Shaping Policy Reform and Peer Review in Southeast Asia

Integrating Economies Amid Diversity

image of Shaping Policy Reform and Peer Review in Southeast Asia

The Southeast Asian region has experienced remarkable economic dynamism in the past few decades. An interesting feature of recent developments in the region, is that in spite of its diversity, several initiatives have been launched towards integration.

The peer review mechanism has been a tried and tested instrument for OECD member states to work together successfully over the past decades. This tool could benefit the Southeast Asian region as it helps identify good practices, establish standards and principles and ultimately improve the performance of participating economies. This publication presents the proceedings of a conference in which  the possible application of peer reviews to address regional and domestic challenges in Southeast Asia were discussed.



The Political Economy of Policy Reforms and Peer Review Mechanism: Viet Nam's Experience

During the 1990s, a large number of countries embarked on fundamental economic policy reforms. Centrally planned economies in Eastern Europe and East Asia, as well as highly protected and inward-looking economies like India and Brazil, were eager to reduce government involvement in economic decision-making in order to ensure macroeconomic stability and open up to international trade and capital flows. Different countries adopted different approaches and sequences of reform, which led to different policy outcomes. These experiences provide fertile ground for the political economy studies of economic reform. They provide considerable material on critical factors, like the timing, economic necessity, and political challenges of reforms.


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