLUSES, DEBT SECURITIES, DEPOSIT, DEPOSITS, DEREGULATION, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DOMESTIC ECONOMY, DOMESTIC INSTITUTIONAL INVESTOR, DOMESTIC MARKETS, DOMESTIC PRICE, ECONOMIC CRISIS, ECONOMIC DOWNTURN, ECONOMIC INTEGRATION, EMERGING MARKETS, EQUITIES, EQUITY, EQUITY PRICE, EQUITY PRICES, EXCHANGE, EXCHANGE MARKET, EXCHANGE RATE, EXCHANGE RATE REGIME, EXCHANGE RATES, EXPORT GROWTH, EXPOSURE, FINANCE, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIARIES, FINANCIAL MARKET, FINANCIAL SECTOR, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL SECTOR STABILITY, FINANCIAL STABILITY, FINANCIAL SYSTEM, FISCAL DECENTRALIZATION, FISCAL DEFICIT, FISCAL DEFICITS, FIXED INCOME, FIXED INVESTMENT, FOOD PRICE, FOOD PRICES, FOREIGN ASSETS, FOREIGN BANKS, FOREIGN CAPITAL, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGE MARKET, FOREIGN EXCHANGE MARKETS, FOREIGN INSTITUTIONAL INVESTOR, FOREIGN INSTITUTIONAL INVESTORS, FOREIGN INVESTMENT, FOREIGN INVESTORS, FOREIGN OWNERSHIP, FOREIGN PORTFOLIO, FOREIGN PORTFOLIO INVESTMENT, FREE TRADE, FREE TRADE AGREEMENT, FUND MANAGERS, FUTURE, GLOBAL ECONOMIC PROSPECTS, GLOBAL ECONOMY, GLOBAL MARKET, GLOBALIZATION, GOVERNMENT BONDS, GOVERNMENT DEBT, GROSS DOMESTIC PRODUCT, GROWTH RATE, GROWTH RATES, GUARANTEE, HUMAN CAPITAL, INCOME, INCOMES, INDUSTRIAL COUNTRIES, INFLATION, INFLATION EXPECTATIONS, INFLATION RATE, INFLATION TARGET, INFLATIONARY PRESSURES, INFORMATION TECHNOLOGY, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE INVESTMENTS, INITIAL PUBLIC OFFERING, INITIAL PUBLIC OFFERINGS, INNOVATIVE TECHNOLOGIES, INSTITUTIONAL INVESTOR, INSTITUTIONAL INVESTORS, INSURANCE, INTEREST, INTEREST RATE, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL CAPITAL, INTERNATIONAL MARKETS, INTERNATIONAL SETTLEMENTS, INTERNATIONAL TRADE, INVESTMENT, INVESTMENT CLIMATE, INVESTMENT CORPORATION, IPO, LABOR MARKET, LIQUIDITY, LOAN, LOCAL CURRENCIES, LOCAL CURRENCY, LOW-INCOME COUNTRIES, MACROECONOMIC STABILITY, MARKET CAPITALIZATION, MARKET SHARE, MATURITY MISMATCHES, MIDDLE-INCOME COUNTRIES, MIDDLE-INCOME ECONOMIES, MONETARY AUTHORITIES, MONETARY FUND, MONETARY POLICIES, MONETARY POLICY, MONEY MARKET, MORTGAGES, MULTINATIONAL CORPORATION, NATURAL DISASTERS, NEW PRODUCTS, NOMINAL INTEREST RATE, NON-PERFORMING LOAN, NON-PERFORMING LOANS, NPL, OUTPUT, OUTPUT GAP, OUTPUT GAPS, OUTPUT RATIO, OVERSEAS HOLDINGS, PORTFOLIO, PORTFOLIO FLOWS, POVERTY, PRICE, PRICE VOLATILITY, PRICES, PRIVATE CAPITAL, PRIVATE INVESTMENT, PRIVATE INVESTMENTS, PUBLIC DEBT, PUBLIC FINANCES, PUBLIC-PRIVATE PARTNERSHIPS, RAPID GROWTH, REAL ESTATE, REGIONAL INTEGRATION, REGULATORY CAPITAL, REMOTE AREAS, RESERVE, RESERVE FUND, RESERVE REQUIREMENTS, RESERVES, REVENUE, RISK DIVERSIFICATION, SAVING, SECONDARY MARKETS, SECURITY, SHARES, SOCIAL SAFETY NETS, STOCK MARKETS, SUBSIDIES, SUBSIDY, SUPPLY SHOCKS, SUSTAINABLE GROWTH, TAX, TRADE DEFICITS, UNEMPLOYMENT RATE, URBANIZATION, VOLATILITY, WORLD DEVELOPMENT INDICATORS, WORLD MARKET,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20101207014724 https://hdl.handle.net/10986/2536
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