IMF's Krueger on Asia and the world economy

In the speech 'Mutual interdependence: Asia and the world economy' given on 30 June Anne Krueger of the International Monetary Fund said the experience of Korea, China and other Asian countries underlines the crucial importance trade plays in fostering rapid economic growth.

"As every economist knows, an open trading system is crucial for lasting economic success. Closed economies can have temporary spurts of rapid growth although such spurts are often followed by sharp reversals. But no country

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