Regional stock markets and the economic development of Southeast Asia

The paper examines the contribution made by the establishment and operation of a local stock exchange to the economic development of Southeast Asian (SEA) countries. The paper informs investors and policymakers about the current status of SEA stock market development and the associated positive and negative effects of such initiatives. Policymakers have placed a clear focus on SEA stock markets as a primary driver of regional economic growth. However, it is questionable whether SEA is ready for such an ambitious economic initiative, particularly given the reported negative effects of lesser developed stock markets. Despite these negative implications, the benefits appear to outweigh the costs for SEA stock markets. It is perceived that SEA stock markets will drive further economic reform, financial liberalisation, and market integration, promising tremendous benefits for both the region and the international investment community. The paper concludes with questions regarding the efficiency of stock markets in SEA and offers recommendations for further empirical research.     

2003年:国家级经济技术开发区经济社会新发展

2003年,我国国家级经济技术开发区在邓小平理论和“三个代表”重要思想指导下,认真贯彻党的十六大和十六届三中全会精神,学习和落实“坚持以人为本,协调、全面、可持续的科学发展观”,把发展作为第一要务,克服困难,开拓创新,经济社会发展取得了显著成就。一、经济快速协调发展,     

关于新中国经济增长与发展阶段(1949-2004)的探索

当前 ,我国经济发展正处在一个非常重要的时期。 2 0 0 3年GDP增长 9 1 % ,GDP总量达到1 1 6万多亿元 ,人均GDP突破 1 0 0 0美元。国际经验反映 :进入人均 1 0 0 0美元的经济发展阶段 ,是一个国家加快经济发展非常重要的战略起点 ,也是矛盾凸现的时期。① 在工业化、城市化加快过程中 ,资源约束的矛盾正在突出 ;随着社会经济结构调整加快 ,各种利益摩擦也在加剧 ;就业、“三农”、金融问题累积 ,等等。这表明我国步入一个新的增长阶段 ,面临重大战略调整。在这样的时刻 ,回顾中国经济历史上的增长与发展 ,有助于全面客观地认识现存的矛…     

A new institutional approach to pro-poor agricultural development: Lessons from Asia

Dr. Naya has been one of only two instructors of a course unique to the University of Hawaii called, “The Economics of Cooperation.” He was an early observer of deliberation councils and other institutions whereby the investment coordination problem was partly solved by extra-market cooperation in the East Asian “miracle” countries. These insights contributed to The Economics of Cooperation (1992), which featured the role of government as facilitator—a theme of Hawaii State Development Planning when Dr. Naya served on the Governor’s cabinet.Reconsidering government as a facilitator, and not as a replacement for markets, is one of the primary contributions of the New Institutional Economics (NIE). This paper extends and applies the facilitation perspective to the problem of agricultural development. Policy failures are detailed and sourced to the fallacy of misplaced exogeneity. In contrast, the method of fundamental explanation, inherent in NIE, acts as a corrective to misguided interventionism that has prevented pro-poor rural development from taking place.     

Course on new industrialization: A global trend of economic development

The reasons for the increased interest in industrial development in different countries of the world have been analyzed in the article, the reflection of which was the course of new industrialization. General approaches to developing a government industrial policy implementing this course have been considered.     

东亚区域化进程新进展研究

<正>目前来看,东亚区域合作还比较复杂,多种发展形式会产生不同的结果。可以从东盟、中国、日本和韩国等4个方面来把握东亚区域化进程,即10+3机制的发展。由于东盟自由贸易区的发展和“中国和东盟自由贸易区”已经进入实质发展阶段,东亚区域化是以东盟为主导而进一步发展的,其他发展形式还有待于进一步观察。     

Asian economic integration: a perspective on South Asia

This paper argues in favor of open regionalism and continent-based integration in Asia. These are the effective instruments of outward-oriented development. The enlargement of trading blocs into continent-based integration also serves as a countervailing power to stem the excesses of economic globalism. The case made in the paper shows the need for institutional changes for promoting economic development. Institutional changes along with open regionalism are essential to enhancing outward-oriented development in South Asia. Respectable progress has been made in these areas across the continents in general, and in Asia in particular (ASEAN, SAARC, APEC). Efforts on these initiatives must be redoubled as we start the 21st century.     

Productivity and economic growth in East Asia: innovation, efficiency and accumulation

This paper uses a varying coefficients frontier production function model to examine the sources of growth between 1987 and 1993 in four East Asian economies—Hong Kong, Singapore, Japan and South Korea. Using data for 20 manufacturing sectors at the three-digit SIC level, this study provides the first comprehensive examination of sources of growth that allows one to decompose total factor productivity growth, separating out technical efficiency changes (TECs) from technological progress (TP). We find that while there is ample evidence of the importance of increasing inputs in growth, and there is some support for technical efficiency change, or catching up to the frontier over this period, there is weak or even negative evidence for the role of technological progress, measured as a shift in the estimated production frontier.     

