Development Strategies for Economies Under Globalisation: Southeast Asia as a New Development Model

Fukunari Kimura

Chapter 5 in New Asian Regionalism, 2003, pp 72-95 from Palgrave Macmillan

Abstract: Abstract The world economy since the latter half of the 1990s has been characterised by rapid globalisation. FDI within Europe and across the Atlantic Ocean has increased explosively, and the map of corporate alliances has fundamentally been revised. A drastic reduction of service link costs, the acceleration of fragmentation and agglomeration of corporate activities, and the diversification of international transaction channels can be observed. As for the policy aspects, a number of rescue programs by the World Bank and the IMF have helped the so-called Washington consensus penetrate into the policy framework basis of LDCs and transition economies, and the newly established WTO has gained enforcement power in imposing international policy discipline on member countries. Moreover, the worldwide boom of concluding regional trade arrangements, is resulting in some countries successfully participating in FTA networks while others, not having enough capability to join such a network, have been marginalised.

Keywords: Industrial Cluster; Foreign Affiliate; Policy Package; South East Asian Country; International Trade Theory (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-230-37756-1_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230377561

DOI: 10.1057/9780230377561_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().