Innovation Networks and the New Asian Regionalism

Innovation Networks and the New Asian Regionalism

A Knowledge Platform on Economic Productivity

Hans-Peter Brunner

The rise of Asia, as well as the future of regional cooperation and integration (RCI) the world over, will be profoundly influenced by the challenges of slowing productivity growth, increasing economic inequalities and systemic vulnerabilities. Such structural reform issues will require RCI policies that complement domestic policy reform. This unique book explains what drives the regional economic integration of nations and their contribution to national knowledge capital. It also lays out how such beneficial integration can generate broad-based, equitable wealth in Europe and Asia.

Chapter 1: The impact of regional cooperation and integration drivers on economic productivity and welfare, with particular attention to Southeast Asia

Hans-Peter Brunner

Subjects: asian studies, asian development, asian geography, asian innovation and technology, development studies, agricultural economics, asian development, economics and finance, asian economics, development economics, regional economics, geography, asian geography, economic geography, innovation and technology, asian innovation, urban and regional studies, regional economics

Abstract

The first chapter of the book reviews the drivers, instruments and tools that link RCI to productivity. Multilateral institutions have identified key drivers of productivity for emerging economies. On the real, microeconomy side – the sole focus of this book – trade openness, foreign direct investment flows, trade-related infrastructure, quality of (skilled) labor inputs and the efficient allocation of human resources, economic diversification through structural change policies, financial sector development, and the business-oriented institutional and regulatory framework explain most of productivity growth.