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  3. The Politics of Open Economies
  • Cited by 34
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    • Publisher:
      Cambridge University Press
      Publication date:
      10 November 2009
      30 October 1997
      ISBN:
      9780511598913
      9780521583435
      9780521586832
      DOI:
      https://doi.org/10.1017/CBO9780511598913
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.55kg, 260 Pages
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.38kg, 260 Pages
      • Subjects:
      Economics, Area Studies, Politics: General Interest, Asian Studies, South-East Asian Government, Politics and Policy, Politics and International Relations, Economic Development and Growth
      Series:
      Cambridge Asia-Pacific Studies
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    Subjects:
    Economics, Area Studies, Politics: General Interest, Asian Studies, South-East Asian Government, Politics and Policy, Politics and International Relations, Economic Development and Growth
    Series:
    Cambridge Asia-Pacific Studies
    Information

    Book description

    This book asks why some countries have responded to the external constraints and opportunities arising from their global and regional economic context by opening up their economies. In particular, the authors examine the role domestic political and economic factors play in shaping the decision to become more open, or more inward-looking. The countries of Southeast Asia have generally enjoyed economic success in the postwar period. The authors argue that one of the explanations for this success has been their integration into the global division of labor, and analyze decision-makers' reasons for following this course. They place particular emphasis on external events, notably the two oil shocks of the 1970s, and the more recent outflow of investment capital and manufacturing capacity from Japan and East Asia.

    Reviews

    "This is an excellent work on the political-economy of Pacific Rim trade and capital flows in Southeast Asia." B. F. Hope, Choice

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