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Chapter 3: Asia rising: patterns of economic development and growth.(economic outlook)
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World Economic Outlook
- Article date:
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September 1, 2006
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Copyright informationCOPYRIGHT 2006 International Monetary Fund. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Asia's striking growth performance has long attracted the interest of both policymakers and researchers. For several decades, growth has been very strong in the region as a whole--even spectacular in the newly industrialized economies (NIEs) (1) and, more recently, China. Between 1981 and 2001, the number of people living in extreme poverty declined dramatically in East Asia (by over 400 million in China alone). At the same time, given the presence of both early and late developers, Asia continues to display wide disparities in per capita income, ranging from over $33,000 in Singapore to $2,000 in Bangladesh. Average income levels in developing Asia as a whole are still well ...
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