Description
This is the first comprehensive analysis of Southeast Asian globalization and development since 1870. Interpreting over 150 years of Southeast Asian economic history, Gregg Huff traces the impact of a first period of globalisation from the 1870s to 1929, the effects of Japanese occupation during World War II and its aftermath, and a second wave of globalisation since the late 1960s. He uses vent-for-surplus, dual economy and plural society concepts and argues that the response of those in Southeast Asia to periods of transport revolutions, innovation and opportunity in the world economy translated into rapid export-led growth. Recent swift growth enabled Southeast Asia to start to 'catch up' with the world's leading countries for the first time in its history. Achievements include industrialization, genuine social progress and numerous large urban regions. Nevertheless, the book contends that Southeast Asian development in its 'miracle economies' remains incomplete.
Table of Contents
Introduction; Part I. Southeast Asia, 1870–1940: 1. Vent-for-surplus and growth trends; 2. Growth patterns, specialization and migration, 1870–1940; 3. Business structure and finance; 4. Industrialization; 5. Infrastructure and foreign investment; 6. Urbanization; 7. Development assessment, 1870–1940; Part II. World War II and Aftermath: 8. The World War II Japanese occupation of Southeast Asia; 9. Aftermath of war: economic and political legacies; Part III. The Southeast Asian Socialist Experiment: Introduction and Themes: 10. The Indochinese economies: classical Marxian socialism and extreme communism; 11. Burma and Indonesia: socialism their own ways; 2. Socialist finance and plural societies; Conclusion; Part IV Outward-Looking Southeast Asia: 13. Malaysia and Thailand: land abundance and technology; 14. The Philippines and Singapore: lagging country and successful city state; Part V. Export-Oriented Southeast Asia: Trade, Industrialization and Development in the Late Twentieth and Twenty-First Centuries: 15. Exports, industrialization and rapid growth; 16. Correlates of growth: savings, capital accumulation and social progress; 17. Urbanization since 1950: industrialization and agglomerations; 18. Development assessment, caveats and conclusion.
