The ASEAN Services Sector and the Growth Rebalancing Model
AbstractThe growth rebalancing model, which places the nontradable services sector on center stage, is important to spur on faster growth in this sector and tap its potential to become another engine of growth for ASEAN economies. While ASEAN countries have allocated the bulk of their fiscal stimulus packages to infrastructure spending, the present levels are nevertheless considered insufficient to create a large impact on growth. By focusing on the provision of infrastructure and social services like power, ports, roads, and mass transit, along with health and education, governments can address the large investment backlogs in these sectors. Except for Singapore, ASEAN countries remain protective of their services sectors. To encourage and renew private sector interest in infrastructure investment in the region, governments have an important role to play in creating an enabling environment, particularly in maintaining an efficient and competitive services sector.The growth rebalancing model`s emphasis on environmental protection, low carbon growth, and green strategies places the spotlight on new areas of services investment where ASEAN countries could develop market niches. Thus, ASEAN governments should pursue policies that support these new growth areas by encouraging research and development, strengthening mechanisms for the transfer of green technology, and promoting greater private sector participation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Philippine Institute for Development Studies in its series Discussion Papers with number DP 2011-01.
Date of creation: 2011
Date of revision:
transportation; Philippines; service industry; international trade and finance;
Other versions of this item:
- Aldaba, Rafaelita M. & Pasadilla, Gloria O., 2010. "The ASEAN Services Sector and the Growth Rebalancing Model," ADBI Working Papers 246, Asian Development Bank Institute.
- Rafaelita M. Aldaba & Gloria O. Pasadilla, 2010. "The ASEAN Services Sector and the Growth Rebalancing Model," Working Papers id:2922, eSocialSciences.
- F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
- L80 - Industrial Organization - - Industry Studies: Services - - - General
- L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-23 (All new papers)
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.:
- Claire HOLLWEG & Marn-Heong WONG, 2009. "Measuring Regulatory Restrictions in Logistics Services," Working Papers d017, Economic Research Institute for ASEAN and East Asia (ERIA).
- Francois, Joseph & Wooton, Ian, 2007.
"Market structure and market access,"
Policy Research Working Paper Series
4151, The World Bank.
- Joseph F. Francois & Ian Wooton, 2007. "Market structure and market access," Economics working papers 2007-06, Department of Economics, Johannes Kepler University Linz, Austria.
- Joseph Francois & Ian Wooton, 2008. "Market Structure and Market Access," CESifo Working Paper Series 2239, CESifo Group Munich.
- Fink, Carsten & Mattoo, Aaditya & Neagu, Ileana Cristina, 2005.
"Assessing the impact of communication costs on international trade,"
Journal of International Economics,
Elsevier, vol. 67(2), pages 428-445, December.
- Fink, Carsten & Mattoo, Aaditya & Neagu, Ileana Cristina, 2002. "Assessing the impact of communication costs on international trade," Policy Research Working Paper Series 2929, The World Bank.
- Ana M. Fernandes, 2009.
"Structure and performance of the service sector in transition economies,"
The Economics of Transition,
The European Bank for Reconstruction and Development, vol. 17(3), pages 467-501, 07.
- Fernandes, Ana M., 2007. "Structure and performance of the services sector in transition economies," Policy Research Working Paper Series 4357, The World Bank.
- Fink, Carsten & Mattoo, Aaditya & Rathindran, Randeep, 2003.
"An assessment of telecommunications reform in developing countries,"
Information Economics and Policy,
Elsevier, vol. 15(4), pages 443-466, December.
- Fink, Carsten & Mattoo, Aaditya & Rathindran, Randeep, 2002. "An assessment of telecommunications reform in developing countries," Policy Research Working Paper Series 2909, The World Bank.
- Arunanondchai, Jutamas & Fink, Carsten, 2007. "Trade in health services in the ASEAN region," Policy Research Working Paper Series 4147, The World Bank.
- Hoekman, Bernard, 2006. "Liberalizing trade in services : a survey," Policy Research Working Paper Series 4030, The World Bank.
- Park, Yung Chul, 2009. "The Global Economic Crisis and Rebalancing Growth in East Asia," ADBI Research Policy Briefs 31, Asian Development Bank Institute.
- Ajitava Raychaudhuri & Prabir De, 2007. "Assessing Barriers to Trade in Education Services in Developing Asia - Pacific Countries:An Empirical Exercise," Working Papers 3407, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Aniceto Orbeta).
If references are entirely missing, you can add them using this form.