Inclusive Economic Growth and Asian Business Systems

  • Asadullah, M Niaz (Chief Investigator (CI))
  • Hyun, Shin (Primary Chief Investigator (PCI))
  • Alcantara, Lailani Laynesa (Chief Investigator (CI))

Project: Research

Project Details

Project Description

East Asian economies are well-recognized for their fast-paced export-led economic growth during the past couple of decades that has also seen proliferation of home-grown large businesses. While the underlying growth process has been ‘inclusive’, how this per se has transformed and/or is reflected in businesses enterprises and beliefs of senior
executives’ about the purpose and values of the firm is not well understood. Collectivist values, state ownership, developmentalism, personal networks, and company groups and institutional interdependencies – all combine to set Asian firms aside from their western counterparts. Moreover, given the diversity in business cultures and practices within the region (i.e. Asian varieties of capitalism), research on the link between inclusive economic growth and business systems (and responsible business initiatives) demands a cross-country setting. To facilitate such research, Hanyang University Industry-University Cooperation Foundation (HYU) is leading the Inclusive Economic Growth for Asia project, along with Erasmus University Rotterdam, the Asia Foundation, the Economics of Mutuality (EOM) Platform and the Rotterdam Center for Economics of Mutuality. The project includes 4 countries other than Malaysia. Therefore Hanyang University Industry-University Cooperation Foundation (HYU) has been engaging with the Inclusive Economic Growth for Asia project, along with Erasmus University Rotterdam, the Asia Foundation, the Economics of Mutuality (EOM) Platform and the Rotterdam Center for Economics of Mutuality, to implement a two-year research collaboration to identify new inclusive growth models in Asia between 2022 and 2024.tion be responsible for data collection and Methodologically, this is a quantitative study where the main source of data comes from interviews of senior corporate managers in each country. The main outcome of the project is at least one academic publication in an SSCI-indexed, peer-reviewed, and reputable journal in the management/business field. Beyond helping to implement the survey in Malaysia, Monash PI will contribute towards the analysis of the multi-country data set and research publication.
StatusFinished
Effective start/end date30/04/2330/04/24

Keywords

  • Inclusive growth
  • Asian Business Systems