Backed by detailed empirical data, Raj Brown gives a comprehensive analysis of the rise of the corporate economy in Southeast Asia, focusing in particular on corporate organization, methods of finance, business environment and corporate governance.
For many years, Japan was seen as the peculiar exception in Asia: a highly dynamic economy isolated in an otherwise moribund continent. With the rise of the Southeast Asian and Chinese economies, however, it has now become clear that Asia as a whole is experiencing an extraordinary revolution which will result, within a very few years, in living standards for some countries being on a par with those in the West. The results of this transformation can only be guessed at, but The Rise of Asia adds a far greater sophistication to our understanding of how this process came about, treating the key areas of Asian life (economics, society and politics) as an integrated whole and avoiding the trap of most commentators, who see the phenomenon as an exclusively postwar economic issue. Balancing the uniquely Asian aspects with global developmental factors, Dr. Tipton creates a convincing picture of how this amazing change has occurred.
Addresses the rise of China and its impacts on Southeast Asia's economies and businesses, especially on those of ethnic Chinese. Also discusses Southeast Asian government policies, particularly their economic and business policies, towards local Chinese, and Southeast Asian Chinese businesses, both conglomerates and SMEs, in an era of globalization.
"This is not only the best collection of essays on the political economy of Southeast Asia, but also, as a singular achievement of the “Murdoch School”, one of the rarest of books that demonstrates how knowledge production travels across generations, institutions and time periods, thereby continually enriching itself. No course on Southeast Asia can afford to miss it as its core text." (Professor Amitav Acharya, American University, USA) "This book – the fourth in a path-breaking series – demonstrates why a critical political economy approach is more crucial than ever for understanding Southeast Asia's transformation. Across a wide range of topics, the book explains how capitalist development and globalisation are reshaping the societies, economies and politics of a diverse group of countries, casting light on the deep sources of economic and social power in the region. This is a book that every student of Southeast Asia needs to read." (Professor Edward Aspinall, Australian National University, Australia) "This book does what a work on political economy should do: challenge existing paradigms in order to gain a deeper understanding of the processes of social transformation. This volume is distinctive in three ways. First, it eschews methodological nationalism and focuses on how the interaction of national, regional, and global forces are shaping and reshaping systems of governance, mass politics, economies, labor-capital relations, migration, and gender relations across the region. Second, it is a bold effort to show how the “Murdoch School,” which focuses on the dynamic synergy of internal class relations and global capitalism, provides a better explanatory framework for understanding social change in Southeast Asia than the rival “developmental state” and “historical institutionalist” approaches. Third, alongside established luminaries in the field, it showcases the younger generation of political economists doing pathbreaking work on different dimensions of the political economy of the region." (Walden Bello, State University of New York at Binghamton, USA, and Former Member of the Philippines’ House of Representatives) "This very timely fourth edition explores Southeast Asia’s political economy within the context of hyperglobalisation and China’s pronounced social-structural impacts on international politics, finance and economics over the past decade and a half. The volume successfully adopts a cross-cutting thematic approach, while also conveying the diversity and divergences among the Southeast Asian states and economies. This will be an important resource for scholars of International Relations and Comparative Politics, who need to take an interest in a dynamic and increasingly significant part of Asia." (Professor Evelyn Goh, Australian National University, Australia) “This ambitious collection takes a consistent theoretical approach and applies it to a thematic, comparative analysis across Southeast Asia. The yield is impressive: the social, political and economic forces constituting the current conjuncture are not simply invoked, they are thoroughly identified and explained. By posing the deceptively simple questions of what is happening and why, the authors demonstrate the reciprocal relation between theory-building and empirical inquiry, providing a model of engaged scholarship with global resonance. Bravo!" (Professor Tania Li, University of Toronto, Canada) "Counteracting the spaceless and flattened geography of much literature on uneven development, this book delivers a forensic examination of the unevenness of geographical development in Southeast Asia and the relations of force shaping capital, state, nature and civil society. This is the most compelling theoretical and empirical political economy book available on Southeast Asia." (Professor Adam David Morton, University of Sydney, Australia) "A vital book for all scholars, students and practitioners concerned with political economy and development, this volume combines cutting-edge theory with rich and wide-ranging empirical analysis. It is terrific to see the continued success of this book with this fully revised fourth edition." (Professor Nicola Philips, Kings College London, UK) "The Political Economy of Southeast Asia has become a leading reference for students of the region. With its breadth of geographic scope, timely themes, clarity of prose and rigour of analysis, Carroll, Hameiri and Jones have ensured that with this fourth edition the volume will continue its landmark status. The book, which brings together prominent experts in the field, will not only be of immense interest to scholars studying Southeast Asia, but also those seeking to understand the multifaceted nature of the political economy of uneven development in contemporary capitalism." (Professor Susanne Soederberg, Queen’s University, Canada) "The Asia Research Centre at Murdoch University has long produced leading analyses of the social, economic and political developments in Southeast Asia. This volume carries on that wonderful tradition. It brings together top-class scholars to challenge our assumptions about one of the most dynamic parts of the world. This collection is a crucial read for anyone interested in understanding trends in Southeast Asia’s development today and into the future." (Professor Richard Stubbs, McMaster University, Canada) "This fourth volume in a distinguished series provides a welcome and timely update of the Murdoch School’s distinctive approach to understanding the evolving political economy of Southeast Asia. Its theoretical depth and wide empirical scope will be of great value to scholars, students and practitioners seeking a systematic understanding of the political economy dynamics in the Asian region and, more broadly, of states and regions embedded in a complex, unstable global political economy." (Professor Andrew Walter, University of Melbourne) This all-new fourth edition of The Political Economy of Southeast Asia constitutes a state-of-the-art, comprehensive analysis of the political, economic, social and ecological development of one of the world’s most dynamic regions. With contributions from world-leading experts, the volume is unified by a single theoretical approach: the Murdoch School of political economy, which foregrounds struggles over power and resources and the evolving global context of hyperglobalisation. Themes considered include gender, populism, the transformation of the state, regional governance, aid and the environment. The volume will be of interest to scholars and students across multiple disciplines, including political economy, development studies, international relations and area studies. The findings of contributors will also be of value to civil society, policymakers and anyone interested in Southeast Asia and its development.
