Table Of ContentROUTLEDGE STUDIES IN THE GROWTH
ECONOMIES OF ASIA
State Structure, Policy
Formation, and Economic
Development in Southeast Asia
The political economy of Thailand and
the Philippines
Antoinette R. Raquiza
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 vulner-
able 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. Conduct-
ing a comparative historical analysis of Thailand and the Philippines, the book
argues that the institutional settings of governing elites influence economic out-
comes. 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 8 Economic Development in
of East Asia Twentieth Century East Asia
Edited by Ky Cao The international context
Edited by Aiko Ikeo
2 Financial Reform in China
Edited by On Kit Tam 9 The Politics of Economic
Development in Indonesia
3 Women and Industrialization Contending perspectives
in Asia Edited by Ian Chalmers and
Edited by Susan Horton Vedi R. Hadiz
4 Japan’s Trade Policy 10 Studies in the Economic
Action or reaction? History of the Pacific Rim
Yumiko Mikanagi Edited by Sally M. Miller,
A.J.H. Latham and
5 The Japanese Election System Dennis O. Flynn
Three analytical perspectives
Junichiro Wada 11 Workers and the State in New
Order Indonesia
6 The Economics of the Vedi R. Hadiz
Latecomers
Catching-u p, technology transfer 12 The Japanese Foreign
and institutions in Germany, Exchange Market
Japan and South Korea Beate Reszat
Jang- Sup Shin
13 Exchange Rate Policies in
7 Industrialization in Malaysia Emerging Asian Countries
Import substitution and infant Edited by Stefan Collignon,
industry performance Jean Pisani-F erry and
Rokiah Alavi Yung Chul Park
14 Chinese Firms and Technology 23 Technology, Competitiveness
in the Reform Era and the State
Yizheng Shi Malaysia’s industrial technology
policies
15 Japanese Views on Economic Edited by Jomo K.S. and
Development Greg Felker
Diverse paths to the market
Kenichi Ohno and Izumi Ohno 24 Corporatism and Korean
Capitalism
16 Technological Capabilities and Edited by Dennis L. McNamara
Export Success in Asia
Edited by Dieter Ernst, 25 Japanese Science
Tom Ganiatsos and Samuel Coleman
Lynn Mytelka
26 Capital and Labour in Japan
17 Trade and Investment in China The functions of two factor
The European experience markets
Edited by Roger Strange, Toshiaki Tachibanaki and
Jim Slater and Limin Wang Atsuhiro Taki
18 Technology and Innovation in 27 Asia Pacific Dynamism
Japan 1550–2000
Policy and management for the Edited by A.J.H. Latham and
21st century Heita Kawakatsu
Edited by Martin Hemmert and
Christian Oberländer 28 The Political Economy of
Development and Environment
19 Trade Policy Issues in Asian in Korea
Development Jae- Yong Chung and
Prema- chandra Athukorala Richard J Kirkby
20 Economic Integration in the 29 Japanese Economics and
Asia Pacific Region Economists since 1945
Ippei Yamazawa Edited by Aiko Ikeo
21 Japan’s War Economy 30 China’s Entry into the World
Edited by Erich Pauer Trade Organisation
Edited by Peter Drysdale and
22 Industrial Technology Ligang Song
Development in Malaysia
Industry and firm studies 31 Hong Kong as an International
Edited by Jomo K.S., Financial Centre
Greg Felker and Rajah Rasiah Emergence and development
1945–1965
Catherine R. Schenk
32 Impediments to Trade in 40 The Economy of the
Services: Measurement and Philippines
Policy Implication Elites, inequalities and economic
Edited by Christoper Findlay and restructuring
Tony Warren Peter Krinks
33 The Japanese Industrial 41 China’s Third Economic
Economy Transformation
Late development and cultural The rise of the private economy
causation Edited by Ross Garnaut and
Ian Inkster Ligang Song
34 China and the Long March to
42 The Vietnamese Economy
Global Trade
Awakening the dormant dragon
The accession of China to the
Edited by Binh Tran-N am and
World Trade Organization
Chi Do Pham
Edited by Alan S. Alexandroff,
Sylvia Ostry and Rafael Gomez
43 Restructuring Korea Inc.
Jang- Sup Shin and
35 Capitalist Development and
Ha- Joon Chang
Economism in East Asia
The rise of Hong Kong,
44 Development and Structural
Singapore, Taiwan, and
Change in the Asia- Pacific
South Korea
Globalising miracles or end of a
Kui- Wai Li
model?
