The integration of the newly emerging economies (NEEs)  into the global economy not only raises major challenges for OECD  Member countries, which must adapt to new sources of competition, it  also forces emerging economies to equip themselves with the policies  and structures necessary to operate successfully in the global  marketplace.  That these challenges have still not been adequately  taken up has been amply demonstrated by the financial crisis which  struck Asian NEEs in mid 1997.  Hence the need for more dialogue, on  both the domestic and international levels, to reform policies and to  avoid policy failures and crises in emerging economies, with ensuing  impact on the industrialised countries.    This book moves in that direction by dealing with issues as varied and  complementary as: the perspectives for an integrating world economy,  the financing of economic reform, employment generation and poverty  alleviation or the role of institutions in economic development.  These themes are tackled in the light of the experience of Asian newly  industrialised countries, namely Korea, China and India.  This  publication offers a stimulating, well-informed tour of the issues  which policy makers will have to resolve if the integration of the  NEEs into the world economy is to be facilitated.    This book brings together the presentations made during a conference  organised jointly in Seoul by the OECD Development Centre, the Korean  Development Institute and the International Center for Economic  Growth.

Growth and Competition in the New Global Economy : Development Centre Seminars PDF

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