The global centre of gravity continues to shift to the Asia-Pacific, the most dynamic region in the world. These economies have generally grown faster for longer periods of time than any other major region in world history. Their embrace of globalization has been a central feature, and driver, of their dynamism. The management of Asia-Pacific economic integration and globalization is crucial not only for the countries themselves but also for the state of the global economy, including importantly latecomer developing economies who look to the region for analytical and development policy lessons. Twenty-seven leading international authorities in the field, drawn from nine countries, provide a comprehensive examination of the causes, consequences and challenges of globalization, in a volume that celebrates the distinguished career of Professor Prema-Chandra Athukorala. Among the major issues examined are the region's distinctive approach to trade liberalization, the effects of economic growth on poverty reduction and the labour market, the special challenges of by-passed regions, the role of ideas in influencing policy making, the modalities of connecting to global production networks, and the importance of remittances in economic development. Several country case studies provide in-depth analyses of development processes and outcomes. These include episodes in economic development, the challenges faced by transition economies, the macroeconomics of adjusting to slower growth and rising debt in advanced economies, and the so-called middle-income trap phenomenon.

This book examines the various economic, political and developmental policy challenges that Malaysia faces in her shift from a middle income to high-income economy. This issue is of great interest to academics, policy makers and development practitioners in the developing world, particularly in middle-income economies where there is a widespread concern about the challenges of managing such a transition. Malaysia is one of the developing world's greatest success stories. The book argues that as one of the developing world's most open economies, with a reputation for prudent macroeconomic management, Malaysia has achieved consistent growth since independence. It has moved from a largely resource-based economy to a multinational-led, export-oriented, industrial economy. Despite this success, Malaysia, like other developing countries, is currently at a crossroads in its development strategy; it is in danger of being unable to graduate to the level of more advanced economies - such as Korea, Taiwan and Singapore - but with the basis of its success at risk from competition from efficient, lower-wage countries - such as China, India and Vietnam. Moreover, there are new threats to the political stability and affirmative action programmes which have successfully held together a very racially diverse population.

This book examines the various economic, political and developmental policy challenges that Malaysia faces in her shift from a middle income to high-income economy. This issue is of great interest to academics, policy makers and development practitioners in the developing world, particularly in middle-income economies where there is a widespread concern about the challenges of managing such a transition.

Malaysia is one of the developing world's greatest success stories. The book argues that as one of the developing world's most open economies, with a reputation for prudent macroeconomic management, Malaysia has achieved consistent growth since independence. It has moved from a largely resource-based economy to a multinational-led, export-oriented, industrial economy. Despite this success, Malaysia, like other developing countries, is currently at a crossroads in its development strategy; it is in danger of being unable to graduate to the level of more advanced economies - such as Korea, Taiwan and Singapore - but with the basis of its success at risk from competition from efficient, lower-wage countries - such as China, India and Vietnam. Moreover, there are new threats to the political stability and affirmative action programmes which have successfully held together a very racially diverse population.

'Diagnosing the Indonesian Economy: Toward Inclusive and Green Growth' commences with a broad overview of Indonesia's development since the 1960s. The analytical frameworks for the study, which were developed at Harvard University and ADB, are then used in an attempt to identify the constraints that most severely bind the country's development, and therefore the priorities for policy implementation and/or reform. The country's macroeconomic management and monetary policy since the Asian financial crisis is reviewed. The challenges of Indonesia's slow industrial transformation and small industry sector are described, as are their implications for poverty reduction efforts. The challenges Indonesia faces in developing its infrastructure are set out, e.g., the country's diverse topography, archipelagic nature, and monopolies. Human capital, an essential element in both growth and poverty reduction, is analyzed for the country, including the improvements in enrolments and gender balance, and the limitations the poor face to accessing education. Indonesia's record on poverty reduction is traced, as are the efforts to improve it. The links between employment creation and poverty reduction are presented, with a focus on the pressing issue of youth employment. The impact and status of the decentralization effort and efforts to fine-tune it are discussed. Last, the rather dismal status of the country's environment and natural resources management and the emerging impacts of climate change are summed up.

Indonesia's national development plan for 2005-2025 sets a vision of a country that is self-reliant, has a highly educated population with capable human resources, has no discrimination, and is prosperous enough to fulfil its population's needs. This will require high levels of economic growth that is both socially inclusive and environmentally sustainable. The volume identifies that in order to overcome the binding constraints to this growth, Indonesia needs to improve its infrastructure, enhance the education system to provide a more capable workforce, revive its manufacturing sector to open up employment, and facilitate these efforts through substantially improved governance and institutions. Furthermore, this growth must be accomplished in a manner that is harmonious and not destructive to the environment and natural resource base.

