Showing papers in "Journal of Asean Studies in 2014"
TL;DR: Based on a key literature study and analysis of secondary/national data, this article showed that in many ASEAN member states (AMS) MF has developed to some significant degree, although the rate of growth (e.g., number of MFIs, number of depositors and debtors, total loans allocated, etc.) as well as the market structure of MF vary across member states.
Abstract: Despite studies on microfinance (MF) or development of microfinance institutions (MFIs) in Asia developing countries, including countries as member states of the Association of Southeast Asian Nation (ASEAN), are growing, not so much attention have been given to the role of MF in financing micro, small and medium enterprises (MSMEs). Based on a key literature study and analysis of secondary/national data, the main aim of this study is to fill this gap. It shows that in many ASEAN member states (AMS) MF has developed to some significant degree, although the rate of growth (e.g. number of MFIs, number of depositors and debtors, total loans allocated, etc.) as well as the market structure of MF vary across member states. From the Indonesian case this study comes with two most interesting facts. First, majority of MSMEs do not have access to credit from banks and/or other formal non-bank financial institutions. Second, MF services or MFIs are growing fast, and the most popular MF program so far is Kredit Usaha Rakyat (KUR), or people business credit (i.e. a credit scheme without collateral), introduced during the SBY period.
6 citations
TL;DR: In this article, the authors explore the following four factors over the failure of Indonesia's auto industry: inappropriate state intervention, distorted government-business relations, failure to join international complementarities in the auto industry, and ineffective management on globalization.
Abstract: The development of auto industry needs a series of related policies and conditions, including market, technology, management, basic infrastructure, etc. Several Southeast Asian countries are hoping to develop their auto industries in order to lead the development of other industries in their countries. Having the largest auto market in Southeast Asia, Indonesia is supposed to have more favorable conditions than Thailand and Malaysia on the development of auto industry. Unlike Malaysia’s auto industry that has its own national brand, Indonesia does not have a national auto brand, nor like Thailand as the largest auto exporting country in Southeast Asia, a Japanese scholar even contends that Indonesia’s auto industry is “technology-less industrialization”. Based on the above analysis, the paper argues that the failure of Indonesia’s auto industry has to do with the structural factors in Indonesia’s political economy. This paper therefore will, by taking the perspective of political economy, explore the following four factors over the failure of Indonesia’s auto industry: (1) inappropriate state intervention, (2) distorted government-business relations, (3) failure to join international complementarities in the auto industry, and (4) ineffective management on globalization.
5 citations
TL;DR: The U.S. rebalance towards Asia policy as mentioned in this paper was introduced by the U. S. President Barack Obama early in his first administration in 2010, which marked specific changing to the United States' foreign policy like never before.
Abstract: The policy was introduced by the U.S. President Barack Obama early in his first administration in 2010, marked specific changing to the U.S. foreign policy like never before. The U.S. continuously views South and South East Asia, including the Indian Ocean, as a crucial driver for America’s economic growth and prosperity throughout the 21st century. Numerous numbers of cooperation and partnership have been done to enhance the ties between the U.S. and the regions. The U.S. presence and involvement in most essential regional meetings and summits can also be seen as an effort to seek opportunities, politically, economically, as well as security. This article tries to analyze how the U.S. rebalance towards Asia policy, a term used for the U.S.' foreign policy influenced the regional stability in Asia-Pacific region.
4 citations
TL;DR: In this article, the authors discuss how the Thai state transformed under globalization from three industries: the Telecommunication industry, the Automobile industry, and the Cultural Creative industry, observing that Thailand turned to take regionalization and localization into consideration, which in turn demanded the state to increase domestic autonomy and capacity.
Abstract: Since the 1990s, governments around the world have emphasized the core concepts of globalization. Many governments initiated a series of political policies regarding liberalization and privatization in response to the inevitable phenomenon. In Southeast Asia, Thailand participated in the development as well by reconstructing its financial system to allow greater foreign capital for investments. Unfortunately, the importance of prudential regulations was underestimated, and the neglect thereafter caused the Asian Financial Crisis which initially occurred in Thailand on the second of June, 1997. The Thai government received 17.2 billion US dollars from the International Monetary Fund (IMF) to stabilize its domestic situation and implemented structural reform to minimize losses from the crisis. Meanwhile, different voices regarding the policies for globalization were expressed. These opinions mainly referred to regionalization/ regionalism and localization/ localism. This study discusses how the Thai state transformed under globalization from three industries: the Telecommunication industry, the Automobile industry, and the Cultural Creative industry. This article observes that Thailand turned to take regionalization and localization into consideration, which in turn demanded the state to increase domestic autonomy and capacity. The findings also suggest that cooperation with other governments in the region to accelerate economic recovery from the crisis was inevitable. However, political instability and close state-business relations continue to make the future of Thailand uncertain.
