Explaining the Dynamics of the Southeast Asian Political Economy: State, Society, and the Search for Economic Growth

1993 ◽  
Vol 45 (4) ◽  
pp. 629-660 ◽  
Author(s):  
Gary Hawes ◽  
Hong Liu
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Economic Transformation ◽  
The Other ◽  
Future Research ◽  
Capitalist Class ◽  
Rapid Economic Growth ◽  
Role Of The State ◽  
Structuralist Framework

This essay reviews two sets of books that explore the origins and dynamics of Southeast Asia's growth and economic transformation. One set of books utilizes a structuralist framework and emphasizes the role of the state in creating a (now) powerful capitalist class. The other set of books utilizes an institutionalist framework to explain how new patterns of private/public sector collaboration have resulted in rapid economic growth. The authors point to weaknesses in both approaches and to areas where the two approaches can be fruitfully synthesized. They also offer suggestions for future research.

scholarly journals What Drives the Rapid Economic Growth in Azerbaijan? - An Application of the Solow Model

2016 ◽  
Vol 12 (22) ◽  
pp. 380
Author(s):  
Shaokai Huang
Keyword(s):  
Economic Growth ◽  
Economic Transformation ◽  
Middle Income Country ◽  
Solow Model ◽  
Middle Income ◽  
Oil Companies ◽  
Production Sharing ◽  
Rapid Economic Growth ◽  
The Impact

Azerbaijan has undergone significant economic transformation and development since the country’s independence in 1991. Azerbaijan has quickly transformed itself into an upper middle income country. The rapid economic development is mainly attributed to the exploitation of hydrocarbon resources (through production sharing agreements with foreign oil companies and foreign direct investment). Substantial reforms intended to support a market-based economy have been instrumental in facilitating economic growth. This paper applies the Slow Model to explain factors that drive the rapid economic growth in Azerbaijan. This paper discusses the theoretical role of capital, labor, and technology in economic growth and illustrates the impact of corresponding factors in practice, i.e., foreign investment, labor force, education, and technology, on Azerbaijan’s economic growth.

Class and Conflict

2020 ◽  
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
The Political ◽  
Role Of The State ◽  
Economic Climate ◽  
Wide Range ◽  
Crony Capitalism ◽  
Political Economy Of Development ◽  
Agrarian Crisis

In 1984, Pranab Bardhan published his classic work The Political Economy of Development in India. It went on to become one of the most influential references on the political economy of development in the pre-reform period of independent India. Class and Conflict reflects on the enduring influence of Bardhan’s original publication in the context of post-liberalization developments in India. Drawing on their own world-leading research, the contributors to this volume engage with a wide range of issues, such as whether big business dominates India today, how subsidies retard economic growth, and how the middle classes are transforming politics. Together they try to answer the big question: what has really changed in the political and economic climate of the country over the last 30 years? Exploring the continuities and changes that have characterized India’s political economy since 1984, this volume takes stock of the main challenges of India’s economic development today. It contributes to current debates on economic growth, crony capitalism, agrarian crisis, the politics of class and caste, and the role of the state in a liberalizing economy.

Japan's Role in Asia-Pacific Cooperation

1991 ◽  
Vol 513 (1) ◽  
pp. 25-37 ◽  
Author(s):  
SABURO OKITA
Keyword(s):  
United States ◽  
Economic Growth ◽  
International Economic ◽  
The United States ◽  
Growth Potential ◽  
The Other ◽  
Asia Pacific ◽  
Asia Pacific Economic Cooperation ◽  
Rapid Economic Growth ◽  
International Trading

The Asia-Pacific countries achieved rapid economic growth with the flying-goose model in the 1980s, growth buttressed by export-oriented development strategies and the policy culture in these countries. While Japan and the other Asia-Pacific countries still have strong growth potential, many problems remain, including trade imbalances with the United States and the rise of protectionism there, the Asia-Pacific economies' vulnerability, and the need to consolidate the infrastructure for growth. It is imperative that Japan contribute to the development of the region by responding effectively to these issues and that it strengthen the international trading arrangements by promoting Asia-Pacific cooperation premised on openness. Given the region's great internal diversity, Asia-Pacific economic cooperation can well serve as a model for international economic coordination.

Mexico's Pre-Revolutionary Reckoning with Railroads

1985 ◽  
Vol 42 (1) ◽  
pp. 1-28 ◽  
Author(s):  
Robert W. Randall
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Transportation Network ◽  
Underdeveloped Country ◽  
Role Of The State ◽  
Economic Interpretation ◽  
Short Run ◽  
Railway System ◽  
Economic Considerations

Economic considerations all but dominate recent historical writing in this country about the railroads of Mexico. Technical matters of construction and operation, as well as the role of the state in both, are touched upon, but economic interpretation, whether of the development of a railway system or of its impact on the nation, is the watchword if not catchword of most writing. Probably the leading example of the dominant approach is Growth against Development: The Economic Impact of Railroads in Porfirian Mexico (Northern Illinois University Press, 1981), by John H. Coatsworth, in which the author concludes that, while “the short run contribution of railroads to economic growth was large,” their longrun impact helped “to create the underdeveloped country Mexico has become.” Applying economic theory and measuring, Coatsworth in essence proves with numbers a case argued more elegantly in straight prose early in this century: that the application of a modern transportation network to a staple producing economy will do little more than extend and intensify the production system so as to increase the staple output.