First published in 1985, this study is a comparative examination of industrialisation and industrial policy from the early 1960s to the early 1980s in the five original member countries of the Association of South-East Asian Nations (ASEAN): namely Indonesia, Malaysia, the Philippines, Singapore and Thailand. The work provides an integrated overview of industrial policies and performance in the five countries and forms essential reading for both those with a specialist interest in the ASEAN countries and their economic performance, and for students of industrialisation in developing countries the world over.

First published in 1985, this study is a comparative examination of industrialisation and industrial policy from the early 1960s to the early 1980s in the five original member countries of the Association of South-East Asian Nations (ASEAN): namely Indonesia, Malaysia, the Philippines, Singapore and Thailand. The work provides an integrated overview of industrial policies and performance in the five countries and forms essential reading for both those with a specialist interest in the ASEAN countries and their economic performance, and for students of industrialisation in developing countries the world over.

'Diagnosing the Indonesian Economy: Toward Inclusive and Green Growth' commences with a broad overview of Indonesia's development since the 1960s. The analytical frameworks for the study, which were developed at Harvard University and ADB, are then used in an attempt to identify the constraints that most severely bind the country's development, and therefore the priorities for policy implementation and/or reform. The country's macroeconomic management and monetary policy since the Asian financial crisis is reviewed. The challenges of Indonesia's slow industrial transformation and small industry sector are described, as are their implications for poverty reduction efforts. The challenges Indonesia faces in developing its infrastructure are set out, e.g., the country's diverse topography, archipelagic nature, and monopolies. Human capital, an essential element in both growth and poverty reduction, is analyzed for the country, including the improvements in enrolments and gender balance, and the limitations the poor face to accessing education. Indonesia's record on poverty reduction is traced, as are the efforts to improve it. The links between employment creation and poverty reduction are presented, with a focus on the pressing issue of youth employment. The impact and status of the decentralization effort and efforts to fine-tune it are discussed. Last, the rather dismal status of the country's environment and natural resources management and the emerging impacts of climate change are summed up.

Indonesia's national development plan for 2005-2025 sets a vision of a country that is self-reliant, has a highly educated population with capable human resources, has no discrimination, and is prosperous enough to fulfil its population's needs. This will require high levels of economic growth that is both socially inclusive and environmentally sustainable. The volume identifies that in order to overcome the binding constraints to this growth, Indonesia needs to improve its infrastructure, enhance the education system to provide a more capable workforce, revive its manufacturing sector to open up employment, and facilitate these efforts through substantially improved governance and institutions. Furthermore, this growth must be accomplished in a manner that is harmonious and not destructive to the environment and natural resource base.

This book offers a balanced analysis, evaluation and explanation of Indonesia's economic performance over the past three decades of strong growth, from 1967 to 1996. Hal Hill highlights Indonesia's successes during this period--rapid industrialization, major achievements in the food crop sector and the adoption, from the mid-1980s, of outward-looking policies. In this revised edition, an extended postscript takes the story through the dramatic turnaround and political and economic crises since 1997, including the downfall of Suharto.

This book examines all major facets of the Philippine economy and development policy. Contributors to this volume look both to the past and to the future, and their approaches are variously descriptive, analytical, interpretive , and comparative. The book assesses trends since the 1980s, identifies major policy issues, and provides a balance sheet of achievements and deficiencies over the past decade and beyond. It highlights future challenges that need to be addressed if the country is to embark on a sustainable, durable, and equitable growth trajectory. The book also offers lessons from the country's development experience which may be relevant for many countries at the present time. The volume has particular relevance for the country's policymakers, academics and the business community, and will also appeal to a broader international audience.

By any indicator, Indonesia, the fourth most populous nation on earth, is a development success story. Yet 20 years after a deep economic and political crisis, it is still in some respects an economy in transition. The country recovered from the 1997-98 crisis and navigated the path from authoritarian to democratic rule surprisingly quickly and smoothly. It survived the 2008-09 global financial crisis and the end of the China-driven commodity super boom in 2014 with little difficulty. It is now embarking on its fifth round of credible national elections in the democratic era. It is in the process of graduating to the upper middle-income ranks. But, as the 25 contributors to this comprehensive and compelling volume document, Indonesia also faces many daunting challenges - how to achieve faster economic growth along with more attention to environment sustainability, how to achieve more equitable development outcomes, how to develop and nurture stronger institutional foundations, and much else.

In this volume, a leading group of scholars pose a question: has the Philippine economy rejoined the dynamic East Asian mainstream and, if so, what set of policies and priorities are required to maintain the strong economic momentum of recent years? Successive chapters address issues related to growth and poverty, infrastructure and urbanization, education, health, the environment, energy, development finance, and governance and institutions. The book has been written with a broad audience in mind. First and foremost it is for readers in, and interested in, this fascinating and important country with a population that now exceeds a hundred million. Second, it will appeal to those in the broader development community with an interest in the analytical and policy challenges that democratic, middle-income countries face as they struggle to lift their citizens out of poverty and to achieve broad-based and environmentally sustainable growth.