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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

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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.

Jakarta

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

sentifi.com

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