Underlining issues of emerging economies: a case of East and Southeast Asian Countries

Mohammad Rezaul Karim and Md. Mizanur Rahman
Additional contact information
Mohammad Rezaul Karim: Bangladesh Public Administration Training Centre, Deputy Director, Dhaka, Bangladesh
Md. Mizanur Rahman: Bangladesh Public Administration Training Centre, Research Officer, Dhaka, Bangladesh

Journal of Regional Economics, 2023, vol. 2, issue 1, 14-25

Abstract: Overall development of a country largely depends on the economic policy instruments particularly fiscal and monetary policy to streamline the development and continue the developmental progress. These two policies have significant effects on long-term growth. It is noticed that policy adoption and reforms in both fiscal and monetary policies undertaken by Southeast Asian nations during the 1960s through 1990s have contributed to their advancement. This paper discusses the strategies for flourishing as emerging economies. Examples from Singapore, Thailand and Vietnam are highlighted in this study. It is found that prudent fiscal and monetary policy, effective discounting and interest rate; modernized tax system and most importantly policy regime are the contributing factors of these emerging economies. However, in spite of high-income growth and development because of supportive these policy initiatives, administrative and politico-economic constraints challenged the path of economies. Long-term development strategies are suggested to sustain the growth and continue the development pace.

Keywords: Fiscal Policy; Monetary Policy; Policy Regime; Discounting Rate; Interest Rate; Tax System (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.anserpress.org/journal/jre/2/1/7/pdf (application/pdf)
https://www.anserpress.org/journal/jre/2/1/7 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bba:j00009:v:2:y:2023:i:1:p:14-25:d:138

Access Statistics for this article

Journal of Regional Economics is currently edited by Ramona Wang

More articles in Journal of Regional Economics from Anser Press
Bibliographic data for series maintained by Ramona Wang ().