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Development and Distribution - Structural Change in South East Asia (Hardcover)
Loot Price: R2,117
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Development and Distribution - Structural Change in South East Asia (Hardcover)
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Since the Second World War, surprisingly few developing countries
have experienced a truly sustained episode of economic and social
convergence towards the structural characteristics of the advanced
nations. East Asia has exceeded most regions in its achievement of
convergence, and much has been written on comparative
industrialization and development in North East Asia. Less
discussed is South East Asia and the surprising and inclusive
transformation several of its countries has undergone. Development
and Distribution focuses on South East Asia and, more specifically,
on Malaysia, Indonesia, and Thailand. These three nations have all
undergone a major transformation - in a way never anticipated -
from being poor, agrarian countries to middle-income countries with
developed industrial and manufacturing bases. How did Malaysia,
Indonesia, and Thailand achieve such a transformation, and how did
they achieve the transformation with a form of economic growth that
was driven by structural transformation, but that was 'inclusive'?
Given that historically it has been thought that structural
transformation tends to push up inequality, whilst inclusive growth
necessitates static or even falling inequality, this last point is
particularly salient to developing countries. Understanding how the
transformation was possible in a relatively small space of time,
the extent to which it was inclusive, and the caveats and prospects
for South East Asia is thus an area of enquiry significant to all
developing countries as they seek economic and social
transformation.
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