Chronology and stable carbon isotopic ratios of sediments from the Western Pacific Warm Pool region

Instrumental data suggest that major shifts in tropical Pacific atmospheric dynamics and hydrology have occurred within the past century, potentially in response to anthropogenic warming. To better understand these trends, we use the hydrogen isotopic ratios of terrestrial higher plant leaf waxes (DDwax) in marine sediments from southwest Sulawesi, Indonesia, to compile a detailed reconstruction of central Indo-Pacific Warm Pool (IPWP) hydrologic variability spanning most of the last two millennia. Our paleodata are highly correlated with a monsoon reconstruction from Southeast Asia, indicating that intervals of strong East Asian summer monsoon (EASM) activity are associated with a weaker Indonesian monsoon (IM). Furthermore, the centennial-scale oscillations in our data follow known changes in Northern Hemisphere climate (e.g., the Little Ice Age and Medieval Warm Period) implying a dynamic link between Northern Hemisphere temperatures and IPWP hydrology. The inverse relationship between the EASM and IM suggests that migrations of the Intertropical Convergence Zone and associated changes in monsoon strength caused synoptic hydrologic shifts in the IPWP throughout most of the past two millennia.

Concentrations of tektites and chemical elements in sediments from ODP Holes 121-758B and 124-769A

Recently published studies of Ocean Drilling Project (ODP) cores from near southeast Asia revealed microtektite contents much higher than those in previously studied cores, suggesting that Ir contents might be enhanced in the tektite-bearing horizons. We determined a positive Ir anomaly in ODP core 758B from the Ninetyeast Ridge, eastern Indian Ocean; the peak Ir concentration of 190 pg/ g was ~2X the continuum level. The net Ir fluence is 1.8+/-0.5 ng/cm**2 over the depth interval from 10.87 to 11.32 m; a small additional peak also associated with microtektites contributes another 0.5 ng Ir/cm**2. Concentrations of Ir in core 769A show more scatter, but a small Ir enhancement is associated with the peak microtektite abundance; our best estimate of the poorly constrained fluence is 1.3+/-0.7 ng/cm**2. Data on deep-sea cores show that the microtektite fluence falls exponentially away from southeast Asia, the fluence dropping a factor of 2 in ~400 km. In southeast Asia the trend merges with a roughly estimated mass fluence of ~1.1 g/cm**2 inferred from evidence of a melt sheet in northeast Thailand. Integration of the inferred distribution yields a total mass of Australasian tektites of 3.2x10**16 g, much higher than previous estimates. Assuming a similar fallout distribution for the impactor and a chondritic composition allows us to calculate its mass to be 1.5x10**15 g, about 3 orders of magnitude smaller than the minimum mass of the impactor responsible for the extinctions at the end of the Cretaceous.

