Presented by Dr Mahani Zainal Abidin at the Asian Development Bank Institute (ADBI) Conference: Regional Cooperation and Architecture Policy Issues, ADBI, Tokyo, 16 July 2009:
The East Asian countries, as they face the present global economic downturn have adopted the same approach as have the US and EU that is to use the public sector. In the case of East Asia the public sector has to replace the economic activities lost as a result of fewer exports to the US and EU. (download or view PDF file below for complete article).