Over the past 2 decades, income inequality has moderated in three middle-income countries in Southeast Asia-the Philippines, Thailand, and Viet Nam-with multiple factors at play. In each country, wage, nonfarm business income, and overseas remittance concentrations declined as less well-off...

The purpose of this paper is to set the issue of Chinese investment in Southeast Asia in two contexts: the changing geography of economic growth and patterns of trade and investment across the world as a whole, and the accompanying quiet revolution that has taken place in the international...

This paper provides narrative background on economic and political development of the 11 countries in Southeast Asia. It shows that post-World War II development experience, economic policies, and current economic performance in each country have deep historical roots, at least back to the...

Large private enterprises in the ASEAN-5 economies have been, and remain, dominated by firms that share four common characteristics: (1) their ownership and control are concentrated among a handful of prominent business families; (2) most of these families have Chinese origins; (3) each family...