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DEVELOPMENT STRATEGIES OF OPEN ECONOMIES: Cases from Emerging East and Southeast Asia

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In an open economy, basic development strategies include promoting foreign exports, attracting foreign direct investment, and stimulating economic growth. Using time-series and panel data analyses, the first part of this book studies the causality and significance of these three strategies, individually or collectively, empirically and theoretically, during the catch-up growth and development phases of emerging East and Southeast Asian economies.

While it is well-known that trade and investm...