South and Southeast Asia Essay - 1763 Words

South and Southeast Asia Introduction The region under scrutiny happens to be among the most impoverished countries in the world, though allowing for so much growth that is has made them among the fastest growing countries in the world. The region with all this potential is South and Southeast Asia, and the countries holding 40% of the world’s poor are Bangladesh, Thailand, Pakistan and India. How is it that South Asia has grown so much over the past decade with 35% of its men and 59% of its woman being illiterate? Or how is it that half a billion of the people in South Asia are living off less than a dollar a day? So much of the information I have found for this paper is hard to swallow, though I will try and tell it to you†¦show more content†¦Who is supporting the growth In order for many South Asian countries to survive they had to seek help in the form of loans, luckily for them the International Monetary Fund was able to help. The IMF and several Asian countries have so far pledged to provide more than a $100 billion in loans to help save Southeast Asia’s struggling financial systems. Though in return for these loans, recipient countries must implement a series of austerity measures designed to contain the crisis and improve their free-market economic policies. Some of these austerity measures are to increase certain taxes, implement policies to discourage banks from making risky loans and to shut down many of the insolvent financial firms that had planned on being bailed out. Therefore the Asian crisis and the IMF bailout has created a wide-ranging debate on the merits of Asia’s economic model. Though with the debate on how to fix the crisis, it really seems to be just two competing versions of capitalism. The Asian model, set to resemble Japan’s economy, is based on the belief that leaders must take a direct and active role in the free market to assure rapid growth and high employment. The other version is the Western model, modeled after the U.S. economy, which is set to discourage government intervention in the marketplace and largely place faith in the free market to determine the countries course of economicShow MoreRelatedAncient Art Of South And Southeast Asia974 Words   |  4 PagesIn early centuries CE, the art of South and Southeast Asia assisted in capturing the beauty of surrounding cultures. But most importantly, the art helped spread religion such as Buddhism and Hinduism, into surrounding areas. This religious advance helped form beautiful pieces featuring important religious figures such as Buddha. Two examples are the â€Å"Standing Figure of Buddha† by Takht-iBahi Gandhara and the â€Å"Bodhisattva Maitreya by an unknown artist. Both figures were created in the secon dRead MoreSoutheast Asia is made up of closely intertwined nations. There is shared history and common700 Words   |  3 PagesSoutheast Asia is made up of closely intertwined nations. 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There are six main countries in this huge region: China, Japan, South KoreaRead MoreRice and Asian Culture752 Words   |  3 Pagesconsumed in Asia (Chang). The rice in Asian culture is not just cereal, but it’s part of their lives. It serves their meal almost everyday on their dining table. Oryza sativa is a species of monocot plants and known as Asian rice. The grain was spread started from South Asia to Southeast Asia and East Asia. South Asia South Asia is the region that the rice was originated from, although the historical record shows that China, in 2700 B.C., cultivated rice farm. Among countries in South Asia, India and