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Antoinette R. Raquiza - State Structure, Policy Formation, and Economic Development in Southeast Asia: The political economy of Thailand and the Philippines

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Book:
State Structure, Policy Formation, and Economic Development in Southeast Asia: The political economy of Thailand and the Philippines
Author:
Antoinette R Raquiza
Publisher:
Routledge
Genre:
Science / Politics
Year:
2011
City:
London
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Why do some small, developing countries industrialize and others dont? What factors account for different economic performance among states that are vulnerable to external shocks, crony capitalism, and political instability? This book argues that the answer lies in the structuring of state power, specifically the way different sets of governing elites political leaders and economic technocrats are embedded in political organisations and state institutions, and the way these elites relate to each other in the economic development policy process. Conducting a comparative historical analysis of Thailand and the Philippines, the book argues that the institutional settings of governing elites influence economic outcomes. In Thailand, political power traditionally connects to state institutions in ways that has limited the impact of political turnovers and global downturns - conducive to long-term industrial activities. In contrast, Philippine state power derives from family networks that merge social and political power, suited to fast-moving, short-term commercial interests. In focusing on this political and institutional story, the author analyses the current development dilemmas of countries, weighed down by historical legacies of unstable regimes, dependency, and social conflict, and how they are likely to develop in the future.

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State Structure, Policy Formation,
and Economic Development in
Southeast Asia

Why do some small, developing countries industrialize and others don't? What factors account for different economic performance among states that are vulnerable to external shocks, crony capitalism, and political instability? This book argues that the answer lies in the structuring of state power, specifically the way different sets of governing elites political leaders and economic technocrats are embedded in political organisations and state institutions, and the way these elites relate to each other in the economic development policy process. Conducting a comparative historical analysis of Thailand and the Philippines, the book argues that the institutional settings of governing elites influence economic outcomes. In Thailand, political power traditionally connects to state institutions in ways that has limited the impact of political turnovers and global downturns conducive to long-term industrial activities. In contrast, Philippine state power derives from family networks that merge social and political power, suited to fast-moving, short-term commercial interests. In focusing on this political and institutional story, the author analyses the current development dilemmas of countries, weighed down by historical legacies of unstable regimes, dependency, and social conflict, and how they are likely to develop in the future.

Antoinette R. Raquiza is Associate Professor in Political Science at the De La Salle University, Philippines.

Routledge studies in the growth economies of Asia

1 The Changing Capital Markets of East Asia

Edited by Ky Cao

2 Financial Reform in China

Edited by On Kit Tam

3 Women and Industrialization in Asia

Edited by Susan Horton

4 Japan's Trade Policy

Action or reaction?

Yumiko Mikanagi

5 The Japanese Election System

Three analytical perspectives

Junichiro Wada

6 The Economics of the Latecomers

Catching-up, technology transfer and institutions in Germany, Japan and South Korea

