Promoting Learning and Industrial Upgrading in ASEAN Countries
Abstractï»¿This paper traces the effects of the â€œEast Asian Miracle,â€ the 1997â€“1998 Asian Crisis, the recovery, and the 2008â€“2009 global financial crisis on ASEAN countries. It also considers how ASEAN countries can sustain growth by leveraging production networks to facilitate technology transfer. To achieve this, ASEAN countries need to maintain an environment friendly to foreign investment by resisting corruption, providing consistent and coherent enforcement of laws and regulations at all governmental levels, and maintaining stable macroeconomic fundamentals. This paper then emphasizes that ASEAN countries should focus on climbing the value chain by investing in human capital. They can do this by providing children with adequate nutrition, healthcare, and primary education, providing high school students with a high quality education in science and math, and providing university students with scientific and engineering training. The educational system should also be careful to provide students with marketable skills that businesses need. Finally, the paper argues that ASEAN should promote regional financial integration to help channel savings to high-yielding investments in the region.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Macroeconomics Working Papers with number 23287.
Date of creation: Sep 2010
Date of revision:
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Learning and Industrial Upgrading; industrial upgrading; ASEAN Countries; Production Networks; global financial crisis; regional financial integration;
Other versions of this item:
- Thorbecke, Willem & Lamberte, Mario & Komoto, Ginalyn, 2010. "Promoting Learning and Industrial Upgrading in ASEAN Countries," ADBI Working Papers 250, Asian Development Bank Institute.
- Willem Thorbecke & Mario Lamberte & Ginalyn Komoto, 2010. "Promoting Learning and Industrial Upgrading in ASEAN Countries," Finance Working Papers 23287, East Asian Bureau of Economic Research.
- Willem Thorbecke & Mario Lamberte & Ginalyn Komoto, 2010. "Promoting Learning and Industrial Upgrading in ASEAN Countries," Working Papers id:2913, eSocialSciences.
- Willem Thorbecke & Mario Lamberte & Ginalyn Komoto, 2010. "Promoting Learning and Industrial Upgrading in ASEAN Countries," Trade Working Papers 23287, East Asian Bureau of Economic Research.
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jong-Wha Lee & Yung Chul Park & Kwanho Shin, 2003. "A Currency Union in East Asia," ISER Discussion Paper 0571, Institute of Social and Economic Research, Osaka University.
- Ehsan U. Choudhri & Dalia Hakura, 2000. "International Trade and Productivity Growth," IMF Working Papers 00/17, International Monetary Fund.
- Willem Thorbecke, 2011.
"Transpacific Imbalances and Macroeconomic Codependency,"
Macroeconomics Working Papers
23237, East Asian Bureau of Economic Research.
- Thorbecke, Willem, 2011. "Transpacific Imbalances and Macroeconomic Codependency," ADBI Working Papers 299, Asian Development Bank Institute.
- Willem Thorbecke, 2011. "Transpacific Imbalances and Macroeconomic Codependency," Governance Working Papers 23237, East Asian Bureau of Economic Research.
- THORBECKE, Willem & Hao-Kai PAI, 2013. "The Sophistication of East Asian Exports," Discussion papers 13092, Research Institute of Economy, Trade and Industry (RIETI).
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