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Monetization and financial development in Southeast Asia before the Second World War

Bibliographic Data

ID4353754
AuthorsW G Huff (University of Glasgow, corresponding author)
Year2003
Volume56
Issue2
Pages300-345
Publication date2003-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Economic History Review (JOURNAL)
Journal identifiersISSN: 0013-0117 • E-ISSN: 1468-0289
PublisherWiley (PUBLISHER • GB)
DOI10.1046/j.1468-0289.2003.00251.x
OpenAlexW2101068268
LanguageEN
Citations received9
References cited85

Using new statistics, this article analyses financial development in Southeast Asia over the seven decades 1870-1939. The region experienced substantial, and in some instances rapid, vent-for-surplus economic growth based on a narrow range of primary commodities. But in 1939 all Southeast Asian countries still had relatively undeveloped financial infrastructures dominated by metropolitan interests, considerably reliant on informal finance, and geared towards primary commodity exports. The article suggests that a lack of opportunities and a variety of country-specific considerations were more important explanations than weak financial development for an absence of greater industrialization and agricultural modernization in Southeast Asia

Agriculture · Commodity · Development economics · Economic growth · Economics · Geography · Industrialisation · Market economy · Metropolitan area · Modernization theory · Monetization · Southeast asia · Variety (cybernetics) · Asian Studies and History · Finance · Islamic Finance and Banking Studies · Microfinance and Financial Inclusion

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Unique citing works9
Citations per year0,41
Citation span2004 - 2022 (19)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 9

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