Edited by Martin Andersson and
36 Women and Work in
Christer Gunnarsson
Globalizing Asia
Edited by Dong-S ook S. Gills and
45 State Collaboration and
Nicola Piper
Development Strategies in
37 Financial Markets and Policies China
in East Asia The case of the China–Singapore
Gordon de Brouwer Suzhou Industrial Park
(1992–2002)
38 Developmentalism and Alexius Pereira
Dependency in Southeast Asia
The case of the automotive 46 Capital and Knowledge in Asia
industry Changing power relations
Jason P. Abbott Edited by Heidi Dahles and
Otto van den Muijzenberg
39 Law and Labour Market
Regulation in East Asia 47 Southeast Asian Paper Tigers?
Edited by Sean Cooney, From miracle to debacle and
Tim Lindsey, Richard Mitchell beyond
and Ying Zhu Edited by Jomo K.S.
48 Manufacturing 56 The Rise and Fall of the East
Competitiveness in Asia Asian Growth System,
How internationally competitive 1951–2000
national firms and industries International competitiveness and
developed in East Asia rapid economic growth
Edited by Jomo K.S. Xiaoming Huang
49 The Korean Economy at the 57 Service Industries and Asia-
Crossroads Pacific Cities
Edited by MoonJoong Tcha and New development trajectories
Chung- Sok Suh Edited by P.W. Daniels, K.C. Ho
and T.A. Hutton
50 Ethnic Business
Chinese capitalism in 58 Unemployment in Asia
Southeast Asia Edited by John Benson and
Edited by Jomo K.S. and Ying Zhu
Brian C. Folk
59 Risk Management and
51 Exchange Rate Regimes in East Innovation in Japan, Britain
Asia and the USA
Edited by Gordon de Brouwer Edited by Ruth Taplin
and Masahiro Kawai
60 Japan’s Development Aid to
52 Financial Governance in East China
Asia The long- running foreign policy
Policy dialogue, surveillance and of engagement
cooperation Tsukasa Takamine
Edited by Gordon de Brouwer
and Yunjong Wang 61 Chinese Capitalism and the
Modernist Vision
53 Designing Financial Systems in Satyananda J. Gabriel
East Asia and Japan
Edited by Joseph P.H. Fan, 62 Japanese Telecommunications
Masaharu Hanazaki and Edited by Ruth Taplin and
Juro Teranishi Masako Wakui
54 State Competence and 63 East Asia, Globalization and
Economic Growth in Japan the New Economy
Yoshiro Miwa F. Gerard Adams
55 Understanding Japanese 64 China as a World Factory
Saving Edited by Kevin Honglin Zhang
Does population aging matter?
