Alternative Theories of Southeast Asian Development: A Japanese Perspective

in Asian Journal of Social Science
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This paper examines the pronouncements of Japanese economists on Southeast Asia during the past 30 years in the belief that such a survey reveals the strengths and weaknesses of alternative theories of economic development as applied to Southeast Asia. It finds that Marxist, dependency, borrowed-technology, and ersatz capitalist theories have proved to be wrong, or at least inadequate. Moreover, the patrimonial theory which used to be adequate in the 1960s and 1970s has since lost its relevance. In contrast, neoclassical theories with special emphasis on the quality of human resources have proved to be right.


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