ABSTRACT

Setting growth and development dynamics in motion in underdeveloped economies can generate contradictions and problems that require external regulatory intervention. The coordination of productive structures with distribution mechanisms and methods plays an important role in the long-term stability and consistency of growth dynamics. Asian growth dynamics were based on the coordination of a sector focused on exportation with an import substitution sector focused on satisfying internal demand. Government intervention in pricing was also carried out in the form of action on interest rates. Indeed, beginning in the late 1960s, Southeast Asian countries systematically intervened to ensure negative real interest rates on bank loans. State intervention played a major role as a regulator of growth dynamics, particularly through its action on pricing systems. All observers agree on the important role played by funding in Asian growth dynamics. The place and role of internationalism in development are very controversial issues.