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This important collection is a timely contribution to the debate on the Asian financial crisis. With chapters written by well-established international experts in Asian economics, this book constitutes a finely judged example of the varying opinions on the matter.
This collection is a contribution to the debate on the Asian financial crisis. With chapters written by international experts in Asian economics, this work constitutes an example of the varying opinions on the matter.
The Republic of Korea's global expansion has been mirrored by its interest and presence in Southeast Asia. From trade, investment, aid, tourism, to the cultural "Korean wave", its various roles have blossomed and its influence has grown. The ASEAN region has not only affected Korean foreign policy, but also many aspects of Korean life, from the migration of Southeast Asian industrial workers to marriages and the curricula of academic institutions. This volume explores various aspects of these new relationships and their importance to all concerned parties. It brings together a group of specialists who have documented the growing interlocking roles between Korea and ASEAN and its constituent states in detail. These developments have profound implications for relations in the East and Southeast Asian regions, and for the world as a whole.
This book applies and develops the concept of “ersatz capitalism” in the analysis of industrial policy blockades to economic development in Malaysia and Indonesia. Drawing on insights from international political economy, development studies, industrial and innovation policy, and new institutionalism to refer to a specific type of capitalism, the book analyzes different paths and institutions of economic development within the entire East Asian region. Comprehensive theoretical insights are complemented by empirical case studies that relate to country and sectoral studies – the automotive and ICT industries – in Malaysia and Indonesia. Applying contemporary research on international political economy to refer to a specific type of capitalism, the author examines how conflicts of interest between factions of state apparatus, associations, and companies contribute to the failure of developmental policies. The unique combination of theory formation and empirical analysis provides a novel approach to international comparative research on capitalism. The book will be of interest to researchers in the fields of international political economy, development studies, new institutionalism, East Asian and Southeast Asian studies, and industrial and innovation policy.
Why do some small, developing countries industrialize and others don’t? What factors account for different economic performance among states that are vulnerable to external shocks, crony capitalism, and political instability? This book argues that the answer lies in the structuring of state power, specifically the way different sets of governing elites – political leaders and economic technocrats – are embedded in political organisations and state institutions, and the way these elites relate to each other in the economic development policy process. Conducting a comparative historical analysis of Thailand and the Philippines, the book argues that the institutional settings of governing elites influence economic outcomes. In Thailand, political power traditionally connects to state institutions in ways that has limited the impact of political turnovers and global downturns - conducive to long-term industrial activities. In contrast, Philippine state power derives from family networks that merge social and political power, suited to fast-moving, short-term commercial interests. In focusing on this political and institutional story, the author analyses the current development dilemmas of countries, weighed down by historical legacies of unstable regimes, dependency, and social conflict, and how they are likely to develop in the future.
Now available in paperback, this Handbook provides a comprehensive analysis of the major themes that have defined the politics of Southeast Asia. It provides a comprehensive and cutting-edge examination of this important subject. The introductory chapter provides an overview of the theoretical and ideological themes that have dominated the study of the region's politics and presents the different ways the complex politics of the region have been understood. The contributions by leading scholars in the field cover a range of broad questions about the dynamics of politics. The Handbook analyses how the dominant political and social coalitions of the region were forged in the Cold War era, and assesses the complex processes of transition towards various forms of democratic politics. How institutions and systems of governance are being forged in an increasingly global environment is discussed and whether civil society in Southeast Asia has really evolved as an independent sphere of social and political activity. The Handbook examines how national governments are dealing with growing tensions within the region as matters such as labour, human rights and the environment spill beyond national boundaries, and how they are establishing a place in the new global framework. By engaging the Southeast Asian experience more firmly with larger debates about modern political systems, the Handbook is an essential reference tool for students and scholars of Political Science and Southeast Asian studies.
At the epicenter of the world's most dynamic economic continent, Southeast Asia provides a window into some of the most important contemporary global developments in politics, and plays a crucial role in determining the wider region's future. The 3rd edition of this highly-acclaimed text provides a comprehensive analysis of Southeast Asia's remarkable variety of political systems, cultures and traditions, which are without exception all undergoing a variety of major changes. Written by a team of leading experts on Southeast Asia, this volume provides an accessible introduction to a region being buffeted by profound internal social transformation and great power confrontation, as well as the continuing challenges of economic development and environmental management. Comprehensive in its analysis and ambitious in scope, this book will be the perfect introduction for students interested in the culture, politics, economy and society of the nations of Southeast Asia.
This review evaluates the role of the state in development, offering a new framework for understanding what capabilities states need to overcome different types of market failures. This framework is employed to understand the successes and failures of state-led development in Malaysia. The review addresses three key questions. First, what do we know about developmental states and why they emerged? Second, what have developmental states achieved? In answering this question, I look not only at growth but also at structural transformation, economic “upgrading,” equity, and human capability enhancement. In contrast to the idea of a single “East Asian model” of development, I find five distinct development trajectories. Third, how did developmental states utilize state structures to pursue development? To answer this final question, I examine in depth the history of state-led development in Malaysia—including agricultural, industrial, and social policies. This case study sheds light on what specific institutional and political capacities helped Malaysia to improve productivity in agriculture, expand the manufacturing sector, and reduce inequality. It also explores why Malaysia has been less successful in developing linkages with the export-based manufacturing sector.
In this book, Xiaoke Zhang addresses two fundamental political and policy questions: why do politicians have heterogeneous incentives to pursue public-regarding policies through capital market reforms and why do they differ in their abilities to initiate and implement market reform policies decisively and resolutely?
The Routledge Handbook of Southeast Asian Economics offers new insights into the rapidly-developing economies of Southeast Asia. Despite widespread initial deprivation, Southeast Asia has achieved and sustained a remarkable rate of growth, in the course of which tens of millions have successfully escaped severe poverty. Though the economies of the region vary in many dimensions, integration into the wider East Asian network of production and trade is a notable common feature, one that continues a centuries-long history of engagement with global trade. A second striking feature is the pace and extent of transformation in the structure of production and in sources of household income in the region, which has undergone remarkably rapid industrialization and urban growth. However, the search for sustained and sustainable growth through and beyond middle-income continues to confront pressing economic and policy challenges. This Handbook offers a timely and comprehensive overview of Southeast Asian economic development. Organized according to the logic of chronological and thematic unity, it is structured in these sections: Growth and development over the long term Food, agriculture and natural resources Trade, investment and industrialization Population, labor, and human capital Poverty and political economy Twenty-first century challenges This original Handbook, written by experts in their fields, is unique in the breadth and depth of its coverage. Its forward-looking perspective renders it relevant both now and in the future. This advanced level reference work will be essential reading for students, researchers and scholars of Asian Studies, Economics and Southeast Asian studies.