Case Studies: Lessons from Real Economies
After the late-1990s crisis, several East Asian economies rebuilt buffers, deepened supply chains, and invested in education. Trend growth recovered, with productivity gains visible in export diversification. Readers: share charts showing how current account positions and reserves evolved during that recovery.
Case Studies: Lessons from Real Economies
Following the sovereign debt crisis, GDP growth diverged as structural reforms, fiscal space, and banking health differed across members. Panel comparisons reveal how credit costs and investment gaps widened disparities, emphasizing the importance of institutional strength for sustained convergence.