3 citations
TL;DR: A new security policy against China in East China Sea, which has increased tension in that region was developed by Japan's new leadership under Shinzo Abe, who has conservative political view as mentioned in this paper.
Abstract: Japan has developed a new security policy against China in East China Sea, which has increased tension in that region. Japan’s new leadership under Shinzo Abe, who has conservative political view, has unbeatable policy against China’s hegemony. Abe revised Japan Self-Defence Forces role in the Japanese Constitution by making critical amendments on particular articles, which should be seen as Japan’s bargaining power against China. The two major powers in East China Sea can be seen as security dilemma of other states. Pursuit of power and hegemony will influence other major actors in the global world system and also small states. Japan’s new security policy is as a renaissance of Japan’s hegemony or pursuit of power in East China Sea. By using bargaining model of war, Japan’s security policy will determine overall situation in South China Sea or particularly in East China Sea: whether it will remain of high threat or balance of threat rather than balance of power, or it will face possible conflict in the future.
2 citations
TL;DR: In this paper, the authors focus on linking the determinants of an effective product development process and new product performance within manufacturing companies across industries in Malaysia that have certain level of new product development activities taking in their organization.
Abstract: The literature on new product development is growing but Malaysia manufacturing industry often lacks these discussions. Therefore, this paper focuses on linking the determinants of an effective product development process and new product performance within manufacturing companies across industries in Malaysia that have certain level of new product development activities taking in their organization. Further, the paper organises the burgeoning new product development literature into four main determinants: customer orientation, cross-functional team, new product development team proficiency and management support. The selection of determinants to the theoretical framework is adjusting for manufacturing industry origins in previous written research material. The literature review focuses on the product development process and builds the framework of conceptual model detailing the initialization and implementation stage in the product development process. Two theoretical perspectives have guided the conceptual framework which is the resource-based view and organizational theories. The proposal is to give an increased understanding of the changed new product process in Malaysian industry and its implication on activities concerning organisation and management of the new product development process. This framework reflects a growing interest in extending new product development paradigms to emerging in ASEAN countries, thus contributing to a wider body of knowledge.
2 citations
TL;DR: Wang et al. as discussed by the authors revealed that China exerts signaling strategy in its crisis bargaining over the South China Sea dispute, which contains reassurance as positive signal through offering negotiation and appearing self-restraint and of negative signal by means of escalatory acts and verbal threats.
Abstract: As one of China’s most intricate territorial dispute, the South China Sea dispute has sufficiently consumed significant amount of Chinese leaders’ attention in Beijing. This paper reveals that China exerts signaling strategy in its crisis bargaining over the South China Sea dispute. This strategy contains reassurance as positive signal through offering negotiation and appearing self-restraint and of negative signal by means of escalatory acts and verbal threats. China’s crisis bargaining in the South China Sea dispute aims to preserve crisis stability: a stabilized condition after escalation in which neither further escalation nor near-distant resolution is in order. From the yearly basis analysis in the four-year span study, China’s longing for crisis stability fits into its conduct in crisis bargaining with Southeast Asian states.
TL;DR: The election of Xi Jinping to the presidency of the People's Republic of China (PRC) and to the position as General Secretary of the Chinese Communist Party (CCP) is therefore, as the result of cooperation among factions as discussed by the authors.
Abstract: Since the death of Mao Zedong in 1976 and Deng Xiaoping in 1997, factionalism and power struggle as the characteristic of leadership change in China has ended. Although factionalism still exists, it has been converted to collaboration among all factions within the Chinese Communist Party (CCP). The election of Xi Jinping to the presidency of the People’s Republic of China (PRC) and to the position as General Secretary of the Chinese Communist Party (CCP) is therefore, as the result of cooperation among factions. This paper discusses various challenges, including nationalism as the most serious issue faced by Xi Jinping as a leader elected through compromise.