Co-sponsored by the Stanford Center for International Development

In 1986 then-Stanford professor Moses Abramovitz argued in a seminal article that all countries that are relatively backward in their levels of productivity had the potential for rapid advance, and indeed could quickly catch up with the leading economies if they could realize that potential. Their ability to catch up was to a large extent determined by their “social capability.” Although a number of European economies and Japan had narrowed the productivity gap with the USA in the post-1950 era, few low or middle income economies had managed to do this. Prof. Booth will examine the record inside Southeast Asia, where the gap in per capita GDP between Singapore and Malaysia compared with the region’s other economies has not narrowed much since 1960, and compared with some of them has actually widened. A particular puzzle concerns the Philippines, which was well ahead on most economic and social indicators in 1960 compared with Thailand and Indonesia, but fell behind over the ensuing 50+ years. Prof. Booth will explore the reasons for this.

Anne Booth has been an Asia-focused professor of economics in the School of Oriental and African Studies, University of London, since 1991. She studies the modern economic history of Southeast Asia with emphasis on the 20^th century. Her many writings in this field include Colonial Legacies: Economic and Social Development in East and Southeast Asia. Her latest book, Economic Change in Modern Indonesia, is due from Cambridge University Press in April. Before coming to SOAS, she held research and teaching positions in Singapore and Australia. Her degrees are from Victoria University of Wellington (BA) and the Australian National University (PhD). Before 1991 she held research and teaching positions in Singapore and Australia. She grew up in New Zealand.