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Southeast Asia - Economy | | Southeast Asia - Economy: Encyclopedia II - Southeast Asia - Economy | | The Southeast Asian islands are a major source of world petroleum supplies; the region is also a center for logging.
Southeast Asia has experienced great economic growth since the 1980s; Singapore was one of the four original "East Asian Tigers" and in recent years Indonesia, Malaysia, the Philippines and Thailand have often been considered a new brood of "tigers." Tiger refers to the rapid growth of these economies. Much of this growth has been driven by foreign direct investment in local industries; the money came from the United St ...
See also:Southeast Asia, Southeast Asia - Name and definition, Southeast Asia - Topography of the subregion, Southeast Asia - IATA definition, Southeast Asia - Population, Southeast Asia - Ethnic groups in the subregion, Southeast Asia - Religions in the subregion, Southeast Asia - Languages in the subregion, Southeast Asia - Environment, Southeast Asia - Economy, Southeast Asia - Culture, Southeast Asia - Peranakans, Southeast Asia - History, Southeast Asia - Historical ties with the rest of the world, Southeast Asia - Relationship to Australasia, Southeast Asia - Literature of Southeast Asia | | | Southeast Asia, Southeast Asia - Culture, Southeast Asia - Economy, Southeast Asia - Environment, Southeast Asia - Ethnic groups in the subregion, Southeast Asia - Historical ties with the rest of the world, Southeast Asia - History, Southeast Asia - IATA definition, Southeast Asia - Languages in the subregion, Southeast Asia - Literature of Southeast Asia, Southeast Asia - Name and definition, Southeast Asia - Peranakans, Southeast Asia - Population, Southeast Asia - Relationship to Australasia, Southeast Asia - Religions in the subregion, Southeast Asia - Topography of the subregion, Association of Southeast Asian Nations (ASEAN), Austroasiatic languages and Austronesian languages, History of Southeast Asia, Southeast Asian Capitals, Southeast Asia Treaty Organization (SEATO), Southeast Asian Games, The Ugly American, Wallace's line between Australasian and Southeast Asian fauna, Literature of Southeast Asia | | |
| | | Southeast Asia: Encyclopedia II - Southeast Asia - Economy
Southeast Asia - Economy
The Southeast Asian islands are a major source of world petroleum supplies; the region is also a center for logging.
Southeast Asia has experienced great economic growth since the 1980s; Singapore was one of the four original "East Asian Tigers" and in recent years Indonesia, Malaysia, the Philippines and Thailand have often been considered a new brood of "tigers." Tiger refers to the rapid growth of these economies. Much of this growth has been driven by foreign direct investment in local industries; the money came from the United States and Japanese TNCs; later from international investment portfolios. Because of this international investment, Southeast Asia was often considered an example of globalized capitalism by international economic experts. On a local level however, the growth was interpreted somewhat differently: "Asian values", a model of authoritarian governments firmly guiding economies toward rapid development, have been promoted by some regional leaders; confidence in this model was shaken by the Asian financial crisis of 1997, which occasioned a period of more cautious, slower growth. All of the southeast-asian states except East Timor are members of ASEAN. The ASEAN Free Trade Area has reduced tariff barriers between regional economies; the signatories have agreed to extend a free trade agreement with the People's Republic of China and Japan in coming years.
Southeast Asia is important to the world economy due various reasons. Singapore is the second busiest port in the world and a major financial and banking hub. Malaysia is the world largest exporter of palm oil while Indonesia is one of the largest producers of crude oil.
In sharp contrast to the hub of economic development in Singapore, there is persistent poverty in Cambodia, Laos, Myanmar and Vietnam. These four countries are often referred to as the "CLMV" group. Two Southeast Asian nations, Laos and Vietnam, are ruled by communist parties; these have since 1986 both been gradually transitioning from planned to market economies. The poverty is a consequence of the war this region was embroiled in from 1941 to 1975, in Cambodia fighting continued until the late 1990s. Vietnam combines free market capitalism and communism, attracting multinationals, and encouraging small entrepreneurs. It has developed into the most prosperous of the three countries, even though it ranks among the world's poorest countries. Laos and Cambodia experience difficulties because of their rough or isolated terrain and their lacking infrastructure.
