"Economic Developments in the Sub-regional Growth Zones in ASEAN: A Case Study of SIJORI-Growth Triangle"
International Journal of Humanities and Social Science |
© 2020 by SSRG - IJHSS Journal |
Volume 7 Issue 5 |
Year of Publication : 2020 |
Authors : Dr. Meena Singh |
How to Cite?
Dr. Meena Singh, ""Economic Developments in the Sub-regional Growth Zones in ASEAN: A Case Study of SIJORI-Growth Triangle"," SSRG International Journal of Humanities and Social Science, vol. 7, no. 5, pp. 88-97, 2020. Crossref, https://doi.org/10.14445/23942703/IJHSS-V7I5P111
Abstract:
The Asia-Pacific region has emerged as a very vibrant region globally in modern times. This region has been making sincere attempts at enhancing regional economic cooperation and integration. For achieving this, it has always remained ahead in setting up some subregional initiatives, which came up more prominently in the Southeast Asian and the East Asian regions. Several trans-border sub-regional growth initiatives were launched
in these regions, and they were popularly called the 'Growth Triangles.' Amongst these, the Singapore-Johor- Riau Growth Triangle or the 'SIJORI-Growth triangle' is ASEAN's first sub-regional growth zone linking Singapore with the southern Malaysian state of Johor and the Indonesian provinces of Riau, when it was set up initially. This sub-regional growth initiative came up in 1989, and later, in 1994, it was renamed the Indonesia-Malaysia- Singapore Growth Triangle (IMS-GT).
This Growth Triangle has been cited as a very appropriate example of the so-called 'borderless' economy. It is recognized as one of the most successful classic cases of sub-regional economic cooperation in ASEAN. This growth initiative has portrayed itself as an example of a mutually beneficial cooperative arrangement for enhancing growth amongst all its member participants. The present article throws light on setting up the IMS-GT, its historical background and the driving factors that led to its formation. The article looks thoroughly into various economic developments across the SIJORI-GT during its journey after 1989.
Keywords:
SIJORI-Growth Triangle, IMS-Growth Triangle, Regional and Sub-regional Cooperation, Economic Development
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