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History and Planning: Some Aspects of Economic Development in Asia-III. Commentary

Published online by Cambridge University Press:  23 March 2011

Norman S. Buchanan
Norman S. Buchanan
Affiliation:
University of California, Berkeley
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Extract

Mr. Paauw's paper on Chinese government expenditures during the Nanking period and Mr. Wolf's paper on contemporary development problems in South and Southeast Asia differ appreciably in scope and emphasis. In a sense however Mr. Wolf's paper picks up the discussion where Mr. Paauw leaves it. For Mr. Paauw concludes in his last paragraph that in China between 1928 and 1937 loan-financed government expenditures did not stimulate investment and output because “… the whole political, cultural, and economic milieu of Nanking China … discouraged the expansion of output in response to increased monetary demand. The repressive influence of each of these factors remains to be investigated in detail.” Mr. Wolf's paper is essentially an analysis of these factors which inhibit and restrict productive investment and economic development in Southeast Asia and what might be done through MSA to improve matters. Consequently Mr. Paauw's paper is perhaps more easily discussed against the analysis put forward by Mr. Wolf rather than the other way about.

Type
Articles
Information
The Journal of Asian Studies , Volume 12 , Issue 1 , November 1952 , pp. 43 - 46
Copyright
Copyright © The Association for Asian Studies, Inc. 1952

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References

1 For this reason this commentator wonders what Mi. Wolf would do with the results of the vast amount of research on the structure of underdeveloped economies which he seems to feel are so badly needed for his problem. See, Part I.

2 This alone would probably not suffice in some underdeveloped areas. It would have also to be accompanied by a cultural change which made such productive investments on private account approved, even commendable, behavior. This took a long time in some European countries.