This book traces the growth of capitalism in South East Asia
between 1870 and 1941, a crucial element in understanding
contemporary economic and political developments in the region. It
focuses on three questions. Why was indigenous capitalism so weak
in colonial South East Asia? What were the institutional weaknesses
in an otherwise dominant Chinese capitalist class, and why did it
fail to transform itself into a modern industrial elite? What was
the impact of western colonialism and Japanese economic penetration
on South East Asia's prospects for achieving sustainable economic
growth?
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