Indonesia’s Rapid Economic Growth and New Zealand’s Asian Vision

1995 ◽  
Vol 36 (2) ◽  
pp. 161-176
Author(s):  
Van Diermen Peter
Keyword(s):  
Economic Growth ◽  
Rapid Economic Growth

Chile

2017 ◽  
Author(s):  
Guillermo Cruces ◽  
Gary S. Fields ◽  
David Jaume ◽  
Mariana Viollaz
Keyword(s):  
Economic Growth ◽  
Labour Market ◽  
Unemployment Rate ◽  
Educational Level ◽  
International Crisis ◽  
Occupational Position ◽  
Rapid Economic Growth ◽  
Poverty And Inequality

During the 2000s Chile achieved rapid economic growth and improved most labour market indicators: the unemployment rate fell; the mix of employment by occupational position and sector improved; the educational level of the employed population, the percentage of registered workers, and labour earnings increased; and all poverty and inequality indicators decreased. The economy suffered a recession during the international crisis of 2008, but recovered quickly. The chapter shows that some labour market indicators were negatively affected by the crisis. The unemployment rate was the only indicator that did not return to its pre-crisis level by the end of the period studied.

The management of structural adjustment and macroeconomic reform in Vietnam

1998 ◽  
Vol 17 (1) ◽  
pp. 29-37
Author(s):  
Keith Griffin
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Structural Adjustment ◽  
National Accounts ◽  
Policy Reforms ◽  
Rapid Economic Growth ◽  
Actual Output ◽  
Present Decade ◽  
Official Data ◽  
Low Rate

Vietnam has been remarkably successful in managing structural adjustment and macroeconomic reform. As a result, it has achieved very rapid economic growth during the present decade without, apparently, a substantial increase in inequality. All sectors of the economy have grown rapidly and yet there has been dramatic structural change. This growth and structural change, according to official data, have occurred despite a relatively low rate of investment. Our analysis suggests, however, that savings and investment have been understated, that actual output is higher than the national accounts data indicate and that growth is even faster than the official figures suggest. These results are a consequence of the nature and sequencing of the policy reforms that were introduced from the 1980s onwards.

scholarly journals Multi-faceted insights of entrepreneurship facing a fast-growing economy: A literature review

2020 ◽  
Vol 3 (1) ◽  
pp. 25-41 ◽  
Author(s):  
Quan Hoang Vuong ◽  
Viet Phuong La ◽  
Thu Trang Vuong ◽  
Phuong Hanh Hoang ◽  
Manh Toan Ho ◽  
...  
Keyword(s):  
Economic Growth ◽  
Literature Review ◽  
Emerging Economies ◽  
Research Output ◽  
Middle Income Country ◽  
Developing Economy ◽  
Middle Income ◽  
Entrepreneurship Research ◽  
Rapid Economic Growth ◽  
Growing Economy

AbstractThis study explores entrepreneurship research in Vietnam, a lower-middle-income country in Southeast Asia that has witnessed rapid economic growth since the 1990s but has nonetheless been absent in the relevant Western-centric literature. Using an exclusively developed software, the study presents a structured dataset on entrepreneurship research in Vietnam from 2008 to 2018, highlighting: low research output, low creativity level, inattention to entrepreneurship theories, and instead, a focus on practical business matters. The scholarship remains limited due to the detachment between the academic and entrepreneur communities. More important are the findings that Vietnamese research on entrepreneurship, still in its infancy, diverges significantly from those in developed and emerging economies in terms of their content and methods. These studies are contextualized to a large extent to reflect the concerns of a developing economy still burdened by the high financial and nonfinancial costs.

Japan's Role in Asia-Pacific Cooperation

1991 ◽  
Vol 513 (1) ◽  
pp. 25-37 ◽  
Author(s):  
SABURO OKITA
Keyword(s):  
United States ◽  
Economic Growth ◽  
International Economic ◽  
The United States ◽  
Growth Potential ◽  
The Other ◽  
Asia Pacific ◽  
Asia Pacific Economic Cooperation ◽  
Rapid Economic Growth ◽  
International Trading

The Asia-Pacific countries achieved rapid economic growth with the flying-goose model in the 1980s, growth buttressed by export-oriented development strategies and the policy culture in these countries. While Japan and the other Asia-Pacific countries still have strong growth potential, many problems remain, including trade imbalances with the United States and the rise of protectionism there, the Asia-Pacific economies' vulnerability, and the need to consolidate the infrastructure for growth. It is imperative that Japan contribute to the development of the region by responding effectively to these issues and that it strengthen the international trading arrangements by promoting Asia-Pacific cooperation premised on openness. Given the region's great internal diversity, Asia-Pacific economic cooperation can well serve as a model for international economic coordination.

