Prospects for the future of the East Asian economy

Abstract

The future of East Asia is attracting considerable attention today. Since 1960, and particularly in the 1980s, the economy of East Asia has achieved remarkable growth at a much faster rate than that of any other region in the world. It is now considered a center of the world's economic growth. Viewed in this light, whether the economy of this region can continue growing over the coming years is literally a matter of global concern. Needless to say, interest in this region is not confined to the economic arena. On the side of international politics, the region contains three of the four countries that were divided in the aftermath of World War II. (Of these, two nations are yet to be unified.)