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All Journal IKAT : The Indonesian Journal of Southeast Asian Studies
Sajjad Kaveh
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Economics, Econometrics & Finance Other

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Foreign Direct Investment (FDI), Government Reform, and Their Role in Economic Development and the Rise of the Middle Classes in East and Southeast Asia Sajjad Kaveh; Hadi Noori; Arya Shafeghat Roodsari; Shukoofeh Goodarzinezhad
IKAT: The Indonesian Journal of Southeast Asian Studies Vol 4, No 1 (2020): July
Publisher : Center for Southeast Asian Social Studies (CESASS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22146/ikat.v4i1.54726

Abstract

Since the 1990s, East and Southeast Asian countries have experienced significant economic growth, leading to the expansion of the middle classes. Some scholars have attributed this economic development to cultural and political factors such as technocrat leaders, ethnic tolerance, or even Confucianism. Other researchers have only mentioned economic variables, such as free market, regional unions, and export-oriented policies. This paper does not rule out the role of these factors in the economic development of those regions, and by using a combined approach based on recent data, the authors argue that attracting foreign direct investment (FDI) and government reforms have been the most important factors influencing economic growth as well as the significant expansion of the middle classes in East and Southeast Asian societies.
Co-Authors Arya Shafeghat Roodsari Hadi Noori Shukoofeh Goodarzinezhad