The ASEAN Services Sector and the Growth Rebalancing Model
The 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.
|Date of creation:||07 Sep 2010|
|Date of revision:|
|Contact details of provider:|| Postal: Kasumigaseki Building 8F, 3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo 100-6008, Japan|
Fax: (81-3) 3593-5571
Web page: http://www.adbi.org/
More information through EDIRC
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.:
- Fernandes, Ana M., 2007.
"Structure and performance of the services sector in transition economies,"
Policy Research Working Paper Series
4357, 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.
- 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.
- Ajitava Raychaudhuri & Prabir De, 2007.
"Assessing Barriers to Trade in Education Services in Developing Asia - Pacific Countries:An Empirical Exercise,"
3407, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
- Ajitava Raychaudhuri & Prabir De, 2007. "Assessing Barriers to Trade in Education Services in Developing Asia - Pacific Countries: An Empirical Exercise," ARTNeT Working Papers 32, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
- 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.
- Hoekman, Bernard, 2006. "Liberalizing trade in services : a survey," Policy Research Working Paper Series 4030, The World Bank.
- Yung Chul Park, 2009. "The Global Economic Crisis, Regional Policy Coordination and Rebalancing Growth in Asia," EABER Working Papers 22856, East Asian Bureau of Economic Research.
- Park, Yung Chul, 2009. "The Global Economic Crisis and Rebalancing Growth in East Asia," ADBI Research Policy Briefs 31, Asian Development Bank Institute.
- Claire HOLLWEG & Marn-Heong WONG, 2009. "Measuring Regulatory Restrictions in Logistics Services," Working Papers d017, Economic Research Institute for ASEAN and East Asia (ERIA).
- Arunanondchai, Jutamas & Fink, Carsten, 2007. "Trade in health services in the ASEAN region," Policy Research Working Paper Series 4147, The World Bank.
- Dessus, Sebastien, 2001. "Human capital and growth : the recovered role of education systems," Policy Research Working Paper Series 2632, The World Bank.
When requesting a correction, please mention this item's handle: RePEc:ris:adbiwp:0246. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marc Benger)
If references are entirely missing, you can add them using this form.