Robert Dekle
65 China’s State Owned 74 Accelerating Japan’s Economic
Enterprise Reforms Growth
An industrial and CEO approach Resolving Japan’s growth
Juan Antonio Fernandez and controversy
Leila Fernandez- Stembridge Edited by F. Gerard Adams,
Lawrence R. Klein,
66 China and India Yuzo Kumasaka and
A tale of two economies Akihiko Shinozaki
Dilip K. Das
75 China’s Emergent Political
67 Innovation and Business Economy
Partnering in Japan, Europe Capitalism in the dragon’s lair
and the United States Edited by
Edited by Ruth Taplin Christopher A. McNally
68 Asian Informal Workers 76 The Political Economy of the
Global risks local protection SARS Epidemic
Santosh Mehrotra and The impact on human resources
Mario Biggeri in East Asia
Grace O.M. Lee and
69 The Rise of the Corporate Malcolm Warner
Economy in Southeast Asia
Rajeswary Ampalavanar Brown 77 India’s Emerging Financial
Market
70 The Singapore Economy A flow of funds model
An econometric perspective Tomoe Moore
Tilak Abeyshinge and
Keen Meng Choy 78 Outsourcing and Human
Resource Management
71 A Basket Currency for Asia An international survey
Edited by Takatoshi Ito Edited by Ruth Taplin
72 Private Enterprises and 79 Globalization, Labor Markets
China’s Economic and Inequality in India
Development Dipak Mazumdar and
Edited by Shuanglin Lin and Sandip Sarkar
Xiaodong Zhu
80 Globalization and the Indian
73 The Korean Developmental Economy
State Roadmap to a convertible rupee
From dirigisme to neo-l iberalism Satyendra S. Nayak
Iain Pirie
81 Economic Cooperation 90 Southeast Asia’s Credit
between Singapore and India Revolution
An alliance in the making From moneylenders to
Faizal Yahya microfinance
Aditya Goenka and David Henley
82 The United States and the
Malaysian Economy 91 Economic Reform and
Shakila Yacob Employment Relations in
Vietnam
83 Banking Reform in Southeast Ngan Thuy Collins
Asia
The region’s decisive decade 92 The Future of Asian Trade and
Malcolm Cook Growth
Economic development with the
84 Trade Unions in Asia emergence of China
An economic and sociological Linda Yueh
analysis
Edited by John Benson and 93 Business Practices in Southeast
Ying Zhu Asia
An interdisciplinary analysis of
85 Trade Liberalisation and Theravada Buddhist countries
Regional Disparity in Pakistan Scott A. Hipsher
Muhammad Shoaib Butt and
Jayatilleke S Bandara 94 Responsible Development
Vulnerable democracies, hunger
86 Financial Development and and inequality
Economic Growth in Malaysia Omar Noman
James Ang
95 The Everyday Impact of
87 Intellectual Property and the Economic Reform in China
New Japanese Global Economy Management change, enterprise
Ruth Taplin performance and daily life
Ying Zhu, Michael Webber and
88 Laggards and Leaders in John Benson
Labour Market Reform
Comparing Japan and Australia 96 The Rise of Asia
Edited by Jenny Corbett, Trade and investment in global
Anne Daly, Hisakazu Matsushige perspective
and Dehne Taylor Prema- chandra Athukorala
89 Institutions for Economic 97 Intellectual Property,
Reform in Asia Innovation and Management in
Edited by Philippa Dee Emerging Economies
Edited by Ruth Taplin and
Alojzy Z. Nowak
98 Special Economic Zones in 104 Korean Women Managers and
Asian Market Economies Corporate Culture
Edited by Connie Carter and Challenging tradition, choosing
Andrew Harding empowerment, creating change
Jean R. Renshaw
99 The Migration of Indian
Human Capital 105 Trade Liberalisation and
The ebb and flow of Indian Poverty in South Asia
professionals in Southeast Asia Edited by
Faizal bin Yahya and Prema- Chandra Athukorala,
Arunajeet Kaur Jayatilleke S. Bandara and
Saman Kelegama
100 Economic Development and
Inequality in China 106 Pro- poor Growth and
The case of Guangdong Liberalization in Developing
Hong Yu Economies
The case of Nepal
101 The Japanese Pharmaceutical Sanjaya Acharya
Industry
Its evolution and current 107 China and the Global Economy
challenges in the 21st Century
Maki Umemura Edited by John Saee
102 The Dynamics of Asian Labour 108 State Structure, Policy
Markets Formation, and Economic
Balancing control and flexibility Development in Southeast Asia
Edited by John Benson and The political economy of
Ying Zhu Thailand and the Philippines
Antoinette R. Raquiza
103 Pakistan – The Political
Economy of Growth,
Stagnation and the State, 1951
to 2009
Matthew McCartney
State Structure, Policy
Formation, and Economic
Development in Southeast Asia
The political economy of Thailand and
the Philippines
Antoinette R. Raquiza
