ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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From 50 Years: Asian Economic Co-operation.

Editorial from Volume XIV, No 15, April 14, 1962. 

The political situation in many of the coun-tries of South-East Asia still remains un-settled and economic development is still hampered by the divisive forces of colonial entanglements that have by no means disappeared with the withdrawal of the colonial powers. Granted all that, it is, nev-ertheless, a sad commentary on the quality of statesmanship in the countries of South-East Asia that, in spite of so many things that are common in their heritage, so much similarity in their problems of development and opposition by all of them to the colonial system, it has not been possi-ble for these countries so far to make a cooperative effort for regional economic development, let alone achieve any measure of political integration...

In each of these countries foreign exchange is an insurmountable obstacle to a higher rate of growth and hence their development strategy has invariably been to promote import substituting industries…

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