Mutual Interdependence: Asia and the International Economy

Author
Anne O. Krueger
Date
2005-05-31
Views
3782
A.Krueger_Mutual_Interdependence1
Mutual Interdependence: Asia and the International Economy

- Speaker: Anne O. Krueger, First Deputy Managing Director, IMF

- Date : June 30, 2005.

"The world needs Asia, and the contribution that Asian economies make to world economic growth: of that, there can be no doubt. But Asia needs the world, too. Asian economic success is the result of economic policies that have promoted stability, growth and openness. But the continent's success has also been based on successful integration with the international economy... The experience of Korea, Chian and other Asian countries underlines the crucial importance trade plays in fostering rapid economic growth... we have a convergence of interests here, and a chance for Asia to play a leading role in resolving disagreements and breathing new life into the global trading system that has served Asian countries so well in the past..."
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