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date: 28 January 2020

Abstract and Keywords

This chapter explores the key dimensions of economic growth in the Pacific Rim over the past half century, focusing on 24 countries that encompass the region’s large population centers and have reasonably complete national accounts. It compares the economic growth and performance and suggests that while high-income economies have reasonably similar living standards, the differences within emerging Pacific Asia are very large and have not narrowed appreciably over time. This article highlights the major differences between the Asian and the Latin American side of the Pacific Rim in terms of global economic engagement and macroeconomic stability.

Keywords: economic growth, Pacific Rim, economic performance, high-income economies, living standards, Asia, Latin America, economic engagement, macroeconomic stability

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