Southeast Asia beyond Crises and Traps: Economic Growth and Upgrading (1st ed. 2017 edition.)

This text examines five countries in South East Asia that are instructive case studies of how the region has had to negotiate pathways of development beyond crises and traps.

At two ends of just one decade, 1997-2007, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam all had to weather the shocks of an East Asian financial crisis and a global financial crisis.

Some economies might have buckled completely under those shocks and been condemned to long-term stagnation.

Yet these five economies, part of the larger Asian region, emerged with continued if slower economic growth.

An important theme of this book is that their resilience has been partly derived from the pursuit of growth and competitiveness along less known or recommended pathways.

The chapters of this book take a novel approach to South East Asia's search for growth and improvement.