The 2021 edition of the Outlook addresses reallocation of resources to digitalisation in response to COVID-19, with special focuses on health, education and Industry 4.0. During the COVID-19 crisis, digitalisation has proved critical to ensuring the continuity of essential services.
This new edition updates its precedessor and uses the Asian economic crisis to indicate how theoretical differences identified in the South-East Asian boom were brought into even sharper relief in the analysis of the crisis and recovery strategies.
"Easily the most informed and comprehensive analysis to date on how and why East Asian countries have achieved sustained high economic growth rates, this book] substantially advances our understanding of the key interactions between the governors and governed in the development process. Students and practitioners alike will be referring to Campos and Root's series of excellent case studies for years to come." Richard L. Wilson, The Asia Foundation Eight countries in East Asia--Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia--have become known as the "East Asian miracle" because of their economies' dramatic growth. In these eight countries real per capita GDP rose twice as fast as in any other regional grouping between 1965 and 1990. Even more impressive is their simultaneous significant reduction in poverty and income inequality. Their success is frequently attributed to economic policies, but the authors of this book argue that those economic policies would not have worked unless the leaders of the countries made them credible to their business communities and citizens. Jose Edgardo Campos and Hilton Root challenge the popular belief that East Asia's high performers grew rapidly because they were ruled by authoritarian leaders. They show that these leaders had to collaborate with various sectors of their population to create an environment that was conducive to sustained growth. This required them to persuade the business community that their investments would not be expropriated and to convince the broader population that their short-term sacrifices would be rewarded in the future. Many of the countries achieved business cooperation by creating consultative groups, which the authors call deliberation councils, to enhance accountability and stability. They also obtained popular support through a variety of wealth-sharing measures such as land reform, worker cooperatives, and wider access to education. Finally, to inhibit favoritism and corruption that would benefit narrow interest groups at the expense of broad-based development, these countries' leaders constructed a competent bureaucracy that balanced autonomy with accountability to serve all interests, including the poor. This important book provides useful lessons about how developing and newly industrialized countries can build institutions to implement growth-promoting policies.
The Economic Outlook for Southeast Asia, China and India is a bi-annual publication on regional economic growth, development and regional integration in Emerging Asia. The update of the Outlook comprises three main parts, each highlighting a particular dimension of recent economic developments in the region.
It is well known that Taiwan and South Korea, both former Japanese colonies, achieved rapid growth and industrialization after 1960. The performance of former European and American colonies (Malaysia, Singapore, Burma, Vietnam, Laos, Cambodia, Indonesia, and the Philippines) has been less impressive. Some scholars have attributed the difference to better infrastructure and greater access to education in Japan’s colonies. Anne Booth examines and critiques such arguments in this ambitious comparative study of economic development in East and Southeast Asia from the beginning of the twentieth century until the 1960s. Booth takes an in-depth look at the nature and consequences of colonial policies for a wide range of factors, including the growth of export-oriented agriculture and the development of manufacturing industry. She evaluates the impact of colonial policies on the growth and diversification of the market economy and on the welfare of indigenous populations. Indicators such as educational enrollments, infant mortality rates, and crude death rates are used to compare living standards across East and Southeast Asia in the 1930s. Her analysis of the impact that Japan’s Greater Asian Co-Prosperity Sphere and later invasion and conquest had on the region and the living standards of its people leads to a discussion of the painful and protracted transition to independence following Japan’s defeat. Throughout Booth emphasizes the great variety of economic and social policies pursued by the various colonial governments and the diversity of outcomes. Lucidly and accessibly written, Colonial Legacies offers a balanced and elegantly nuanced exploration of a complex historical reality. It will be a lasting contribution to scholarship on the modern economic history of East and Southeast Asia and of special interest to those concerned with the dynamics of development and the history of colonial regimes.