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Globalization and Openness: Lessons from the Recent Crisis in Southeast Asia

Author

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  • Chirathivat Suthiphand
  • Mansoob Murshed

Abstract

Up until the recent crisis, the Southeast Asian region had been regarded as one of the most dynamic regions in the global economy. Their industrial structures have undergone a process of adjustment into more capital-intensive and technologically sophisticated manufacturing sectors. These adjustments created intra-regional flows of foreign direct investment (FDI) followed by the expansion of capital and intermediate goods intrafirm and intra-industry trade among regional economies. The paper argues that globalization and openness are not entirely responsible for the recent Asian crisis.

Suggested Citation

  • Chirathivat Suthiphand & Mansoob Murshed, 2001. "Globalization and Openness: Lessons from the Recent Crisis in Southeast Asia," WIDER Working Paper Series DP2001-35, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2001-35
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2001-35.pdf
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    Cited by:

    1. Heshmati, Almas, 2004. "The Relationship between Income Inequality, Poverty and Globalisation," IZA Discussion Papers 1277, Institute of Labor Economics (IZA).
    2. Almas Heshmati, 2003. "Measurement of a Multidimentional Index of Globalization and its Impact on Income Inequality," WIDER Working Paper Series DP2003-69, World Institute for Development Economic Research (UNU-WIDER).

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