The Commodity Export, Growth, and Distribution Connection in Southeast Asia 1500-1940
AbstractThis paper explores Southeast Asia's trade performance over the four and a half centuries from 1500 to 1940. It identifies the determinants of the commodity export performance – falling trade costs, income growth of its trading partners, and improved supply conditions at home. It also explores its impact on Southeast Asia's growth performance: trade specialization generated more macro volatility, de-industrialization, rising colonial power, and greater inequality up to World War 1, but these forces turned around in the region thereafter, including some modest industrial Catch-up. Finally, the paper elaborates on the distributional impact and colonial profitability of commodity export booms and busts throughout the last century.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 9364.
Date of creation: Feb 2013
Date of revision:
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Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-04-13 (All new papers)
- NEP-DEV-2013-04-13 (Development)
- NEP-HIS-2013-04-13 (Business, Economic & Financial History)
- NEP-SEA-2013-04-13 (South East Asia)
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