Growth triangles: A strategic assessment

To remain competitive in attracting high value-added foreign investment, East Asian countries have looked to various sub-regional economic cooperation models. The growth triangle concept was developed by Singapore in cooperation with the Malaysian state of Johor and Indonesia's Riau Islands. Th...

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Bibliographic Details
Published in:Multinational business review 1997-04, Vol.5 (1), p.53
Main Author: Waldron, Darryl G
Format: Article
Language:English
Subjects:
Alliances
Capitalism
Comparative analysis
Cooperation
Developing countries
Economic development
Economic growth
Endowment
Exports
Foreign investment
GDP
Gross Domestic Product
Industrialized nations
LDCs
Manufacturing
Mercantilism
Natural resources
Politics
Prime ministers
Regions
Standard of living
Studies
Trends
Value added
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Summary:To remain competitive in attracting high value-added foreign investment, East Asian countries have looked to various sub-regional economic cooperation models. The growth triangle concept was developed by Singapore in cooperation with the Malaysian state of Johor and Indonesia's Riau Islands. The concept draws on the underlying notion that geographically contiguous sub-regions, characterized by significant differences in factor endowments can, by creating a strategic alliance, more effectively exploit the principle of comparative advantage to attract foreign investment committed to the production of exports. A study provides an overview of the growth triangle concept, explores its potential as a strategy for sub-regional economic development and identifies keys to creating a successful growth triangle.
ISSN:1525-383X
2054-1686