Economic Development

What is ‘Economic Development after Independence’?

For JC students taking H2 History, it is one of the featured topics under Paper 2 Theme II. In this topic, we will look at how governments in Southeast Asian states pursued economic development in the post-independence period.

There are two major areas of study for the topic:

Paths to economic development
Asian Financial Crisis

Browse the featured articles below to find out more.

Why was NEDCOL created?

February 14, 2023

Learn more about NEDCOL which was formed to promote central planning by the Thai government.

How did the Guided Democracy affect the Indonesian Economy?

February 7, 2023

Learn more about the historical context of the Guided Democracy affected the Indonesian economy between the late 1950s and early 1960s.

What does FELDA stand for?

October 18, 2022

Learn more about the Federal Land Development Authority to understand how Malaysia promoted economic development.

What is the Chiang Mai Initiative?

July 12, 2022

Learn more about the Chiang Mai Initiative that was part of ASEAN's response to the Asian Financial Crisis of 1997.

JC History Tuition Online - What is the Look East policy - Economic Development Notes

What is the Look East Policy of Malaysia?

June 21, 2022

Learn more about the Look East Policy that was launched by the Malaysian government in 1982 that improved its bilateral relations with Japan.

How did the 1970s oil crises affect Southeast Asia?

May 17, 2022

Examine the impact of the 1970s oil shocks on the economies of Southeast Asia.

What affected the economic development of Indonesia under Suharto?

May 10, 2022

Learn more about the challenges faced by Indonesia, such as the rice crisis of 1972 and the Malari riots that affected its economy.

How did the Dutch influence the Indonesian economy?

December 21, 2021

Learn more about the Dutch colonial policies that impacted Indonesia's economy in the early independence years.

How was the Asian Financial Crisis resolved?

November 23, 2021

Find out more about the efforts made to resolve the Asian Financial Crisis of 1997.

What is the Singapore Economic Development Board?

November 2, 2021

Learn more about the role of the EDB to understand its contributions in the 1960s and 1970s.

How was Thailand affected by the Asian Financial Crisis?

May 25, 2021

Find out what happened in Thailand that triggered the start of the Asian Financial Crisis in 1997.

JC History Tuition Online - What is the SIJORI Growth Triangle - Economic Development Notes

What is the SIOJRI Growth Triangle?

April 27, 2021

Learn more about the regional investment plans set out between Singapore and Malaysia in the early 1990s.

What is the Winsemius report?

April 20, 2021

Find out more about the Dutch economist's contribution to Singapore's economic growth.

What is financial liberalisation?

June 2, 2020

Learn more about financial reforms and deregulation of banking sectors to understand its impacts of Southeast Asian economies.

What is industrialisation?

May 26, 2020

Learn the concepts of import-substitution and export-oriented industrialisation to understand economic development in Southeast Asian states.

What is the Green Revolution?

April 28, 2020

Learn more about the Green Revolution that transformed the agricultural sectors of independent Southeast Asian states in the 1960s.

What were the consequences of the Asian Financial Crisis?

August 13, 2019

Examine the consequences of the Asian Financial Crisis to understand its impacts on Southeast Asian nations.

What are the main aims of economic development?

July 30, 2019

Find out more about the three aims of economic development that guide the decisions of Southeast Asian governments after independence.

What caused the Asian Financial Crisis in 1997?

July 9, 2019

Examine the possible causes the led to the currency crisis of 1997 that hampered the growth of Southeast Asia.

How did Myanmar develop its economy?

July 2, 2019

Consider the role of the government in shaping the economic development of Myanmar.

What caused the economic miracle in Vietnam?

June 25, 2019

In the 21st century, Vietnam has become one of the leading emerging economies. Examine the government strategies that have contributed to its rapid economic development.