经济全球化时代国际营销战略新发展

经济全球化趋势使国际市场营销环境发生了深刻的变化，生产要素实现了跨国界流动，各国之间的分工越来越深入，各国市场之间的联系也越来越紧密，各国经济相互交融，相互渗透，连成一体。但与此同时，国家之间、企业之间的竞争也越来越激烈，一国市场的营销竞争态势直接地影响他国市场乃至全球市场的营销竞争格局，企业竞争已开始从规模竞争、价格竞争、质量竞争、服务竞争、品牌竞争向战略竞争转变。与此相适应，国际营销战略也有一些新发展。     

The early modern great divergence: wages,prices and economic development in Europe and Asia, 1500–18001

Contrary to the claims of Pomeranz, Parthasarathi, and other ‘world historians’, the prosperous parts of Asia between 1500 and 1800 look similar to the stagnating southern, central, and eastern parts of Europe rather than the developing north‐western parts. In the advanced parts of India and China, grain wages were comparable to those in north‐western Europe, but silver wages, which conferred purchasing power over tradable goods and services, were substantially lower. The high silver wages of north‐western Europe were not simply a monetary phenomenon, but reflected high productivity in the tradable sector. The ‘great divergence’ between Europe and Asia was already well underway before 1800.     

Europe and East Asia in the context of regionalization: Theory and economic policy

Much academic interest has recently centered on economic regionalism as a framework of international economic relations. The European Community (EC) has been a focal point. Other regional economic organizations (APEC, NAFTA), have been subjects of debate.This paper discusses three principal arguments: (1) the “natural”/“optimal” regional grouping, (2) transaction cost advantage in a regional model, and (3) the balancing of intraregional and extra-regional economies. Indeed, the argument is most certainly for an international regime of an “open,” not a “fortress” economic regionalism.This paper examines the subject relative to economic theory and policy.     

以高新技术带动葵涌镇经济和社会的超常发展

一、葵涌镇经济和社会发展的现状 葵涌镇位于深圳东部大鹏半岛与内陆的连接部位,东西濒临深圳特区和大亚湾开发区,拥有两条共31km长的海岸线,周围环山,自然地貌与硅谷相似,环境幽雅,景观巧妙别致。即将建成的东部沿……     

东亚地区经济一体化的目标与模式

自由贸易区成为东亚地区经济一体化的目标,“10＋3”机制为东亚经济一体化提供了某种形式的协调模式,但建立东亚自由贸易区的进程将是曲折的,仍有许多工作要做。     

承接国际产业转移推动天津经济发展

经过20年的开发建设,天津开发区已从昔日的盐碱滩演变成为如今的现代化工业新城区和天津这个国际口大都市的标志区,在承接国际产业转移、推动天津经发展方面取得了令人瞩目的成就。这些成就主要表现以下几个方面:1.经济总量和增长速度。2004年,天津开发区预计实现区生产总值(GD     

Women and economic development

This article relates some experiences of local authority interventions in Wolverhampton which have contributed to effective economic development work with women. The intention is to highlight approaches and actions which we believe need to be incorporated into local authority economic strategy in order to address women's needs. We also aim to identify certain limiting factors arising from the national context. The paper is based on work undertaken by the authors whilst working for Wolverhampton Council.     

Urbanization and economic development

"This paper seeks to contribute to the discussion on the relationship between the levels of urbanization, levels of economic development and the pattern of economic activities." The focus is on the situation in developing countries, and the data are from published World Bank sources. Data on per capita income are used to stratify countries into development levels. The study includes data on centrally planned economies and on African countries.     

从中国-东盟自由贸易区构想看东亚经济合作

从2001年11月朱镕基总理倡议建立中国-东盟自由贸易区以来,东亚经济合作陡然升温.其实中国从提出东亚高峰会,到推动<清迈倡议>,再到中国-东盟自由贸易区框架,已隐现东亚合作带有以中国崛起为背景的现实需求.东亚正在努力探寻一条纽带,一条能将东亚散落的珍珠串起来的纽带.     

上海经济两条曲钱逆向而动

2006年上海万元生产总值综合能耗有望实现下降4.4%的预期目标,再度居全国领先水平. 制度先行各立军令状 只快不好不算真水平,又好又快才是真本领.眼下,上海各行各业的"当家人"都知道:如果不能遏制能耗"胃口",企业发展贪多求快反而会使自家考核成绩丢分.2006年上半年,上海市人大常委会出台<关于进一步加强节约能源工作的决定>后,市政府立马颁布实施加强节能工作的若干意见,使全市节能降耗制度先行.其中重要一条,就是将节能降耗责任和成效纳入各级政府、各个部门目标责任制和领导干部年度考核体系中.