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Economic Diversification And Primary Commodity Processing In The Second-Tier South-East Asian Newly Industrializing Countries

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  • JOMO K.S.
  • M. ROCK
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    Abstract

    Instead of simply relying on static comparative advantage considerations, the governments of the three second-tier South-East Asian newly industrializing countries of Indonesia, Malaysia and Thailand have all intervened to diversify their economies. Such diversification has included the promotion of new crops (e.g. oil palm) and natural resource exploitation, i.e. diversification of primary production, as well as the promotion of manufacturing. Besides import-substituting and export-oriented manufacturing, primary commodity processing and resource-based manufacturing more broadly have been very important for the industrialization of these countries. Malaysia´s palm-oil refining, Thailand´s agro-processing and Indonesia´s plywood manufacturing have figured significantly in their development of internationally competitive industrial capabilities.

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    Bibliographic Info

    Paper provided by United Nations Conference on Trade and Development in its series UNCTAD Discussion Papers with number 136.

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    Date of creation: 1998
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    Handle: RePEc:unc:dispap:136

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    Cited by:
    1. Terheggen, Anne, 2010. "The new kid in the forest: the impact of China's resource demand on Gabon's tropical timber value chain," MPRA Paper 37982, University Library of Munich, Germany.
    2. Sundaram, Jomo Kwame & Popov, Vladimir, 2013. "Whither Income Inequalities?," MPRA Paper 52154, University Library of Munich, Germany.
    3. Reinhardt, Nola, 2000. "Back to Basics in Malaysia and Thailand: The Role of Resource-Based Exports in Their Export-Led Growth," World Development, Elsevier, vol. 28(1), pages 57-77, January.
    4. Chang, Ha-Joon, 2000. "The Hazard of Moral Hazard: Untangling the Asian Crisis," World Development, Elsevier, vol. 28(4), pages 775-788, April.
    5. World Bank, 2011. "Trade Expansion through Market Connection : The Central Asian Markets of Kazakhstan, Kyrgyz Republic, and Tajikistan," World Bank Publications, The World Bank, number 2333.

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