Can east Asia compete : innovation for global markets

by Shahid Yusuf

"East Asian economies of the 1980s and much of the 1990s occupy a special place in the recent history of development. They were among the most competitive exporters of manufactured products and were able to sustain growth rates far higher than those of other countries, developing or industrial. Then came the crisis of 1997-98, and even though recovery began fairly quickly in some countries, several have yet to regain their growth momentum, in part because the institutional weaknesses uncovered by the shock have proven refractory.". "Future competitiveness will rest upon much greater...