Chapter

Growth Patterns in Asian Emerging Markets: Implication for Global Rebalancing

Eswar S. Prasad

in The Global Financial Crisis and Asia

Published in print October 2012 | ISBN: 9780199660957
Published online January 2013 | e-ISBN: 9780191748981 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199660957.003.0013
Growth Patterns in Asian Emerging Markets: Implication for Global Rebalancing

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Rebalancing growth patterns of Asian economies is an important component of the overall rebalancing effort that will be required in the world economy. This chapter provides an empirical characterization of the composition of GDP levels and growth rates for the key emerging markets and other developing economies in Asia. To examine the global implications of domestic growth patterns in Asia, the chapter analyzes saving-investment balances, the composition of national savings, and the determinants of the evolution of household saving rates. Finally, the chapter discusses some policy implications that come out of the analysis on how to shift the patterns of growth, especially in the PRC, from a welfare-enhancing perspective

Keywords: emerging markets; global Rebalancing; Asian economies; composition of growth; saving-investment balances; household savings

Chapter.  11349 words.  Illustrated.

Subjects: Financial Markets

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