1,720,974 research outputs found
No Where to Hide: the great financial crisis and challenges ahead - By Michael Lim Mah-Hui and Lim Chin
No full textEstimating Trade Mis-invoicing from China: 2000-2005
No full textAn examination of available data reveals large trade misinvoicing between China and its trade partners. The analysis finds a net trade misinvoicing of US1.4tn. China needs to establish more effective management of its international trade flows. At the same time, the international community needs to provide more effective governance mechanisms to address trade misinvoicing. Copyright (c) 2008 The Author.
Unchained Melody: East Asia in Performance
Full text linkIndonesia, Malaysia, South Korea, and Thailand continue to perform unsatisfactorily today, ten years after 1997 Asian Crisis. As of 2007, these crisis-affected economies have not fully recouped their losses from the lost opportunities from the Crisis. Unless economic performances return to past trends, another type of economic miracle story may be needed to reclaim their past economic standings. Unless GDP per capita expands faster than present trends, they will continue to face the costs of the lost opportunities. A positive combination of policies is needed: taking up the useful components of the past arrangements and putting in the missing instruments for sound macroeconomic management and international cooperation.Post-Asian Crisis Performance, Indonesia, Malaysia, South Korea, Thailand
Do international remittances cause Dutch disease?
No full textDutch disease is a condition whereby a booming export sector along with a concomitant strengthening of the non-tradable sector cause a deterioration in the rest of the tradable sector. Regression analysis finds that Dutch disease due to international remittances appears to afflict the developing countries more than the upper income countries. Developing countries, however, can inoculate their economies with policies that strengthen the domestic economy and facilitate structural change to keep the disease from setting in.Dutch disease, international remittances
Capital flight from the Philippines, 1970-2002
No full textCapital flight is defined as the movement of capital from resource-scarce developing countries to avoid social controls. It is measured as net unrecorded capital outflow, or the residual between officially recorded uses and sources of funds. Total capital flight from the Philippines was estimated at USD 138 billion (in 1995 constant prices) for the period 1970-2002. Including imputed interest earnings, the stock of capital flight as of 2002 was USD 218 billion. Indeed, by any yardstick, these figures are significant amounts of lost resources that could have been utilized to generate additional output and jobs in the country. Were it not for capital flight, the Philippines would have reached an economic performance like the Asian economic tigers.capital flight, Philippines
Revisiting the Revolving Door: Capital Flight from Southeast Asia
Full text linkThe paper revisits hypothesized direct linkages between external borrowing and capital flight. It reviews the cases of Indonesia, Malaysia, the Philippines and Thailand to see if such linkages exist. The results indicate that, indeed, large sums of capital flowed in and out of these four countries in a revolving door process. Thus, the results lend support to the need for: better domestic management of external debt, sound macroeconomic management and solid macro-organizational foundations (with the government at the centre of policy making), active management of capital flows, and effective domestic and international involvement and coordination in capital flows.capital flight, external debt, revolving door, Southeast Asia
POLITICAL ECONOMY RESEARCH INSTITUTE Unchained Melody: East Asia in Performance Unchained Melody: East Asia in Performance
No full textAbstract Indonesia, Malaysia, South Korea, and Thailand continue to perform unsatisfactorily today, ten years after 1997 Asian Crisis. As of 2007, these crisis-affected economies have not fully recouped their losses from the lost opportunities from the Crisis. Unless economic performances return to past trends, another type of economic miracle story may be needed to reclaim their past economic standings. Unless GDP per capita expands faster than present trends, they will continue to face the costs of the lost opportunities. A positive combination of policies is needed: taking up the useful components of the past arrangements and putting in the missing instruments for sound macroeconomic management and international cooperation
Balance of Payments-Consistent Unreported Flows Balance of Payments-Consistent Unreported Flows
No full textAbstrac
Migrant-family background and subjective well-being: Evidence using Blinder-Oaxaca decomposition
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