Approaches to the Politics of Economic Growth in Southeast Asia

1991 ◽  
Vol 50 (4) ◽  
pp. 818-849 ◽  
Author(s):  
Richard F. Doner
Keyword(s):  
Economic Growth ◽  
Hong Kong ◽  
South Korea ◽  
East Asian ◽  
The Philippines ◽  
Industrialized Countries ◽  
Newly Industrialized Countries ◽  
The Past ◽  
Commodity Production ◽  
The Pacific

The pacific rim's record of impressive economic growth over the past twenty years is now well known. While most obvious in Japan, this expansion has been striking in the East Asian Newly Industrialized Countries (NICs): Singapore, Hong Kong, South Korea, and Taiwan. But it has also occurred to varying degrees in four of the original members of the Association of Southeast Asian Nations (ASEAN): Indonesia, Malaysia, the Philippines, and Thailand. In addition to increases in overall output, each of these four economies has achieved a considerable degree of restructuring in favor of manufacturing and away from commodity production since the 1970s (e.g., Lee and Naya 1988:S134).

Exploring the Asian Economic Miracle: Politics, Economics, Society, Culture, and History — A Review Article

1994 ◽  
Vol 53 (1) ◽  
pp. 124-131 ◽  
Author(s):  
Terutomo Ozawa
Keyword(s):  
Hong Kong ◽  
South Korea ◽  
The Philippines ◽  
Review Article ◽  
The Political ◽  
Political Systems ◽  
Industrial Activities ◽  
Economic Miracle ◽  
The Pacific ◽  
Pacific Asia

Structural upgrading and industrial dynamismin Pacific Asia—initially Japan, then the Asian NIEs (Newly Industrializing Economies: South Korea, Taiwan, Hong Kong, and Singapore) following closely behind, and most recently, ASEAN 4 (Thailand, Malaysia, Indonesia, and the Philippines)—have been unprecedentedly phenomenal. This regional supergrowth in industrial activities has become the center of attention, but the evolving changes in the political systems and societal structures of the Pacific Asian nations have been, no doubt, equally important, although rather subtle and not so dramatic in appearance.

State Power Beyond the ‘Territorial Trap’: The Internationalization of the State

2004 ◽  
Author(s):  
Jim Glassman
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
East Asian ◽  
The State ◽  
Industrialized Countries ◽  
Industrial Transformation ◽  
Newly Industrialized Countries ◽  
Liberal Approach ◽  
Third World Development ◽  
The One

The 1980s were marked by two seemingly antithetical tendencies in theorizing about states. On the one hand, a strong neo-liberal current connected with the rise of Thatcherism–Reaganism—which was deeply imbued with neo-classical economic assumptions—called into question the power or competence of states, suggesting that the states which governed best were those which governed least. Advocates of this position who attended to Third World development issues were particularly convinced that the rise of East Asian newly industrialized countries (NICs), such as South Korea and Taiwan, constituted evidence that states could best facilitate economic growth and development by maintaining open, export-oriented regimes in which markets were allowed to work unhindered (Balassa 1981; Little 1981; Bhagwati 1988). On the other hand, by the late 1980s, a school of neo-Weberian scholarship developed in direct response to this neo-liberal approach. Taking issue with the neo-liberals’ characterizations of East Asian economic growth, a series of these neo-Weberian scholars showed that state intervention in the economy was far more extensive than the neo-liberals had allowed, and that moreover such interventions seemed to have been successful in fomenting industrial transformation (Evans 1989; 1995; Amsden 1989; 1990; Wade 1990). The neo-Weberians raised telling arguments and evidence against the neo-liberal position, and it is perhaps a small but significant sign of their success that the World Bank grudgingly acknowledged not only the heavy presence of the state in East Asian industrialization but also some limited efficacy to that presence, especially in the financial sector (World Bank 1993; Amsden 1994; Wade 1996b). If this was a victory for the neo-Weberians, however, it may well prove pyrrhic now that the powerful East Asian growth dynamic has been slowed by forces that few states in the region appear willing or able to control. Indeed, and paradoxically perhaps, the more neoclassically inclined now seem to acknowledge the existence of ‘strong states’ in East Asia and use their existence not to explain economic success but rather to explain the economic crisis that spread through the region during 1997–8.

Emissions and trade in Southeast and East Asian countries: a panel co-integration analysis

2015 ◽  
Vol 7 (4) ◽  
pp. 460-475 ◽  
Author(s):  
Mansor H. Ibrahim ◽  
Syed Aun R. Rizvi
Keyword(s):  
Hong Kong ◽  
South Korea ◽  
East Asian ◽  
Estimation Method ◽  
The Philippines ◽  
Least Square ◽  
Trade Policies ◽  
Asian Countries ◽  
Content Type ◽  
Long Run

Purpose – The purpose of this paper is to analyse the implication of trade on carbon emissions in a panel of eight highly trading Southeast and East Asian countries, namely, China, Indonesia, South Korea, Malaysia, Hong Kong, The Philippines, Singapore and Thailand. Design/methodology/approach – The analysis relies on the standard quadratic environmental Kuznets curve (EKC) extended to include energy consumption and international trade. A battery of panel unit root and co-integration tests is applied to establish the variables’ stochastic properties and their long-run relations. Then, the specified EKC is estimated using the panel dynamic ordinary least square (OLS) estimation technique. Findings – The panel co-integration statistics verifies the validity of the extended EKC for the countries under study. Estimation of the long-run EKC via the dynamic OLS estimation method reveals the environmentally degrading effects of trade in these countries, especially in ASEAN and plus South Korea and Hong Kong. Practical implications – These countries are heavily dependent on trade for their development processes, and as such, their impacts on CO2 emissions would be highly relevant for assessing their trade policies, along the line of the gain-from-trade hypothesis, the race-to-the-bottom hypothesis and the pollution-safe-haven hypothesis. Originality/value – The analysis adds to existing literature by focusing on the highly trading nations of Southeast and East Asian countries. The results suggest that reassessment of trade policies in these countries is much needed and it must go beyond the sole pursuit of economic development via trade.

