Although the levels of socioeconomic development of the countries in Southeast Asia are diverse, the patterns of development strategies adopted by these countries were somewhat similar over recent decades. Virtually every country in Southeast Asia has opened up its economy. Import substitution strategy has been de-emphasized while export orientation has been adopted. Government control of the economy has been reduced and the role of free markets has increased. This convergence of development strategies did not happen in a few years but occurred over the course of half a century.
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Although the levels of socioeconomic development of the countries in Southeast Asia are diverse, the patterns of development strategies adopted by these countries were somewhat similar over recent decades. Virtually every country in Southeast Asia has opened up its economy. Import substitution strategy has been de-emphasized while export orientation has been adopted. Government control of the economy has been reduced and the role of free markets has increased. This convergence of development strategies did not happen in a few years but occurred over the course of half a century.
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