Trends of Private Consumption in the Restructuring of China’s Economy

2015 ◽  
Vol 07 (04) ◽  
pp. 52-64
Author(s):  
Chien-Hsun CHEN
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Private Consumption ◽  
Decisive Role ◽  
Domestic Product ◽  
Domestic Consumption ◽  
Labour Income ◽  
Rapid Economic Growth ◽  
Labour Share ◽  
China’S Economy

The benefits deriving from rapid economic growth have chiefly accrued to capital returns. Consequently, the decline in the share of Chinese gross domestic product (GDP) accounted for by labour income has been most pronounced. To sustain growth, China will have to ensure robust consumption. Increasing the labour share in GDP and hence promoting domestic consumption will play a decisive role in rebalancing China’s economy.

Reform, corruption, and growth: Why corruption is more devastating in Russia than in China

2006 ◽  
Vol 39 (2) ◽  
pp. 265-281 ◽  
Author(s):  
Tomas Larsson
Keyword(s):  
Economic Growth ◽  
Comparative Advantage ◽  
Economic Performance ◽  
Political Corruption ◽  
Common Assumption ◽  
Rapid Economic Growth ◽  
The Common ◽  
The Impact ◽  
Intervening Factors

This article explains why massive political corruption appears to be incompatible with economic growth in Russia but compatible with very rapid economic growth in China. The common assumption is that corruption is bad for economic performance. So how can we explain the puzzling contrast between Russia and China? Is Russia being more severely “punished” for its corruption than China? If so, why? This article demonstrates that three intervening factors—comparative advantage, the organization of corruption, and the nature of rents—determines the impact of corruption on economic performance, and that these factors can explain the divergent outcomes. The article thereby offers an alternative to statist explanations of the Russia-China paradox.

The structure and changes of China’s land system

2019 ◽  
Vol 11 (3) ◽  
pp. 471-488 ◽  
Author(s):  
Liu Shouying
Keyword(s):  
Economic Growth ◽  
Institutional Change ◽  
Structural Changes ◽  
Structural Characteristics ◽  
Institutional Arrangements ◽  
Reform Process ◽  
Content Type ◽  
The Past ◽  
Land System ◽  
Rapid Economic Growth

Purpose The purpose of this paper is to analyze the structure and changes of China’s land system. To achieve this aim, the paper is divided into four parts. The first part gives a brief introduction to the structural characteristics of the Chinese land institutional arrangements; the second part analyzes the reform process of the land system in the past 40 years and its path of change; the third part engages the discussion about the historic contribution made by the land institutional change to rapid economic growth and structural changes; and the final part is conclusion and some policy implications. Design/methodology/approach After 40 years of reforms and opening up, China has not only created a growth miracle unparalleled for any major country in human history, but also transformed itself from a rural to an urban society. Behind this great transformation is a systemic reform in land institutions. Rural land institutions went from collectively owned to household responsibility system, thereby protecting farmers’ land rights. This process resulted in long-term sustainable growth in China’s agriculture, a massive rural-urban migration and a historical agricultural transformation. The conversion of agricultural land to non-agricultural uses and the introduction of market mechanisms made land a policy tool in driving high economic growth, industrialization and urbanization. Findings Research shows that the role of land and its relationship with the economy will inevitably change as China’s economy enters a new stage of medium-to-high speed growth. With economic restructuring, low-cost industrial land will be less effective. Urbanization is also shifting from rapid expansion to endogenous growth so that returns on land capitalization will decrease and risks will increase. Therefore, China must abandon land-dependent growth model through deepening land reforms and adapt a new pattern of economic development. Originality/value This paper gives a brief introduction to the structural characteristics of the Chinese land institutional arrangements, analyzes the reform process of the land system in the past 40 years and its path of change, and evaluates the historic contribution made by the land institutional change to rapid economic growth and structural changes.

