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Asia exporters struggle to overhaul economic model

Export-led growth is no longer serving the region well because of changes in the world economy

Exports from East Asia have fallen an average of around 5 per cent in dollar terms. Poor performers include Indonesia coal, Malaysia palm oil, Singapore pharmaceuticals and South Korea cars.


IN the good old decades, many Asian governments could stick to a simple economic strategy - ramp up exports and reap solid growth rates.

Now, export-led growth no longer serves the region well and Asia is struggling to overhaul that economic model as it waits for world