Is There a Southeast Asian Development Model?

Hal Hill

No 26, Discussion Paper Series from Department of International Economic Policy, University of Freiburg

Abstract: The 10 states of Southeast Asia have combined to form the developing world’s most successful and durable regional grouping, the Association of Southeast Asian Na-tions, ASEAN. Economic integration among them is high and increasing. The ambi-tious ASEAN Economic Community is scheduled to take effect from December 2015, and should further accelerate this integration. But the socio-economic and institution-al disparities among them are also very large. This paper therefore asks the ques-tion, does it make sense to contemplate a ‘Southeast Asian development model’? Given this diversity, such a model obviously does not yet exist. But over time, these countries are converging with respect to their openness, their macroeconomic man-agement and some aspects of their social policy. The poorer countries are generally growing faster than the richer ones, suggesting gradual convergence. There are also important spillover and demonstration effects evident from the region’s leaders to its followers. Whether these developments will lead to the adoption of some sort of co-herent regional development strategies remains to be seen.

Keywords: Development models; Southeast Asia; regional economic integration (search for similar items in EconPapers)
JEL-codes: F55 H11 O21 O53 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2014-01, Revised 2014-01
New Economics Papers: this item is included in nep-sea
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Working Paper: Is there a Southeast Asian Development Model? (2013)
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