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Regional Integration in the Asia Pacific Issues and Prospects: Trade and Economics Integration in the Asia Pacific Region

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Why integration now?

Two economic events of historic proportions provide the context for regional integration in the Asia Pacific today.

The first event, the currency and financial crisis of 1997/98, still affects every aspect of economic policy making. The crisis shattered a deeply held and broadly shared view of the policy keys to development success, and called for a review of what now needs to be done to build on the basic tenets: macroeconomic stability, high savings and investment, rapid expansion of education, and a strong export orientation.1 Many in the region consider...
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Document Type: Review Article

Publication date: April 1, 2005

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