ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by V V Bhanoji RaoSubscribe to V V Bhanoji Rao

East Asian Economies

The World Bank study entitled The East Asian Miracle observed that eight high performing Asian economies achieved not only high average rates of economic growth but also declines - sometimes dramatic declines - in income inequality. The two characteristics together were dubbed the East Asian Miracle. This essay provides available evidence on the trends in absolute poverty and the degree of income inequality in seven east Asian economies and concludes that while these economies have achieved substantial reduction in absolute poverty, the same cannot be said about income inequality. In fact, the issue of inequality could get to the centre stage in the prevailing crisis in the region.

Malaysia s Currency Controls-What They Mean and Whether They Will Work

grew on the basis of thriving rubber and tin exports, and free movement of goods, people and capital. These were facilitated by an exchange rate mechanism that followed closely international fashions prevailing from time to time including fixed exchange rates in the Bretton Woods system and the subsequent regime of flexible exchange rates.

East Asian Economies The Crisis of 1997-98

V V Bhanoji Rao This is the author's second essay in a series on the east Asian economies and deals with the still unfolding crisis in the region. It started as a confidence crisis translating into a currency crisis in Thailand and spread to Indonesia, South Korea, Malaysia and the Philippines, Via the exposure to these economies, Singapore too was affected somewhat while Hong Kong and Taiwan have escaped more or less unhurt.

East Asian Economies-Growth within an International Context

This paper makes extensive use of the Summers and Heston data set on per capita product covering the period 1950-90 for some ISO economies to examine their growth performance. It turns out that the five east Asian economies. Hong Kong, Singapore, Taiwan and Thailand have achieved consistently high growth in per capita product This paper is the first of a planned series on the east Asian economies. The next in the series will focus on the current economic crisis enveloping large tracts of east and south-east Asia.

Mobilising Direct Foreign Investment-Lessons from East Asia

Lessons from East Asia V V Bhanoji Rao Data from a recent ESCAP publication are instructive in regard to the sources of DFI, sectors attracting DFI and the factors determining DFI flows. It would appear from the available evidence thai the government of India and the state governments have a long way to go in regard to raising the level of DFI inflows and fine- tuning the sectoral composition. The need is to put in place a set of appropriate policies.

South-South Trade Preferences and Prospects

was whether RAW and IB had been misused to spy upon political opponents. Contrary to what Gunaratna implies, the clean sweep of all the prime minister's men did not include the RAW chief. Verma was kept on by V P Singh.

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