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Promoting Learning and Industrial Upgrading in ASEAN Countries

Author

Listed:
  • Willem Thorbecke

    (Asian Development Bank Institute (ADBI))

  • Mario Lamberte
  • Ginalyn Komoto

Abstract

This paper traces the effects of the “East Asian Miracle,†the 1997–1998 Asian Crisis, the recovery, and the 2008–2009 global financial crisis on ASEAN countries. It also considers how ASEAN countries can sustain growth by leveraging production networks to facilitate technology transfer. To achieve this, ASEAN countries need to maintain an environment friendly to foreign investment by resisting corruption, providing consistent and coherent enforcement of laws and regulations at all governmental levels, and maintaining stable macroeconomic fundamentals. This paper then emphasizes that ASEAN countries should focus on climbing the value chain by investing in human capital. They can do this by providing children with adequate nutrition, healthcare, and primary education, providing high school students with a high quality education in science and math, and providing university students with scientific and engineering training. The educational system should also be careful to provide students with marketable skills that businesses need. Finally, the paper argues that ASEAN should promote regional financial integration to help channel savings to high-yielding investments in the region.

Suggested Citation

  • Willem Thorbecke & Mario Lamberte & Ginalyn Komoto, 2010. "Promoting Learning and Industrial Upgrading in ASEAN Countries," Finance Working Papers 23287, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:financ:23287
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    References listed on IDEAS

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    1. Ehsan U. Choudhri & Dalia S. Hakura, 2000. "International Trade and Productivity Growth: Exploring the Sectoral Effects for Developing Countries," IMF Staff Papers, Palgrave Macmillan, vol. 47(1), pages 1-2.
    2. Alicia Garcia-Herrero & Philip Wooldridge, 2007. "Global and regional financial integration: progress in emerging markets," BIS Quarterly Review, Bank for International Settlements, September.
    3. Jong-Wha Lee & Yung Chul Park & Kwanho Shin, 2003. "A Currency Union in East Asia," ISER Discussion Paper 0571, Institute of Social and Economic Research, Osaka University.
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    Cited by:

    1. Willem Thorbecke & Hao-Kai Pai, 2015. "The sophistication of East Asian exports," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 20(4), pages 658-678, October.
    2. Thorbecke, Willem, 2011. "Transpacific Imbalances and Macroeconomic Codependency," ADBI Working Papers 299, Asian Development Bank Institute.
    3. Thorbecke, Willem, 2010. "An empirical analysis of ASEAN's labor-intensive exports," Journal of Asian Economics, Elsevier, vol. 21(6), pages 505-513, December.

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    More about this item

    Keywords

    Learning and Industrial Upgrading; industrial upgrading; ASEAN Countries; Production Networks; global financial crisis; regional financial integration;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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