scholarly journals A WAR WITHOUT INFLATION: THE CASE OF ARGENTINA 1865–1870

2021 ◽  
pp. 1-9
Author(s):  
Carlos Newland
Keyword(s):  
Economic Growth ◽  
Money Supply ◽  
Currency Substitution ◽  
The Other ◽  
Demand For Money ◽  
Other Hand ◽  
Rapid Economic Growth

ABSTRACT Although paper note issuance increased dramatically in Argentina during the Triple Alliance War, inflation was not significant. This occurred because only a fraction of the increase in paper bills led to an expansion of the money supply, the rest being currency substitution. On the other hand, an increase in the demand for money for transactions was generated by rapid economic growth.

scholarly journals Analysis on German Monetary Policy from 1974 to 1990

2020 ◽  
Vol 214 ◽  
pp. 02007
Author(s):  
Minxu Wang
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Inflation Rate ◽  
Policy Tools ◽  
Low Level ◽  
Rapid Economic Growth ◽  
German Monetary Policy

This article analyzes German monetary policy from 1974 to 1990. During this period, Germany experienced rapid economic growth and maintained the inflation rate at an average low level. This article would like to analyze German monetary policy to find the reasons why Germany could have rapid economic growth and maintain inflation rate at an average low level. Then specific main goal, right choices of monetary policy tools and intermediary indicators, and timely adjustment of the policy were found as the reasons. We also learn some successful experience about monetary policy from Germany and apply them in China.

scholarly journals Equitable Growth and Poverty Alleviation: Lessons Learned from Korean Experience

2005 ◽  
Vol 6 (1) ◽  
pp. 1-34
Author(s):  
Chanyong Park ◽  
Khalid Ikram
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Development Strategy ◽  
Low Income ◽  
Land Reform ◽  
Lessons Learned ◽  
Absolute Poverty ◽  
Assistance Program ◽  
Rapid Economic Growth ◽  
The Government

This case study analyzed how Korea achieved rapid economic growth with i.t1ere-JSing equity and poverty aJlcviarion. Korean GDP per capita increased 110 times and absolute poverty rate dccn.:ased from 48.3 percent to 9.8 percent l:x:tween 196 l and 2001. Ir is true to say in rhe Korean case that the most efiecrive measure in reduction of the absolute pwerty level has been to make the economic pie biggcr. It is called growth-firsr~istrihution-larcr principle and brought abJut economic success hy overcoming a sc:vere shortage of natural endowments. TI1e Korean government prioritized certain development-led industries in order to accelerate economic μ;ro\\•th. It was called '"imbalanced development strate,gy" and assessed as being more effective than "balanced development strategy" within the limited budget for ernnomic development. Although income inequality became aggravated Jue to the grmvrh-first polity and imbalanced strate,gy, the sizl' of the economic pie increased drastically. The income levels of middle and low income households increased to such an extent that much income inequality could l:x: rolernted. le can be said that in Korea. rapid economic growth raised welfare levels during rhe period between the l 960s and the 1990s even as income inequality worsened. Korea ran into serious economic difficulties in late 1997. The poverty rates rose sharply from 7.67 rercem in 19'-)7 to 14.28 pen:ent in ·19'-)8. TI1e Korean govemrnenr w1dertook various anti-poverty programs designed to ease the impan of ma-.s lay-offS by implementing a new public assistance program and expanded the coverage of sx·ial insuranu.c:. In addition, hwnan resource development programs \Vere intrOOuced thar enhanced the access of the vulnerable class to the labor market by laying stress on labor welfare, raking mea,ures to protect irregtUar employees, and extending the application of the minimum wage system to all industries. Thanks to these efforts of the government, the p.>verty rates have decreased since 1999. 1bis study has led us to six tentative but useful lessons learned from the Korean success to lx applied to ocher developing countries: establishment of a clear objective of development and. the cornmirmenr of authorities; r,crn.ptive sdt·ction of rtprcscntative kx:omotive engines for rapid economic gro¥.-th and properly designed management; lx.'St investment in human rt'Source development; fair land reform and rural development; job creation and expansion of employment; and building-up of country's capacity to implement plans and projects expeditiously within budgeted costs.

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