The Economies of Southeast Asia, Second Edition

The Economies of Southeast Asia, Second Edition

Before and After the Crisis

Jose L. Tongzon

This updated and fully revised second edition provides a comprehensive examination of issues of paramount importance for Southeast Asian economies including: the economic implications of the 1997 Asian crisis for both older and newer members of ASEAN; the role of government and FDI in ASEAN economic growth and development; trade patterns with the US, Japan and the EU and the economic implications of China’s accession to the WTO for ASEAN countries; the environmental consequences of industrialisation and growth; the emergence of economic growth triangles and their contribution to ASEAN growth and regional cooperation; the prospects and challenges of ASEAN economic cooperation before and after the crisis; and the key challenges facing ASEAN member countries in the aftermath of the crisis.

Preface and acknowledgements

Jose L. Tongzon

Subjects: asian studies, asian economics, development studies, development economics


Since the first edition of my book, The Economies of Southeast Asia: the Growth and Development of ASEAN Economies (1998), was published, major economic developments affecting the countries of Southeast Asia have unfolded. The Asian economic crisis in particular, which hit the region in 1997 and 1998, has had significant economic implications for these countries so that another edition is required to incorporate this event and its aftermath. The new title for this book, The Economies of Southeast Asia: Before and After the Crisis, is appropriate because it attempts to analyse the economic development experiences of the member countries of the Association of Southeast Asian Nations (ASEAN) in the context of ASEAN economic cooperation before and after the 1997 crisis. Apart from the traditional issues of concern to ASEAN such as domestic capital development, environmental implications of continued industrialization and prospects for and challenges of an ASEAN Free Trade Area (AFTA), this book will also analyse the economic implications of China’s accession to the World Trade Organization (WTO) for the ASEAN countries, their growth prospects in the aftermath of the crisis and other challenges facing ASEAN as an institution. Some words of gratitude and acknowledgements are expressed to all the people and institutions who in one way or another have helped me in the process of completing this new edition. In particular, I wish to thank the ASEAN Secretariat for providing me with access to their trade data on the individual member countries, the National University of Singapore for the...

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