Other related archives1 CE, 100 CE, 1400s, 1459, 1500, 1500s, 1521, 1980s, 1986, 1997, 20th century, 5000 BCE, 525 CE, ASEAN Agreement on Transboundary Haze Pollution, ASEAN Free Trade Area, Ancestor Worship, Animism, Ao Dai, As of 2004, Asia, Asian, Asian Elephant, Asian financial crisis, Asian values, Association of Southeast Asian Nations, Atlantic, Australasian, Austroasiatic languages, Austronesian languages, Bali, Balinese, Bamar, Banaue Rice Terraces, Bataks, Borneo, Brunei, Brunei Darussalam, Buddhism, Buddhist, Bukit Cina, Burma, Burmese, Cambodia, China, Chinatowns, Chinese, Chinese Taipei, Christianity, Christmas Island, Clouded Leopard, Cocos (Keeling) Islands, Confucianism, Duarte Barbosa, East Asian Tigers, East Malaysia, East Timor, Europe, Filipino, Fujian, Garuda, Geological, Guam, Hang Li Po, Hang Li Poh, Hindu, Hinduism, Hinduism in Southeast Asia, History of Asia, History of Brunei, History of Cambodia, History of Indonesia, History of Laos, History of Malaysia, History of Myanmar, History of Singapore, History of Southeast Asia, History of Thailand, History of Vietnam, History of present-day nations and states, History of the Philippines, Hokkien, Hong Kong, Hong Kong SAR, IATA, India, Indian Ocean, Indian subcontinent, Indochina, Indonesia, Indonesian, Irian Jaya, Islam, Islamic, Island arcs, Japan, Java, Karen, Kazakhstan, Khmer, Kris, Kyrgyzstan, Lao PDR, Laos, Literature of Southeast Asia, Macao, Macau SAR, Madagascar, Mahayana Buddhism, Malacca, Malay, Malay World, Malay archipelago, Malay people, Malaysia, Marshall Islands, Micronesia, Mindanao, Mongkut, Mongolia, Mount Kinabalu, Myanmar, Northern Mariana Islands, Orang Asli, Orangutan, Overseas Chinese, Pacific, Pacific Islanders, Palau, Palawan, Papua, Papua New Guinea, Penang, Peninsular Malaysia, People's Republic of China, Peranakan, Philippines, Portugal, Portuguese, Puncak Jaya, Qi pao, Rakhine, Ramayana, Rice paddy, Russia, Sabah, Sarawak, Shan, Siam, Singapore, South Asian, South China Sea, Southeast Asia Treaty Organization, Southeast Asian Buddhism, Southeast Asian Capitals, Southeast Asian Games, Southeast Asian coral reefs, Southern Ocean, Spain, Spratly Islands, Stanford, Stilt houses, Strait of Malacca, Sultan, Sultanate of Malacca, Sumatra, Sumatran Rhinoceros, Tajikistan, Taoism, Thai, Thai (lunar), Thai (solar), Thailand, The Ugly American, Theravada Buddhism, Timor, Timor Leste, Turkmenistan, Uzbekistan, Venice, Viet Nam, Vietnam, Vietnamese, Vishnu, Wallace Line, Wallace's line between Australasian and Southeast Asian fauna, Water Buffalo, Wayang Kulit, West Asia, abugidas, archipelagoes, authoritarian, babirusa, bearcat, biodiversity, cannon, chopsticks, continental plate, deforestation, drongo, endangered species, foreign direct investment, ft, gamelan, gongs, haze, hornbill, international investment portfolios, logging, mainland Southeast Asia, maritime Southeast Asia, market, microprocessors, monsoons, mouse deer, oil, peafowl, pentatonic scale, petroleum, phoenix, planned, tea, uplifts, vulcanological, whale shark
 Adapted from the Wikipedia article "Economy", under the G.N U Free Docmentation License. Please also see http://en.wikipedia.org/wiki |
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