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- W1490395539 abstract "This study examines how the interaction between globalisation and domestic politics shapedthe evolution of the ASEAN Free Trade Area (AFTA) between 1991 and 2000. Previousstudies have argued that AFTA, a project of open regionalism, was adopted to attract foreigndirect (FDI) investment to the region. Accurate to a degree, this dissertation argues that theconcern with FDI is only part of the AFTA story, albeit an important part. The FDIexplanation is unable to explain why market access and national treatment privileges wereoffered to national (domestic) investors from the ASEAN countries at least ten years ahead offoreign (non-ASEAN) investors in AFTA's investment liberalisation programme.The dissertation explains this departure from open regionalism, which has yet to be accountedfor in the literature, by advancing the notion of 'developmental' regionalism. Underwritten bystrategic trade theory rather than neoclassical economics, developmental regionalismemphasises the nurturing of domestic capital by using the expanded regional market andtemporary protection or privileges for domestic capital as the means to build up domesticfirms capable of meeting global market competition. Unlike existing models of theglobalisation-regionalism relationship, which do not integrate domestic politics or do so in alimited way, the model of developmental regionalism considers domestic capital to be a keyanalytical variable, and takes seriously its location within domestic politics and society.Using documentary research and elite interviews, and guided by these theoretical insights, thestudy shows that AFTA encompasses the features of both open and developmental regionalismdue to the political significance of both foreign and domestic capital in the ASEANeconomies. While both forms of regionalism were driven by the imperative of growth,distributive concerns were weaved into the concern with growth in developmentalregionalism, as governments sought to nurture those segments of domestic capital that wereimportant in sustaining elite rule." @default.
- W1490395539 created "2016-06-24" @default.
- W1490395539 creator A5051172994 @default.
- W1490395539 date "2001-08-01" @default.
- W1490395539 modified "2023-09-28" @default.
- W1490395539 title "The political economy of the ASEAN Free Trade Area : the dynamics of globalisation, developmental regionalism and domestic politics" @default.
- W1490395539 hasPublicationYear "2001" @default.
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