Yet policy makers in the countries concerned cannot and should not shy away from these challenges - in the self-interest of the countries concerned but also in the interest of others. It is encouraging that certain countries have taken important steps to tackle these challenges and are reaping the first rewards.
That also confirms that the IMF has pointed these countries in the right direction. BIS Review 59/1998  -3-  And secondly, some structural problems of the Asian emerging economies are by no means unique.