Export Boom Drives Economic Growth in South-East Asia, Study Finds
The study looked at how exports, economic growth, and financial development are connected in nine South and South East Asian countries from 1974 to 2015. They found that in some countries, economic growth and exports influence each other, while in others, exports affect economic growth. Financial development also plays a role in export growth in some countries. The research suggests that governments should focus on supporting and protecting export industries to boost economic growth.