From being essentially a rural area, during the last decade the ASEAN has undergone an intense process of industrialization that, even if still fragmented, reshaped the region. The liberalization of trade and services, the inflows of investments and the idea of a common market and of a common productive basis to be realized within 2015 strengthened the economic integration process of the region (Paganetto, 2012). During the recent downturn of the world economy, the ASEAN countries continued to grow, and they acquired the reputation of engines of the global economy. But the economic features that made the ASEAN economy resistant to the crisis and capable of playing such a positive role on the international scene are still to be clearly identified. The aim of this research is that of providing an answer to the following questions: - Which are the main features of the extraordinary process of growth activated in ASEAN? - Did the economic growth contributed to strengthen the regional integration process? - At sectorial level, which relationships occur among value added, employment, productivity and wages? - It is possible to highlight sectorial and territorial effects in the analysis of the main industrial relations estimated?
Growth of the ASEAN countries: determinants and perspectives
MUNDULA, LUIGI;
2012-01-01
Abstract
From being essentially a rural area, during the last decade the ASEAN has undergone an intense process of industrialization that, even if still fragmented, reshaped the region. The liberalization of trade and services, the inflows of investments and the idea of a common market and of a common productive basis to be realized within 2015 strengthened the economic integration process of the region (Paganetto, 2012). During the recent downturn of the world economy, the ASEAN countries continued to grow, and they acquired the reputation of engines of the global economy. But the economic features that made the ASEAN economy resistant to the crisis and capable of playing such a positive role on the international scene are still to be clearly identified. The aim of this research is that of providing an answer to the following questions: - Which are the main features of the extraordinary process of growth activated in ASEAN? - Did the economic growth contributed to strengthen the regional integration process? - At sectorial level, which relationships occur among value added, employment, productivity and wages? - It is possible to highlight sectorial and territorial effects in the analysis of the main industrial relations estimated?
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