Journal of Southeast Asian Economies

Publication covering economics.

Articles from Vol. 23, No. 2, August

An Analysis of Home Country Trade Effects of Outward Foreign Direct Investment: The Korean Experience with ASEAN, 1987-2002
I. Introduction Foreign direct investment (FDI) has long been exercised by multinational enterprises (MNEs) from industrialized countries. However, during the 1980s and 1990s some developing countries, especially the newly industrialized economies...
A Quantitative Survey of the Economics of ASEAN-U.S. Free Trade Agreements
I. Introduction The United States has considered various forms of economic co-operation with the ASEAN countries for a number of years. For example, in the late 1980s, the ASEAN-U.S. Initiative (Naya et al. 1989), which was a major study initiated...
ASEAN Multinational Enterprises: A Structural Model Analysis of Strategic Coherence
I. Introduction and Background Approximately 65,000 multinational enterprises (MNEs), with over 850,000 subsidiaries worldwide, constitute 65 to 70 per cent of international business and world trade (UNCTAD 2002). This activity, observable as cross-border...
Beyond Metropolis: The Planning and Governance of Asia's Mega-Urban Regions
DOI: 10.1355/ae23-2h Beyond Metropolis: The Planning and Governance of Asia's Mega-Urban Regions. By Aprodicio A. Laquian. Baltimore: Johns Hopkins University Press, 2005. Pp. 488.The book begins with a rather controversial title - Beyond Metropolis....
Capital Structure in Small and Medium-Sized Enterprises: The Case of Vietnam
I. Introduction Vietnam has been changing to a market-oriented economy over the past eighteen years, and there is growing recognition of SMEs' importance in the transitional economy. Consequently, the Government has introduced numerous policies...
China: Is Rapid Growth Sustainable?
DOI: 10.1355/ae23-2k China: Is Rapid Growth Sustainable? Edited by Ross Garnaut and Ligang Song. Canberra: Asia Pacific Press at the Australian National University, 2004. Pp. 249.This publication is partly based on papers presented at the China Update...
Citizen Power, Politics, and the "Asian Miracle"
DOI: 10.1355/ae23-2i Citizen Power, Politics, and the "Asian Miracle". By O. Fiona Yap. Boulder and London: Lynne Rienner Publishers, 2005. Pp. 186.Yap's innovative volume stresses the importance of symbiotic relationships among citizen power, political...
Do the Macroeconomic Effects of Capital Controls Vary by Type? Evidence from Malaysia
I. Introduction Malaysia's experience with temporary controls on short-term capital flows are germane to the contemporary debate on how developing countries can manage integration with world financial markets. In 1994, Malaysia resorted to controls...
Economic Implications of China's "Go-West" Policy: A View from Thailand
I. Introduction The People's Republic of China embarked on economic reform and has gradually opened the country to the outside world since 1979. As a result, the Chinese economy grew at an extremely rapid pace over the last two decades. However,...
Has Stock Market Volatility in the Kuala Lumpur Stock Exchange Returned to Pre-Asian Financial Crisis Levels?
I. Introduction The 1997-98 East Asian financial and currency turmoil rocked Malaysia's equity markets severely. During that period, stock market volatility in the Kuala Lumpur Stock Exchange (KLSE) increased substantially, and investors' confidence...
The Evolution of PECC: The First 25 Years
DOI: 10.1355/ae23-21 The Evolution of PECC: The First 25 Years. By Pacific Economic Cooperation Council (various authors). Pacific Economic Cooperation Council, 2005. Pp. 182.Began as a sentimental journey of PECC founders and veterans, a Korean ad hoc...
The Origins of Development Economics: How Schools of Economic Thought Have Addressed Development?
DOI: 10.1355/ae23-2j The Origins of Development Economics: How Schools of Economic Thought Have Addressed Development? Edited by Jomo K.S. and Erik S. Reinert. London and New York: Zed Books, 2005. Pp. 165.The content of The Origin of Development Economics...
The Pioneers of Development Economics: Great Economists on Development
DOI: 10.1355/ae23-2m The Pioneers of Development Economics: Great Economists on Development. Edited by Jomo K.S. New Delhi: Tulika Books; London and New York: Zed Books, 2005. Pp. 234.The central preoccupation of modern economic thinking over the past...