East Asia & Pacific Update - Battling the forces of global recession;
-Prospects for recovery among the developed countries are uncertain.
-Over the medium term, the countries of developing East Asia can achieve high rates of economic expansion in a slowly growing world economy to the extent they are able to extract more growth from domestic demand, boost competitiveness, penetrate new markets, and further improve the attractiveness of the region as a key destination for foreign investment.
Related;
comparing the 1997-98 Asian financial crisis and the current crisis
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