Oxford Review of Economic Policy volume 25, issue 2, P190-204 2009 DOI: 10.1093/oxrep/grp019 View full text
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I. Gill, H. Kharas

Abstract: Without the advantages of low wages or high skills, East Asian economies are following a new path of regional integration, led by China. Along this path, policy makers must manage a migration of 2 million people a month to East Asia's cities, a sharp and unprecedented increase in income inequality, and a growing discontent with corruption as governance structures have been decentralized. Having successfully integrated globally before the financial meltdown of the 1990s, and integrating regionally at an even fa…

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