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Southeast asian regional integration and globalization : an overview
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| 6.86 MB | Adobe PDF |
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Resumo(s)
The process of economic development in Southeast Asia has been characterized by two major features: outward orientation and market friendliness. These two strategies have significantly contributed to a greater economic integration in the region by increasing trade, capital and labor
flows. The openness of the economy in combination with less regulation has resulted in large inflows of foreign direct investment. Gradual liberalization of the economy has led to greater efficiency in the allocation of resources. Export promotion, coupled with good macroeconomic management, led to rapid industrialization. Southeast Asian rapidly changing economic structures
are evolving into an intricate and complex set of interdependencies feeding upon both cooperation and competition. Pacific Asia is now an important market for itself not because of any one specific institutional arrangement but simply as the result of market forces and the shifting of comparative
advantage through the region. Furthermore, increases in trade and capital flows stretch far beyond the region contributing to global integration.
Descrição
Palavras-chave
Globalization of the Economy Economic Development Foreign Direct Investment Economic Integration Export International Trade Asia
Contexto Educativo
Citação
Costa, Manuela Nêveda da .1997. “Southeast asian regional integration and globalization : an overview” . Instituto Superior de Economia e Gestão. CEsA – Documentos de Trabalho nº 46/ 1996.