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" Transforming the rebound into recovery : "
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BL
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| Record Number
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1044220
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| Doc. No
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b798590
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| Title & Author
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Transforming the rebound into recovery : : a World Bank economic update for the East Asia and Pacific region.
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| Publication Statement
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Washington, DC :: World Bank,, ©2010.
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| Series Statement
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East Asia and Pacific update ;; Nov. 2009
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| Page. NO
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1 online resource (ix, 84 pages) :: color illustrations
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| ISBN
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0821383043
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: 6612450762
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: 9780821383049
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: 9786612450761
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0821382675
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9780821382677
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| Bibliographies/Indexes
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Includes bibliographical references.
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| Contents
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Acknowledgments; Summary; Abbreviations; I. The Rebound; II. Economic Policies Supporting Recovery In East Asia; III. Transforming The Rebound Into Recovery; Country Pages & Key Indicators; Appendix Tables & Charts
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| Abstract
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A vigorous economic rebound is under way in East Asia since the second quarter of 2009, following the sharp impact from the financial crisis and the global recession that began in late 2008. As much as the reduction in exports and industrial production across the region in the fourth quarter of 2008 and the first quarter of 2009 was unexpectedly swift and deep, so is the strength of the rebound, with doubts about green shoots dispelled in a matter of months and replaced by near-consensus views of a synchronized global rebound led by emerging East Asia. The robust rebound is due to a combination of timely and large fiscal and monetary stimulus in most countries in East Asia, notably in China, and a powerful process of inventory restocking that began after mid-2009. Globally, the advanced economies joined the rebound trend in the third quarter of 2009, and their contributions to global industrial production notably driven by inventory accumulation have begun to outpace the contribution from the East Asia region. These developments are set against a background of solid macroeconomic fundamentals, including high foreign exchange reserves, large private and corporate savings, and low corporate and government debt. The region's well-capitalized banks and much improved banking supervision since the 1997-98 Asian financial crisis have also helped limit financial contagion and the transmission of the forces of global recession.
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| Subject
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Economics-- East Asia.
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Economic history.
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Economics.
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East Asia, Economic conditions.
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Pacific Area, Economic conditions.
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East Asia.
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Pacific Area.
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| Dewey Classification
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330.95
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| LC Classification
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HC460.5.T73 2010eb
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| Added Entry
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World Bank.
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