Convergence to the global frontier in South East Asia and CESEE: The role of external and internal anchors and their interactions

The paper investigated the difference the EU made to the nature and speed of convergence process in the countries that joined the EU since 2004 relative to countries that converged outside such closely-knit supranational organization. It draws some lessons from this analysis for ASEAN countries. The...

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Autor principal:	István P. Székely
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Regional integration European Union ASEAN Economic Social convergence Regional economics. Space in economics HT388
Acceso en línea:	https://doaj.org/article/d8bae033ed9f4f51bcd4a43bb0034361
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id	oai:doaj.org-article:d8bae033ed9f4f51bcd4a43bb0034361
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spelling	oai:doaj.org-article:d8bae033ed9f4f51bcd4a43bb00343612021-12-03T04:01:20ZConvergence to the global frontier in South East Asia and CESEE: The role of external and internal anchors and their interactions2667-111510.1016/j.aglobe.2021.100005https://doaj.org/article/d8bae033ed9f4f51bcd4a43bb00343612021-01-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S2667111521000050https://doaj.org/toc/2667-1115The paper investigated the difference the EU made to the nature and speed of convergence process in the countries that joined the EU since 2004 relative to countries that converged outside such closely-knit supranational organization. It draws some lessons from this analysis for ASEAN countries. The most important lesson is that closely integrated supranational organizations can boost economic convergence to the global frontier by further unleashing the market forces of globalization. However, market-based rapid economic convergence requires matching improvement in institutional quality to make the process sustainable and to turn economic convergence into social convergence.István P. SzékelyElsevierarticleRegional integrationEuropean UnionASEANEconomicSocial convergenceRegional economics. Space in economicsHT388ENAsia and the Global Economy, Vol 1, Iss 1, Pp 100005- (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Regional integration European Union ASEAN Economic Social convergence Regional economics. Space in economics HT388
spellingShingle	Regional integration European Union ASEAN Economic Social convergence Regional economics. Space in economics HT388 István P. Székely Convergence to the global frontier in South East Asia and CESEE: The role of external and internal anchors and their interactions
description	The paper investigated the difference the EU made to the nature and speed of convergence process in the countries that joined the EU since 2004 relative to countries that converged outside such closely-knit supranational organization. It draws some lessons from this analysis for ASEAN countries. The most important lesson is that closely integrated supranational organizations can boost economic convergence to the global frontier by further unleashing the market forces of globalization. However, market-based rapid economic convergence requires matching improvement in institutional quality to make the process sustainable and to turn economic convergence into social convergence.
format	article
author	István P. Székely
author_facet	István P. Székely
author_sort	István P. Székely
title	Convergence to the global frontier in South East Asia and CESEE: The role of external and internal anchors and their interactions
title_short	Convergence to the global frontier in South East Asia and CESEE: The role of external and internal anchors and their interactions
title_full	Convergence to the global frontier in South East Asia and CESEE: The role of external and internal anchors and their interactions
title_fullStr	Convergence to the global frontier in South East Asia and CESEE: The role of external and internal anchors and their interactions
title_full_unstemmed	Convergence to the global frontier in South East Asia and CESEE: The role of external and internal anchors and their interactions
title_sort	convergence to the global frontier in south east asia and cesee: the role of external and internal anchors and their interactions
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/d8bae033ed9f4f51bcd4a43bb0034361
work_keys_str_mv	AT istvanpszekely convergencetotheglobalfrontierinsoutheastasiaandceseetheroleofexternalandinternalanchorsandtheirinteractions
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Convergence to the global frontier in South East Asia and CESEE: The role of external and internal anchors and their interactions

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