Economic Interdependence and Development in East Asia

The rapid development of Asian countries has met with mixed reactions among economists. Most economists understand that a genuine development is underway; but, since the process has been a complex one, each has been able to apply favorite explanations to the situation. In Eastern Asia, regional interdependence has been important to developing countries. This work discusses the interaction between the regional economies through trade and foreign direct investment, relating interaction to economic growth and development.