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.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Cheng, Leonard K. and Kierzkowski, Henryk (2001), Global Production and Trade in East Asia. Boston: Kluwer Academic Publishers.
Deardorff, Alan V. (1998), ‘Fragmentation in Simple Trade Models’, Research Seminar in International Economics, School of Public Policy, The University of Michigan, Discussion Paper No. 422 (January).
Dunning, John H. (1993), Multinational Enterprises and the Global Economy. Wokingham: Addison-Wesley.
Fujita, Masahisa, Krugman, Paul and Venables, Anthony J. (1999), The Spatial Economy: Cities, Regions, and International Trade. Cambridge: The MIT Press.
Harrison, Ann (1996a), ‘Openness and Growth: A Time-Series, Cross-Country Analysis for Developing Countries’, Journal ofDevelopment Economics 48: 419–47.
Harrison, Ann (1996b), ‘Determinants and Effects of Direct Foreign Investment in Cote d’Ivoire, Morocco, and Venezuela’, in Mark J. Roberts and James R. Tybout (eds), Industrial Evolution in Developing Countries: Micro Patterns of Turnover, Productivity, and Market Structure. Oxford: Oxford University Press.
International Monetary Fund (IMF), (various years) International Financial Statistics Yearbook.
International Monetary Fund (IMF) (1999), Government Finance Statistical Yearbook.
International Monetary Fund (IMF) (2000) International Financial Statistics, June.
Jones, R. W. and Kierzkowski, Henryk (1990), ‘The Role of Services in Production and International Trade: A Theoretical Framework’, in Ronald W. Jones and Anne O. Krueger (eds), The Political Economy of Intemational Trade: Essays in Honor of Robert E. Baldwin. Oxford, Basil Blackwell.
Kimura, Fukunari (2000a), ‘Location and Internalization Decisions: Sector Switching in Japanese Outward Foreign Direct Investment’, in Takatoshi Ito and Anne O. Krueger (eds), The Role o f Foreign Direct Investment in East Asian Economic Development. Chicago: University of Chicago Press.
Kimura, Fukunari (2000b), ‘The Size Distribution of Manufacturing Establishments and Economic Development in East Asian Countries’, Ajia Keizai 41, No. 5 (May): 7–36. (In Japanese.)
Kimura, Fukunari (2001a), ‘Policy Measures for Industrial Promotion and Foreign Direct Investment’, Prepared for ‘The Hanoi Workshop for the Joint Viet Nam Japan Research, Phase 3, December 2000’, Ministry of Planning and Investment, the Socialist Republic of Viet Nam and Japan International Cooperation Agency, March.
Kimura, Fukunari (2001b), ‘Prospects for Investment Negotiations in the WTO’, in Robert M. Stern (ed.), Issues and Options for U.S.-Japan Trade Policies. Ann Arbor: University of Michigan Press.
Kimura, Fukunari (2001c), ‘Fragmentation, Internalization, and Interfirm Linkages: Evidence from the Micro Data of Japanese Manufacturing Firms’, in Leonard K. Cheng and Henryk Kierzkowski (eds), Global Production and Trade in East Asia. Boston: Kluwer Academic Publishers.
Kimura, Fukunari (2001d), ‘Why Did the Crisis Accelerate Liberalization?: Consequences of Hosting FDI by the ASEAN Member Countries’, presented in the International Conference ‘The Asian Crisis, III: The Crisis and the Recovery’ held in Tokyo, Japan on 17–18 July 2001.
Krugman, Paul (1991), ‘Increasing Returns and Economic Geography’, Journal of Political Economy 99: 183–99.
Krugman, Paul (1994), ‘Competitiveness: A Dangerous Obsession’, Foreign Affairs 73, No. 2 (March/April): 28–44.
Krugman, Paul (1995), Development, Geography, and Economic Theory. Cambridge: The MIT Press.
Kwan, Chi Hung (2001), ‘The Rise of China as an Economic Power: Challenges and Opportunities for Japan’, Journal of Japanese Trade and Industry 20, No. 6 (November/December): 12–15.
Ministry of Economy, Trade, and Industry (METI) (2001), Tsuushou Hakusho 2001 (White Paper on International Trade 2001). Tokyo: Kabushikigaisha Gyousei. In Japanese.
Ministry of International Trade and Industry (MITI), Government of Japan (GOJ). (1999), Dai27 Kai Wagakuni Kigyou no Kaigai Jigyou Katsudou (The 27 Survey on the Foreign Activities o f Japanese Firms). Tokyo: Ministry of Finance Printing Office.
National Bureau of Statistics, ed. (various years), China Statistical Yearbook. Beijing: China Statistics Press.
Rodriguez, Francisco and Rodrik, Dani (1999), ‘Trade Policy and Economic Growth: A Skeptic’s Guide to the Cross-National Evidence’. NBER Working Paper7081 (April).
Rodrik, Dani (2001), ‘Development Strategies for the 21st Centuly’, In Boris Pleskovic and Nicholas Stern (eds), Annual World Bank Conference on Development Economics2000, Washington, DC: The World Bank.
Sachs, Jeffrey and Warner, Andrew (1995), ‘Economic Reform and the Process of Global Integration’, Brookings Papers on Economic Activity 1: 1–118.
Thurow, Lester C. (1992), Head to Head: The Coming Economic Battle Among Japan, Europe, and America. New York: Morrow.
US Department of Commerce (Economics and Statistics Administration/Bureau of Economic Analysis) (1998), U.S. Direct Investment Abroad: Operations of U.S. Parent Companies and Their Foreign A f filiates, Preliminary 1996 Estimates.
World Bank (2002), World Development Report 2002: Building Institutions for Markets. Oxford: Oxford University Press.
Editor information
Editors and Affiliations
Copyright information
© 2003 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Kimura, F. (2003). Development Strategies for Economies Under Globalisation: Southeast Asia as a New Development Model. In: Van Hoa, T., Harvie, C. (eds) New Asian Regionalism. Palgrave Macmillan, London. https://doi.org/10.1057/9780230377561_5
Download citation
DOI: https://doi.org/10.1057/9780230377561_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51382-6
Online ISBN: 978-0-230-37756-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)