On IMF debt and capital control: evidence from Malaysia, Thailand, Indonesia, the Philippines and South Korea

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Azhar Mohamad ◽  
Imtiaz Mohammad Sifat ◽  
Hassanudin Mohd Thas Thaker ◽  
Anwar Muhammad Noor
Keyword(s):  
Economic Growth ◽  
South Korea ◽  
Design Methodology ◽  
Econometric Model ◽  
East Asian ◽  
External Debt ◽  
The Philippines ◽  
Capital Control ◽  
Content Type ◽  
East Asian Economies

Purpose This study aims to investigate the effects of capital control and external debts after the 1997 financial crisis. Design/methodology/approach Using system estimation approach, the authors estimate a panel data-based econometric model for data on Malaysia, Thailand, Indonesia, the Philippines and South Korea from 1990 to 2017. Findings The authors find that on average, the crisis-hit South East Asian economies choosing external debt perform better in achieving greater economic growth and rebound better compared to economies imposing capital control. Originality/value This study attempts to answer whether a crisis-hit country should impose capital control or opt for external debt to recuperate from the crisis.

AN EMERGENCE OF A COMMON CURRENCY AREA IN THE SELECTED EAST ASIAN ECONOMIES: A REVISIT

2010 ◽  
Vol 55 (02) ◽  
pp. 353-376 ◽  
Author(s):  
SIEW-CHOO SOO ◽  
CHEE-KEONG CHOONG
Keyword(s):  
Economic Growth ◽  
Hong Kong ◽  
East Asian ◽  
Variance Decomposition ◽  
The Philippines ◽  
Common Currency ◽  
Currency Area ◽  
East Asian Economies ◽  
Over Time ◽  
Country Specific

The study attempts to re-investigate the possibility of emergence of a single currency area in East Asian (EA) countries by comparing both pre- and post-financial crisis periods. Using variance decomposition and impulse analyses, we investigated whether the selected EA economies — Hong Kong, Indonesia, Korea, Malaysia, the Philippines, and Singapore — are heavily segmented or instead integrated by focusing on the three different shocks, namely global-, regional-, and country-specific shocks. This paper finds that most economies could be described as heavily segmented, especially during the pre-crisis period (before July 1997). However, over time, the degree of segmentation experienced by some of these economies has declined significantly, particularly that of Hong Kong, Korea, and Singapore. The analyses also indicate that few economies, especially Indonesia and the Philippines, are being influenced by the performance of the Japanese economic growth to a greater extent than they were previously.

The Irresistible Rise of Asian Cinema 1

1994 ◽  
Author(s):  
Gerald Pratley
Keyword(s):  
Hong Kong ◽  
South Korea ◽  
Motion Pictures ◽  
The Philippines ◽  
New Wave ◽  
World Today ◽  
The World ◽  
Production Activity ◽  
Exciting Development ◽  
Asian Cinema

PRODUCTION ACTIVITY It was not so many years ago it seems when speaking of motion pictures from Asia meant Japanese films as represented by Akira Kurosawa and films from India made by Satyajit Ray. But suddenly time passes and now we are impressed and immersed in the flow of films from Hong Kong, Taiwan, China, South Korea, the Philippines, with Japan a less significant player, and India and Pakistan more prolific than ever in making entertainment for the mass audience. No one has given it a name or described it as "New Wave," it is simply Asian Cinema -- the most exciting development in filmmaking taking place in the world today. In China everything is falling apart yet it manages to hold together, nothing works yet it keeps on going, nothing is ever finished or properly maintained, and yes, here time does wait for every man. But as far...

The Golf Boom in South Korea: Serving Hegemonic Interests

1992 ◽  
Vol 9 (4) ◽  
pp. 372-384 ◽  
Author(s):  
Minseok An ◽  
George H. Sage
Keyword(s):  
Economic Growth ◽  
South Korea ◽  
Political Stability ◽  
Golf Courses ◽  
Farm Land ◽  
The Past ◽  
Social Incentives ◽  
The Social ◽  
Industrial Productivity ◽  
The Government

In the past decade, to help maintain political stability and promote economic growth, South Korea has committed substantial resources to commercialized sports, including golf. A major source of support for building golf courses has come from government leaders and economic and social incentives as well. In the past 4 years the government has given permission to build 135 new golf courses. The official government discourse about the new golf courses is that they are being built in the interest of “sport for all.” But the golf courses overwhelmingly require membership, which is extremely expensive. Despite the enormous power and resources of the dominant groups in Korea, there are elements of opposition. The golf boom has been severely criticized because it removes large amounts of land from agricultural and industrial productivity, contaminates farm land, and pollutes water. It also represents the worst aspects of the social imbalance of wealth.

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