ERI FEB RAS

Introduction

9

Chapter 1. POST-CRISIS RECOVERY AND GROWTH OF NEWLY INDUSTRIALIZED COUNTRIES DURING 1998-2008

13

1.1.   General economic indicators

13

1.2.   Labor market

16

1.3.   Inflation rate

18

1.4.   Economic structure

19

1.5.   Investment

27

1.6.   Gold and foreign exchange reserves

30

1.7.   Long-term prospects of economic development

31

Chapter 2. GLOBALIZATION OF NEWLY INDUSTRIALIZED ECONOMIES DURING 1998-2008

37

2.1.   Foreign trade dynamics

37

2.2.   Foreign investment

64

Chapter 3. MANIFESTATIONS OF THE WORLD ECONOMIC CRISIS IN NEWLY INDUSTRIALIZED COUNTRIES

77

Conclusion

90

Appendix 1. Social indicators of Hong Kong SAR, China

92

Appendix 2. Social indicators of Singapore

98

Appendix 3. Social indicators of Taiwan

104

Appendix 4. Social indicators of the Republic of Korea

111

References

118