Southeast Asia beyond Crises and Traps Economic Growth and Upgrading

This book examines how Indonesia, Malaysia, the Philippines, Thailand and Vietnam can provide instructive case studies of how Southeast Asia has negotiated pathways of development beyond crises and traps. At two ends of just one decade, 1997–2007, these f

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This series brings together theoretical and empirical studies on the transformation of economic systems and their economic development. The transition from planned to market economies is one of the main areas of applied theory because in this field the most dramatic examples of change and economic dynamics can be found. It is aimed to contribute to the understanding of specific major economic changes as well as to advance the theory of economic development. The implications of economic policy will be a major point of focus. More information about this series at http://www.springer.com/series/14147

Khoo Boo Teik • Keiichi Tsunekawa • Motoko Kawano Editors

Southeast Asia beyond Crises and Traps Economic Growth and Upgrading

Editors Khoo Boo Teik National Graduate Institute for Policy Studies Tokyo, Japan

Keiichi Tsunekawa National Graduate Institute for Policy Studies Tokyo, Japan

Motoko Kawano National Graduate Institute for Policy Studies Tokyo, Japan

Studies in Economic Transition ISBN 978-3-319-55037-4 DOI 10.1007/978-3-319-55038-1

ISBN 978-3-319-55038-1 (eBook)

Library of Congress Control Number: 2017951838 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover Design: Fatima Jamadar Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Preface

In different ways, the five countries of Southeast Asia that form the subject of this study are middling entities. By most measures of global ranking, their socioeconomic development lies between the lower and higher ends. They are no longer predominantly commodity producers but they are not world-leading manufacturers. They have become largely industrial in socio