Jang-Sup Shin

7 Industrialization in Malaysia

Import substitution and infant industry performance

Rokiah Alavi

8 Economic Development in Twentieth Century East Asia

The international context

Edited by Aiko Ikeo

9 The Politics of Economic Development in Indonesia

Contending perspectives

Edited by Ian Chalmers and Vedi R. Hadiz

10 Studies in the Economic History of the Pacific Rim

Edited by Sally M. Miller, A.J.H. Latham and Dennis O. Flynn

11 Workers and the State in New Order Indonesia

Vedi R. Hadiz

12 The Japanese Foreign Exchange Market

Beate Reszat

13 Exchange Rate Policies in Emerging Asian Countries

Edited by Stefan Collignon, Jean Pisani-Ferry and Yung Chul Park

14 Chinese Firms and Technology in the Reform Era

Yizheng Shi

15 Japanese Views on Economic Development

Diverse paths to the market

Kenichi Ohno and Izumi Ohno

16 Technological Capabilities and Export Success in Asia

Edited by Dieter Ernst, Tom Ganiatsos and Lynn Mytelka

17 Trade and Investment in China

The European experience

Edited by Roger Strange, Jim Slater and Limin Wang

18 Technology and Innovation in Japan

Policy and management for the 21st century

Edited by Martin Hemmert and Christian Oberlnder

19 Trade Policy Issues in Asian Development

Prema-chandra Athukorala

20 Economic Integration in the Asia Pacific Region

Ippei Yamazawa

21 Japan's War Economy

Edited by Erich Pauer

22 Industrial Technology Development in Malaysia

Industry and firm studies

Edited by Jomo K.S., Greg Felker and Rajah Rasiah

23 Technology, Competitiveness and the State

Malaysia's industrial technology policies

Edited by Jomo K.S. and Greg Felker

24 Corporatism and Korean Capitalism

Edited by Dennis L. McNamara

25 Japanese Science

Samuel Coleman

26 Capital and Labour in Japan

The functions of two factor markets

Toshiaki Tachibanaki and Atsuhiro Taki

27 Asia Pacific Dynamism 15502000

Edited by A.J.H. Latham and Heita Kawakatsu

28 The Political Economy of Development and Environment in Korea

Jae-Yong Chung and Richard J Kirkby

29 Japanese Economics and Economists since 1945

Edited by Aiko Ikeo

30 China's Entry into the World Trade Organisation

Edited by Peter Drysdale and Ligang Song

31 Hong Kong as an International Financial Centre

Emergence and development 19451965

Catherine R. Schenk

32 Impediments to Trade in Services: Measurement and Policy Implication

Edited by Christoper Findlay and Tony Warren

33 The Japanese Industrial Economy

Late development and cultural causation

Ian Inkster

34 China and the Long March to Global Trade

The accession of China to the World Trade Organization

Edited by Alan S. Alexandroff, Sylvia Ostry and Rafael Gomez

35 Capitalist Development and Economism in East Asia

The rise of Hong Kong, Singapore, Taiwan, and South Korea

Kui-Wai Li

36 Women and Work in Globalizing Asia

Edited by Dong-Sook S. Gills and Nicola Piper

37 Financial Markets and Policies in East Asia

Gordon de Brouwer

38 Developmentalism and Dependency in Southeast Asia

The case of the automotive industry

Jason P. Abbott

39 Law and Labour Market Regulation in East Asia

Edited by Sean Cooney, Tim Lindsey, Richard Mitchell and Ying Zhu

40 The Economy of the Philippines

Elites, inequalities and economic restructuring

Peter Krinks

41 China's Third Economic Transformation

The rise of the private economy

Edited by Ross Garnaut and Ligang Song

42 The Vietnamese Economy

Awakening the dormant dragon

Edited by Binh Tran-Nam and Chi Do Pham

43 Restructuring Korea Inc.

Jang-Sup Shin and Ha-Joon Chang

44 Development and Structural Change in the Asia-Pacific

Globalising miracles or end of a model?

Edited by Martin Andersson and Christer Gunnarsson

45 State Collaboration and Development Strategies in China

The case of the ChinaSingapore Suzhou Industrial Park (19922002)

Alexius Pereira

46 Capital and Knowledge in Asia

Changing power relations

Edited by Heidi Dahles and Otto van den Muijzenberg

47 Southeast Asian Paper Tigers?

From miracle to debacle and beyond

Edited by Jomo K.S.

48 Manufacturing Competitiveness in Asia

How internationally competitive national firms and industries developed in East Asia

Edited by Jomo K.S.

49 The Korean Economy at the Crossroads

Edited by MoonJoong Tcha and Chung-Sok Suh

50 Ethnic Business

Chinese capitalism in Southeast Asia

Edited by Jomo K.S. and Brian C. Folk

51 Exchange Rate Regimes in East Asia

Edited by Gordon de Brouwer and Masahiro Kawai

52 Financial Governance in East Asia

Policy dialogue, surveillance and cooperation

Edited by Gordon de Brouwer and Yunjong Wang

53 Designing Financial Systems in East Asia and Japan

Edited by Joseph P.H. Fan, Masaharu Hanazaki and Juro Teranishi

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