Fast-growing Asian tigers take on First-World role

Article Abstract:

Asia's tiger economies continue to grow in affluence and they can be considered in many respects to have joined the ranks of First World nations. One of the biggest indicators of these nations' growing clout is the increasing level of financial and technical aid they provide to their less-affluent neighbors. Some of the more aggressive firms from Hong Kong, Taiwan, Singapore and South Korea are now even buying up troubled Japanese companies and pursuing ambitious global expansion strategies. It is not surprising that the developing nations in the region now look to their rich neighbors for investment and aid in much the same way they depended on the US and Europe only a few decades ago.

Taiwan, South Korea, Singapore, International relations, Industrialized countries, Hong Kong, Industrial nations, Korea, South

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Asia's inaccurate indexes may mar competitiveness

Article Abstract:

Consumer price indexes (CPIs) in many rapidly growing countries in Asia do not accurately reflect the rate of inflation in their economies. A potential consequence of these discrepancies is that governments may not be able to rein in continued economic growth and to maintain competitive edge in the world market. The variance is largely attributed to the slow adjustment of formulas for the computation of CPI, which is usually done only once over a five- or 10-year period.

Cost and standard of living, Cost of living, Consumer price indexes

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Slower Asian exports cause growth forecasts to be cut

Article Abstract:

Revisions to the 1996 growth domestic product (GDP) forecasts for Asia have sent many economists into panic. The regional forecast figures changed only slightly but this was enough to make economists evaluate possible measures that will boost the drop in exports. However, other economists see the slowdown as a positive sign for the Asian economies. They believe that the drop in GDP is needed to curb rising inflation and labor shortages in some regions.

Gross Domestic Product, Forecasts and trends, Exports

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