Presentation on theme: "ECONOMICS & DEVELOPMENT"— Presentation transcript:
1ECONOMICS & DEVELOPMENT Southeast AsiaECONOMICS&DEVELOPMENT
2Economics & Development Agriculture is the leading economic activity in Southeast AsiaCountries are industrializing at different rates, which causes great variation in economies, occupations, transportation, and communicationsThrough ASEAN and other organizations that were formed to promote regional development and trade, the countries of SE Asia are becoming more interdependent.
3AgricultureDepend on fertile river valleys and plains as an economic sourceDepend on the rich variety of crops grown in these areas to supply, not only their own food needs, but also for an income.
42/3 of ALL workers in Cambodia and Laos are farmers.
5Rice Cultivation Most important crop in SE Asia SE Asian farmers use more than ½ of the region’s farmable land to grow this crop.Not only a major food source, it’s a leading export product of Thailand, Cambodia, Vietnam, and Myanmar.
6Great to grow in this region because…. Fertile SoilAbundant water supplyWarm, wet climateRivers irrigate paddiesPaddies: Flooded fields in which rice is grown
9Subsistence VS Cash Crops Crop grown mainly to feed the farmer’s family.Many families have small garden plots and pigs, or poultry.Crops raised and sold for profitRubber is an important cash crop for Thailand, Indonesia, and MalaysiaPhilippines: Largest producer of coconuts
14Industry Industry is growing rapidly in SE Asia In many places, workers are moving from farms to work in factories (rural to urban)Malaysia is one of SE Asia’s most rapidly developing countries and they have increased their economic activities, and thus their level in economic sectors and development.
16Industry However, some countries are not experiencing the same boom…. Less Industrialized Countries and their characteristics…Political InstabilityRapidly growing populationsWork force lacks training in technical skillsDepends heavily on foreign aid and investmentsInadequate infrastructure (roads, transportation, etc.)War & political changes can make this process go even SLOWER!
18ASEANRecently, SE ASIA has become more interdependent (reliant on one another)ASEANAssociation of Southeast Asian NationsFormed to promote regional development, trade, and greater economic stabilityIndonesia, Malaysia, the Philippines, Singapore, and Thailand formed ASEAN in 1967.In 1992, they agreed to establish a free-trade area (sort of like NAFTA but for Southeast Asia!)