THE ECONOMIC MIRACLES OF SOUTHEAST-ASIA

This article analyses the factors which were of particular importance to the impressive economic development in Southeast Asia in the postwa r period. The article attempts to answer the following questions: How can the strong economic growth in Southeast Asia be explained? Is it p ossible to claim that a ''Southeast Asian development model'' can expl ain the rapid economic growth in the countries of the region? Is there reason to believe that the strong growth in the region will continue? The article concludes that the strong growth in the last decades was t he result of an enormous accumulation of factors of production, but th at productivity increases have played an increasingly important role f rom the beginning of the 1980s. It is probable that the countries will continue their strong growth in the future as well, even though the g rowth rates will be closer to the international average.