Southeast Asia in the New Global Economy: Emerging Challenges from Africa and Latin America
Southeast Asia Research Centre Working Paper No. 109
29 Pages Posted: 9 Oct 2011
Date Written: October 2011
Abstract
The purpose of this paper is to set the issue of Chinese investment in Southeast Asia in two contexts: the changing geography of economic growth and patterns of trade and investment across the world as a whole, and the accompanying quiet revolution that has taken place in the international institutions most directly concerned with the management of the global economy. The crisis that hit the advanced capitalist economies in 2007 has accelerated both processes, leading the OECD (Organisation for Economic Cooperation and Development) and the World Bank in particular to celebrate dynamic growth in Asia, Africa and Latin America, and to turn increasingly to Asia in general and China in particular as the key to future global growth. Central to this turn to the ‘emerging economies’ has been a sustained political and analytical focus on the potential for ‘South-South’ growth. In this context, the paper offers a stylized comparison of Africa, Latin America and Southeast Asia as regions in the new global economy, and draws some conclusions.
Keywords: Africa, Latin America, Southeast Asia, global economy
JEL Classification: FO2, N15, N16, N17, O53, O54, O55, P16
Suggested Citation: Suggested Citation
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