Geochemistry and foraminiferal stable isotoe record of sediment core SCS90-36

Changes in the Southeast Asia monsoon winds and surface circulation patterns since the last glaciation are inferred using multiple paleoceanographic indicators including planktic foraminifer faunal abundances, fauna and alkenones sea-surface temperature (SST) estimates, oxygen and carbon isotopes of planktic and benthic foraminifers, and sedimentary fluxes of carbonates and organic carbon obtained from deep-sea core SCS90-36 from the South China Sea (SCS) (17°59.70'N, 111°29.64'E at water depth 2050 m). All these paleoceanographic evidences indicate marked changes in the SCS ocean system over the last glacial toward the Holocene. Planktic foraminiferal faunal SST estimates show stable warm-season SST of 28.6°C, close to the modern value, throughout the glacial-interglacial cycle. In contrast, cold-season SST increases gradually from 23.6°C in the last glacial to a mean value of 26.4°C in the Holocene with a fluctuation of about 3°C during 13-16 ka. SST estimates by UK'37 method reveal less variability and are in average 1-3°C lower than the fauna-derived winter-season SST. These patterns reveal that the seasonality of the SST is not only higher by about 3-4°C in the glacial, but also a function of the winter season SST. Sedimentation rates decrease from the last glacial-deglacial stage to the Holocene due to a reduction in supply of terrigenous components, which led to an increase of carbonate contents. Total organic carbon (TOC) contents of primarily marine sources decrease from the last glacial-deglacial to the Holocene. The last deglaciation is also characterized by high surface productivity as indicated by increased ketones abundances and high mass accumulation rates (MAR) of the TOC and carbonates. The gradient of planktic foraminifer ocygen and carbon isotopes of between surface dwellers and deep dwellers increases significantly toward Termination I and Holocene, and is indiscernibly small in the carbon isotope gradient of between 14 and 24 ka, revealing a deep-mixing condition in surface layers prior to 10 ka. The glacial-interglacial fluctuation of the carbon isotope value of a benthic foraminifer is 0.61%. which is significantly larger than a global mean value. The large carbon isotope fluctuation indicates an amplification of marginal-sea effects which is most likely resulted from an increase in surface productivity in the northern SCS during the last glacial-deglacial stage. The multiple proxies consistently indicate that the last glacial-deglacial stage winter monsoon in the Southeast Asia was probably strengthened in the northern SCS, leading to a development of deep-mixing surface layer conditions and a more efficient nutrient cycling which supports more marine organic carbon production.

An Asian Triangle of Growth and Cluster-to-Cluster Linkages

It is expected that an Asian triangle of growth will be formed in the coming few decades. China, India and ASEAN surround the Asian triangle, which is home to many industrial clusters. Multinational corporations will link these clusters together. Regional integration will help them in this task by lowering the barriers of national borders. This paper explains the necessity of regional integration for cluster-to-cluster linkages in the Asian triangle of growth.

Financial Cooperation in East Asia

This paper addresses the rationale for financial cooperation in East Asia. It begins by giving a brief review of developments after the Asian currency crisis, and argues that enhancing regional financial cooperation both quantitatively and qualitatively will require: (1) upgrading surveillance capabilities in the region, and (2) creating a clear division of labor between regional institutions and the IMF. It also mentions the issue of membership and the background forces that have led to the duplication of similar forums in East Asia. Although the concern over crisis management is the central issue in East Asian financial cooperation, other issues such as exchange rate policy coordination and fostering regional capital markets are discussed as well.

Effectiveness and Challenges of Three Economic Corridors of the Greater Mekong Sub-region

Since the Greater Mekong Sub-region (GMS) program began in 1992, activities have expanded and flourished. The three economic corridors are composed of the East-West, North-South, and Southern; these are the most important parts of the flagship program. This article presents an evaluation of these economic corridors and their challenges in accordance with the regional distribution of population and income, population pyramids of member countries, and trade relations of member economies.

Outward FDI from and intraregional FDI in ASEAN : trends and drivers

Developing-country transnational corporations (TNCs) are increasing in importance in the global economy. Outward FDI from developing countries is a proxy indicator to measure how much of an important role enterprises of developing countries have played in the world market and how they benefit from globalization where border barriers are reduced. This study finds that ASEAN enterprises have extended their business activities within ASEAN, East Asia, and then to the world, as both regional and global players.

The "Catching up" Process of Manufacturing in East Asia

This paper examines the "catching up" process of manufacturing in East Asia within the framework of North and South location. Results of this study indicate that latecomers of the ASEAN Four and China have advanced the "catching up" process. At the same time, second-runners of the Asian NIES have more extensively increased their "catching up" with Japan. Most "catching up" was realized in a very short period in the 1990s, and the advancement of the "catching up" process has moved into various industries from nondurable products to light machinery products. However, it has not yet advanced in heavy machinery such as in the industrial machinery and machine tool industries.

Thailand's Economic Cooperation with Neighboring Countries and Its Effects on Economic Development within Thailand

Thailand's economic cooperation with neighboring countries, including not only trade and investment but also economic assistance, is tied inseparably to regional development within Thailand. Assistance to develop infrastructure along economic corridors, for example, promotes Thai regional development. This study examines the trade and investment relationships between Thailand and its neighboring countries, as well as related economic policies of Thailand. The study also examines the type of economic assistance being extended, and the resulting regional development taking place. And lastly, the study considers policies for further cooperation by Thailand and the implications this has for Japanese economic cooperation.

