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Industrialization is the procedure of modernization and huge production of assorted forms of goods. Southeast Asia was an space where industrialization had a large effect on.
By the mid-1800s, many countries, notably the European countries, had joined the race in industrialization. The results of industrialization have been particularly observed in Southeast Asian countries. Southeast Asian financial system was reworked from throughout colonial period because of the industrialization and modernization.
In Burma, many fundamental infrastructures such as roads and bridges have been built, and the infrastructure of crops and communication was developed rapidly so that crops could be exported to world market. In Vietnam, French introduced the modernity to the country, especially in Saigon. The cities have been outfitted with sewers and electric lighting, and the Saigon-Hanoi railway, fashionable port amenities, and roads were built as nicely . Vietnamese agriculture had been improved and Vietnam became some of the necessary rice export country.
Besides the rising of rice amount, there was enlargement of rubber-growing and uncooked materials-exploitation as well to be able to fulfill the demand of industrialization in Europe. Due to its nice location, British made Singapore turn into the important thing port in the area and the essential monetary and economic heart as properly. Thus, European powers have transferred Southeast Asian traditional economic system into fashionable market financial system, and Southeast Asian economic system has been linked to the world financial system as nicely. However, along with … Read More