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Adjusting to Success: Balance of Payments Policies in the East Asian Nics (Policy analyses in international economics)
Adjusting to Success Balance of Payments Policies in the East Asian Nics - Policy analyses in international economics Author:Bela Balassa, John Williamson A revised edition of an assessment of the policies which have led to the achievement of surplus trade balances on the part of the NICs (newly industrialized countries of East Asia - Hong Kong, Singapore, Taiwan, Korea) compared with the trade deficit of the United States. The book analyzes the success of the NICs' policies since 1986 in terms of... more » exchange rates and trade liberalization, which were aimed at reducing their trade surpluses without threatening the continuation of their high growth-rate in the past 25 years.« less