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Development and DistributionStructural Change in South East Asia$
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Andy Sumner

Print publication date: 2018

Print ISBN-13: 9780198792369

Published to Oxford Scholarship Online: July 2018

DOI: 10.1093/oso/9780198792369.001.0001

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Arrested Development?

Arrested Development?

The Rise of New Developmentalism in South East Asia

(p.142) 6 Arrested Development?
Development and Distribution

Andy Sumner

Oxford University Press

In this chapter, we discuss the third wave of developmentalism in South East Asia, which was a post-Lewis transition or even a ‘premature’ deindustrialization. There was a divergence across Malaysia, Indonesia, and Thailand in terms of managing Kuznetsian forces. The period begins with the crisis of the second wave of structural transformation and capital accumulation in the late 1990s. We identify the next incarnation of developmentalism in a nascent, new developmentalism and the ascendancy of Polanyi’s regulator or handmaiden, in the form of state intervention in the economy and a less liberal approach to international capital. The period has also been one of emerging democratic and popular political forces.

Keywords:   Inequality, structural change, poverty, Malaysia, Indonesia, Thailand, South East Asia

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