Southeast Asia beyond crises and traps : economic growth and upgrading

Description

This book examines five countries in South East Asia that are instructive case studies of how the region has had to negotiate pathways of development beyond crises and traps. At two ends of just one decade, 1997–2007, Indonesia, Malaysia, the Philippines, Thailand and Vietnam all had to weather the shocks of an East Asian financial crisis and a global financial crisis. Some economies might have buckled completely under those shocks and been condemned to long-term stagnation. Yet these five economies, part of the larger Asian region, emerged with continued if slower economic growth. An important theme of this book is that their resilience has been partly derived from the pursuit of growth and competitiveness along less known or recommended pathways. The chapters of this book take a novel approach to South East Asia’s search for growth and improvement. They do not begin by evaluating how far macro-level performances would take a particular country towards high-income status. Instead they provide original insights into actual cases of intermediate ways of achieving growth, upgrading and income improvement in non-privileged sectors. Such cases may hold more relevant lessons for the majority of developing countries than the experiences of highly developed economies. Front Matter ....Pages i-xx Southeast Asia: Beyond Crises and Traps (Khoo Boo Teik, Keiichi Tsunekawa)....Pages 1-32 Front Matter ....Pages 33-33 New Growth Strategies of Thailand’s Big Firms in the ASEAN Economic Community Era (Akira Suehiro)....Pages 35-69 State, Industry, and Business in Indonesia’s Transformation (Yuri Sato)....Pages 71-99 Vietnam’s Post-WTO Industrial Development: Strategies and Realities (Mai Fujita)....Pages 101-130 Malaysia’s Transformation: High Income, Middle Capability (Hwok-Aun Lee)....Pages 131-164 Front Matter ....Pages 165-165 Industrial Innovation in Thailand: The Electronics, Automotive and Seafood Sectors (Patarapong Intarakumnerd)....Pages 167-192 Upgrading Malaysia’s Rubber Manufacturing: Trajectories and Challenges (Motoko Kawano)....Pages 193-223 Philippine Services Sector: Domestic Policy and Global Markets (Antoinette R. Raquiza)....Pages 225-249 Indonesia’s Mining Industry, 1997–2014: An Institutional Assessment (Wahyu Prasetyawan)....Pages 251-276 Towards a Southeast Asian Variety of Capitalism? (Veerayooth Kanchoochat)....Pages 277-295 Back Matter ....Pages 297-309