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Publications (4)
– Experience over the last fifty years
Asia has achieved remarkable economic growth and seen hundreds of millions of citizens rise out of poverty since the mid-1960s. Constructing and analysing the factors behind continent’s poverty and inequality over the last fifty years helps gain important insights for further reducing global poverty...
Research Brief
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– IMF financing versus debt-restructuring
In the twentieth and early twenty-first centuries, debt crises have plagued low-, middle-, and high-income countries at various times. Indebted countries have generally addressed balance of payments crises either by (a) obtaining International Monetary Fund (IMF) emergency financing; or (b)...
– Diversity in Development
In 1820, Asia accounted for two-thirds of world population and over half of world income. The subsequent decline of Asia was attributable to its integration with a world economy shaped by colonialism and driven by imperialism. By 1970, Asia was the poorest continent in the world, marginal except for...
One common characteristic of the fast-growing countries with good labour market outcomes — Korea, China, Vietnam — was at the beginning of their growth spurt their initially equal household income level, which was the result of renewed distribution of income. The most salient examples of more equal...
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