Southeast Asian commercial policy: outward-looking regional integration

Hal Hill, Jayant Menon

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    The ten Southeast Asian economies have had highly diverse experiences with global and regional economic integration. During the colonial era they were more or less connected to the global economy through the metropolitan powers, sometimes on a preferential/discriminatory basis. In the early post-colonial era, only Singapore,Malaysia and Thailand remained “always open”, in the sense defined by Sachs-Warner, and also in Myint’s (1972) typology of outward-looking economies. Indonesia and Burma deliberately chose to disengage from the global economy, while the Philippines adopted a comprehensive import-substituting industrialization strategy. The three Indochinese economies were increasingly engulfed in conflict, and then isolated from the west and from global markets for more than a decade from 1975.
    Original languageEnglish
    Title of host publicationRoutledge Handbook of Southeast Asian Economics
    Editors Ian Coxhead
    Place of PublicationAbingdon and New York
    PublisherRoutledge Taylor & Francis Group
    Pages366-384
    Edition1st
    ISBN (Print)9780415659949
    DOIs
    Publication statusPublished - 2015

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