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Dixon, Chris (2009) The Emerging Pacific Asian Economies and the Financial Crisis. Global Policy Institute Policy Report. pp. 2-15.
The emerging Pacific Asian economies are clearly not immune to the current international financial crisis. All the major economies remain heavily dependent on Foreign Direct Investment (FDI) and export earnings, particularly from the USA. The vulnerability of the Pacific Asia economies is reflected in the behaviour of the regional stock markets, the sharp declines in key growth indicators during 2008 and the progressive downgrading of projections for 2009. Particular concerns centre on the sharp contractions of growth in China and Japan whose economies have become the principle drivers of regional growth and integration, and key links between Pacific Asia, the West and the rest of the global system.
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