Special Issue "Economic Development in Southeast Asia"
A special issue of Economies (ISSN 2227-7099).
Deadline for manuscript submissions: closed (31 July 2016) | Viewed by 35865
2. Ash Center for Democratic Governance and Innovation, Harvard Kennedy School, 79 John F. Kennedy Street, Mailbox 74, Cambridge, MA 02138, USA
Interests: development economics; Southeast Asia
Southeast Asia is at a critical juncture. Its growth in the past decade has shifted somewhat from exporting manufactures—which have grown to an extent—to exporting raw materials, often to China. As China’s wages rise and its growth slows, this co-dependence will have to shift to a new paradigm. However, the relatively resource-rich ASEAN economies (Singapore aside) have been slow to upgrade their educational systems, and, in many cases, their institutions. Macroeconomic management has been reasonably good on the whole and FDI inflows have been rising, yet most of the major economies have stayed in the 4%–6% growth range (averaged over the last five years); these figures are much lower than the 7%–9% registered in earlier periods. This coincides, probably not incidentally, with a lack of improvement, or very modest improvement, in governance indicators. Switching to a new “normal” with a need for better management of investment and institutional efficiencies will be hard. These articles explore various aspects of the challenge.
Prof. Dr. David O. Dapice
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