Is There a Southeast Asian Development Model?
AbstractThe 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 InfoPaper provided by Department of International Economic Policy, University of Freiburg in its series Discussion Paper Series with number 26.
Length: 24 pages
Date of creation: Jan 2014
Date of revision: Jan 2014
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Development models; Southeast Asia; regional economic integration;
Other versions of this item:
- F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- O21 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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