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The applicability of the Asian development model in selected Southeast Asian countries
The aim of this article was to analyze the applicability of the Asian development model in selected Southeast Asian countries. The presentation of the main assumptions of the model together with an analysis of the initial conditions of Japan from 1950–1960 allowed for a comparison, of which the conclusion was the relative similarity of Vietnamese and Laotian economies to post-war Japan. Next, the case study of China’s policies endeavoured to highlight the adaptability of the model to domestic specifities. Henceforth, the article aimed at formulating policies featuring the usage of Asian development model, which could be implemented by Vietnam and Laos. Its main conclusion was the observation, that after adjusting certain assumptions of the model to domestic conditions, it still remains an attractive alternative for countries wishing to pursue development through industrialisation.