The characteristics of Asia‐Pacific growth triangles

Seiji Naya and Karen Lee

Journal of the Asia Pacific Economy, 1996, vol. 1, issue 1, 123-129

Abstract: A new form of economic cooperation has emerged in the Asia‐Pacific in the form of ‘growth triangles’ or GTs. GTs have as their basic aim the co‐operative economic development of bordering regions of three sovereign entities. Building on market forces to concentrate infrastructure and industrial development in one transnational triangle of growth, GTs draw upon worldwide trends of decentralization and globalization of production. Despite their common goal, GTs in the Asia‐Pacific region differ significantly in terms of the extent of utilization of market forces versus institutionalization, degree of openness of markets, and geographical and demographic spread. This article examines the various GTs in the Asia‐Pacific region for a new and promising style of economic cooperation.

Date: 1996
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DOI: 10.1080/13547869608724579

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