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Is There a Southeast Asian Development Model?

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  • Hal Hill

    ()
    (Australian National University)

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Abstract

The 10 states of Southeast Asia have combined to form the developing world’s most successful and durable regional grouping, the Association of Southeast Asian Na-tions, ASEAN. Economic integration among them is high and increasing. The ambi-tious ASEAN Economic Community is scheduled to take effect from December 2015, and should further accelerate this integration. But the socio-economic and institution-al disparities among them are also very large. This paper therefore asks the ques-tion, does it make sense to contemplate a ‘Southeast Asian development model’? Given this diversity, such a model obviously does not yet exist. But over time, these countries are converging with respect to their openness, their macroeconomic man-agement and some aspects of their social policy. The poorer countries are generally growing faster than the richer ones, suggesting gradual convergence. There are also important spillover and demonstration effects evident from the region’s leaders to its followers. Whether these developments will lead to the adoption of some sort of co-herent regional development strategies remains to be seen.

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Bibliographic Info

Paper provided by Department of International Economic Policy, University of Freiburg in its series Discussion Paper Series with number 26.

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Length: 24 pages
Date of creation: Jan 2014
Date of revision: Jan 2014
Handle: RePEc:fre:wpaper:26

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Keywords: Development models; Southeast Asia; regional economic integration;

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  1. Booth, Anne, 1999. "Initial Conditions and Miraculous Growth: Why is South East Asia Different From Taiwan and South Korea?," World Development, Elsevier, vol. 27(2), pages 301-321, February.
  2. Menon, Jayant, 2008. "Cambodia's Persistent Dollarization: Causes and Policy Options," Working Papers on Regional Economic Integration 19, Asian Development Bank.
  3. Huff, W G, 1995. "What Is the Singapore Model of Economic Development?," Cambridge Journal of Economics, Oxford University Press, vol. 19(6), pages 735-59, December.
  4. Hadi SOESASTRO, 2006. "Regional Integration in East Asia: Achievements and Future Prospects," Asian Economic Policy Review, Japan Center for Economic Research, vol. 1(2), pages 215-234.
  5. Krisztina Kis-Katos & Günther G. Schulze, 2013. "Corruption in Southeast Asia: a survey of recent research," Asian-Pacific Economic Literature, Asia Pacific School of Economics and Government, The Australian National University, vol. 27(1), pages 79-109, 05.
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