Rethinking Intersections of Crime and Terrorism: Insights from Political Economies of Violence

2021 ◽  
Author(s):  
Mariya Y Omelicheva ◽  
Lawrence P Markowitz
Keyword(s):  
Cold War ◽  
Organized Crime ◽  
Local Politics ◽  
Future Research ◽  
Post Cold War ◽  
Role Of The State ◽  
State Participation ◽  
Terrorist Groups ◽  
Political Economies

Abstract The post–Cold War environment has ushered in an era of threats from terrorism, organized crime, and their intersections giving rise to the growing literature on the so-called crime–terror nexus. This article takes stock of this literature, assesses its accomplishments and limitations, and considers ways to deepen it conceptually, theoretically, and empirically. To challenge assumptions informing the crime–terror studies and suggest avenues for future research, the article draws on ideas from the scholarship on political economies of violence. These insights are used to probe the (1) non-state actors that form the crime–terror nexus, (2) conditions under which the nexus is likely to emerge, and (3) varied effects of criminal–terrorist intersections. The article emphasizes the ties of criminal and terrorist groups to local politics, society, and economy, and relationships of competition, rather than cooperation, which often characterize these ties. The conditions under which these groups operate cannot be understood without considering the role of the state in criminal–terrorist constellations. The structure of resource economies influences both the preferences of terrorist groups for crime and the consequences of terrorist–criminal convergence, which are also mediated by state participation in crime.

scholarly journals A WAR WITHOUT INFLATION: THE CASE OF ARGENTINA 1865–1870

2021 ◽  
pp. 1-9
Author(s):  
Carlos Newland
Keyword(s):  
Economic Growth ◽  
Money Supply ◽  
Currency Substitution ◽  
The Other ◽  
Demand For Money ◽  
Other Hand ◽  
Rapid Economic Growth

ABSTRACT Although paper note issuance increased dramatically in Argentina during the Triple Alliance War, inflation was not significant. This occurred because only a fraction of the increase in paper bills led to an expansion of the money supply, the rest being currency substitution. On the other hand, an increase in the demand for money for transactions was generated by rapid economic growth.

Conclusion and Recommendations

2014 ◽  
pp. 226-238
Keyword(s):  
Economic Growth ◽  
Growth Process ◽  
Financial Sector ◽  
Policy Implications ◽  
Future Research ◽  
Financial Sector Development ◽  
Research Findings ◽  
Potential Channels

This book started with a brief review of different outlooks on the role of financial sector development in the process of economic growth. Then it highlighted the fact that recent studies, particularly those originating from modern growth theory, suggest that financial intermediation affects growth through various channels. To test this proposition, an empirical model was built, data were obtained, empirical tests were carried out, and results were discussed. The final chapter in this book, therefore, summarises key research findings and discusses the potential channels through which financial sector development affects the economic growth process. The chapter further highlights contributions of this research to growth studies, discusses policy implications arising from the findings of this research, and provides directions for future research and analysis.

10. Global Political Economy

2021 ◽  
pp. 223-249
Author(s):  
Stephanie Lawson
Keyword(s):  
Political Economy ◽  
Global Economy ◽  
Historical Perspective ◽  
International Political Economy ◽  
Global Politics ◽  
Traditional Role ◽  
Global Political Economy ◽  
The North ◽  
Role Of The State

This chapter offers an overview of the field of Global Political Economy (GPE)—also known as International Political Economy (IPE). It builds on themes introduced in previous chapters, including connections with theories of global politics. These are discussed from a historical perspective to enable a better appreciation of how ideas, practices, and institutions develop and interact over time. These theories arose substantially within a European context, although the extent to which these may be applied uncritically to issues of political economy in all parts of the globe must be questioned. Significant issues for GPE include trade, labour, the interaction of states and markets, the nexus between wealth and power, and the problems of development and underdevelopment in the global economy, taking particular account of the North–South gap. The chapter then discusses the twin phenomena of globalization and regionalization and the way in which these are shaping the global economy and challenging the traditional role of the state. An underlying theme of the chapter is the link between economic and political power.

Security Dilemma, Minority Complex, Greed, and Political Economy

2018 ◽  
pp. 139-170
Author(s):  
Anthony Ware ◽  
Costas Laoutides
Keyword(s):  
Political Economy ◽  
Cultural Groups ◽  
Growth Data ◽  
Social Psychological ◽  
Security Dilemma ◽  
Cultural Survival ◽  
Majority Group ◽  
Role Of The State ◽  
The Impact

This chapter explores the nature of Myanmar’s ‘Rohingya’ conflict against concepts of a demographic security dilemma, an ethnic security dilemma, a dual minority complex, and then the question of the impact of resources through two lenses, the ‘greed thesis’ and the political economy of conflict. It examines Rohingya population growth data, and the tripartite nature of the ethnic security dilemma, which suggests that times of political transition can facilitate heightened fears between rival ethnic or cultural groups and make them more vulnerable to extremist narratives and recourse to violence. It explores the deep sense of existential threat experienced by all parties, and how, from a regional and social-psychological perspective, a majority group within a country or region can feel as if they are a threatened minority competing for territorial and cultural survival. The chapter then moves into a discussion about the role of the State in the conflict, often overlooked or downplayed yet vitally important. It then considers the economic aspects of the conflict, analyzing these from ‘greed thesis’ and political economy perspectives, highlighting the interplay between the pre-existing conflict and the post-transition economic dynamics in the region.

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