Industrial Policy in Asia

This paper examines three types of industrialization that have occurred in East Asia: the Japanese, Chinese and generic Asian models. Industrial policies in Japan and the Republic of Korea (ROK) initially protected local companies from foreign investors by imposing high tariffs on foreign investors. But Japan began introducing liberalization policies to attract foreign direct investment (FDI) in the 1960s, and the ROK began to welcome foreign technology in the 1970s. Meanwhile, the governments of the ASEAN countries and Taiwan established export-processing zones (EPZ) to invite FDI by offering preferential treatment, such as tax deductions and exemptions. China adopted similar industrial policies and also established EPZs, attracting the capital and know-how of multinationals and thereby strengthening the international competitiveness of local enterprises. This paper reaches the following three conclusions. First, it would have been difficult for East Asian countries to grow without FDI. Second, central governments were a crucial factor in these countries' growth strategies. Third, EPZs offering preferential treatment can effectively enhance aggregate growth in developing countries, and the Asian experience shows that this strategy can be applied to other countries that satisfy certain preconditions.

Financing Small and Medium Enterprises in Myanmar

Small and medium enterprises (SMEs) share the biggest part in Myanmar economy in terms of number, contribution to employment, output, and investment. Myanmar economic growth is thus totally dependent on the development of SMEs in the private sector. Today, the role of SMEs has become more vital in strengthening national competitive advantage and the speedy economic integration into the ASEAN region. However, studies show that SMEs have to deal with a number of constraints that hinder their development potential, such as the shortage in power supply, unavailability of long-term credit from external sources and many others. Among them, the financing problem of SMEs is one of the biggest constraints. Such is deeply rooted in demand and supply issues, macroeconomic fundamentals, and lending infrastructure of the country. The government’s policy towards SMEs could also lead to insufficient support for the SMEs. Thus, focusing on SMEs and private sector development as a viable strategy for industrialization and economic development of the country is a fundamental requirement for SME development. This paper recommends policies for stabilizing macro economic fundamentals, improving lending infrastructures of the country and improving demand- and supply-side conditions from the SMEs financing perspective in order to provide a more accessible financing for SMEs and to contribute in the overall development of SMEs in Myanmar thereby to sharpen national competitive advantage in the age of speedy economic integration.

Foreign Direct Investment Relations between Myanmar and ASEAN

Myanmar highly appreciates foreign direct investment (FDI) as a key solution reducing the development gap with leading ASEAN countries. Accordingly, it is welcomed by the government. Myanmar's Foreign Investment Law was enacted in 1988 soon after the adoption of a market-oriented economic system to boost the flow of FDI into the country. Foreign investors positively responded to these measures in the early years and FDI inflow into Myanmar gradually increased during the period from 1989 to 1996. However, after 1997, FDI inflow was dramatically reduced and markedly declined until 2004. In 2005, FDI inflow increased at an unprecedented rate and reached the highest level in the country's history. However, this growth was not sustainable in the subsequent years, as it declined again and turned stagnant at the previous level. In terms of source regions, ASEAN is a major investor in Myanmar, which investment is significantly exceeds the combined investment of other regions of the world. Among top ten countries, Thailand's investment alone is significantly more than combined total investments of the other nine countries. Next to Thailand in terms of investments in Myanmar are Singapore and Malaysia among ASEAN, at second and third places, respectively. The combined total FDI inflows into the power and oil and gas sector represent about 65 percent of the total investment. There are many opportunities for foreign investment in other sectors, which are not, yet exploited. ASEAN countries will certainly be source countries of Myanmar FDI in the future, and Myanmar should expand to other Asian countries like Japan, India, China, Korea, and Hong Kong where its FDI portfolio is concerned. To effectively attract FDI into the country, Myanmar needs to minimize the effect of policy while opening and encouraging other potential sectors of FDI to foreign investors in ASEAN and Asian countries.