The Basic Trends and Features of Globalization in South-East Asia

Abstract

The article is devoted to the globalization impact analysis on the economic development of the Southeast Asian countries. The author notes that this process is characterized by the accelerated growth of their foreign economic relations and the increased involvement in the global economy. At the same time, it is accompanied by the increasing rates of economic development in these countries and significant changes in their economic structure. The globalization process stimulates the economies of Southeast Asian countries to gradually acquire the features of more developed markets, and facilitates their transformation from being the suppliers of food and raw materials to becoming large producers of modern industrial products. The author comes to the conclusion that at the same time with acquiring new increasingly modern development trends the globalization leads to the increase in the economic dependency of the region on the foreign markets and in particular on the main centers of the world economy.