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Are financial sector weaknesses undermining the East Asian miracle? (Английский)

This study shows that, in macroeconomic management, savings and investment, and depth of international economic integration, East Asia enjoys advantages that are lacking in other countries that have experienced deep economic or financial crises. East Asia is working to develop more efficient and competitive financial systems. Heavy state control over financial systems is being phased out in many countries. Countries also recognize the need to liberalize...
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