ASEAN Economic Bulletin articles from December 2004

ASEAN Economic Bulletin archives from December 2004

The European market for ASEAN agricultural exports: estimates of income and price elasticities.(Brief Article)
December 1, 2004... I. Introduction Southeast Asia's agricultural exports are highly dependent on the markets of industrialized countries. The European Union (EU), which represents one of the world's largest markets for raw materials and agricultural...

Foreign direct investment, economic growth, and financial sector development: a comparative analysis.
December 1, 2004... 1. Introduction The issue of economic prosperity is often linked to massive inflows of foreign direct investment (hereafter referred to as FDI) into a nation, and the impact of FDI on economic growth has been argued considerably in the...

Assessing Indonesia's sustainable development: long-run trend, impact of the crisis, and adjustment during the recovery period.
December 1, 2004... I. Introduction The "miracle" of rapid economic growth in many East Asian countries, including Indonesia, had been widely perceived as the norm, until the 1997-98 financial and economic crises. Some have argued that the miraculous economic...

The impact of corporate governance practices on firms' financial performance: evidence from Malaysian companies.
December 1, 2004... I. Introduction The East Asian financial crisis of 1997-98 demonstrated the importance of effective corporate governance in developing countries (Krugman 1994; Radelet and Sachs 1998; Rasiah 1999). Malaysia was adversely affected by this...

The determinants of innovation in the Malaysian manufacturing sector: an econometric analysis at the firm level.
December 1, 2004... I. Introduction The manufacturing sector has been a major driver of growth for the Malaysian economy since the country's independence. Today, the manufacturing sector's share of total GDP amounts to about 31 per cent, and contributes more...

Whither Free Trade Agreements? Proliferation, Evaluation and Multilateralization.(Book Review)
December 1, 2004... Whither Free Trade Agreements? Proliferation, Evaluation and Multilateralization. Edited by Jiro Okamoto. IDE Development Perspective Series no. 2. Tokyo: Institute of Developing Economies (IDE), Japan External Trade Organization (JETRO), 2003....

Beyond Late Development: Taiwan's Upgrading Policies.(Book Review)
December 1, 2004... Beyond Late Development: Taiwan's Upgrading Policies. By Alice H. Amsden and Wan-wen Chu. Cambridge, Massachusetts: The MIT Press, 2003. Pp. 207. Any study of a country's economic development should examine at least the major economic...

The Future of Foreign Investment in Southeast Asia.(Book Review)
December 1, 2004... The Future of Foreign Investment in Southeast Asia. Edited by Nick J. Freeman and Frank L. Bartels. London and New York: Routledge Curzon, 2004. Pp. 288. Ever since Singapore took the bold step towards attracting foreign direct investment...

The Economic Development of Southeast Asia Vols. I to IV.(Book Review)
December 1, 2004... The Economic Development of Southeast Asia, Vols. I to IV. Edited by Hal Hill, Cheltenham, U.K. and Northampton, U.S.: Edward Elgar Publishing Co., 2002. Pp. 631 (Vol. I), pp. 650 (Vol. II), pp. 622 (Vol. III), pp. 618 (Vol. IV). The four...

Autonomy and Disintegration in Indonesia.(Book Review)
December 1, 2004... Autonomy and Disintegration in Indonesia. Edited by Damien Kingsbury and Harry Aveling. London: Routledge Curzon, 2003. Pp. 219. Since the passage of regional autonomy laws in Indonesia, that country has moved headlong into one of the most...

East Asia Integrates: a Trade Policy Agenda for Shared Growth.(Book Review)
December 1, 2004... East Asia Integrates: A Trade Policy Agenda for Shared Growth. Edited by Kathie Krumm and Homi Kharas. New York: World Bank, 2004. Pp. 201. The authors make clear from the onset that they do not in any way attempt a comprehensive analysis...