These trading outposts later served the Chinese and Arab markets as well. There were several Indian ports from where large ships sailed towards east to Khruse. In the sixteen and seventeenth century pepper became the main South East Asian cash crop and by 1510 Sumatra and Malaya were producing about 2500 tones of pepper a year in contrast to 3600 tones exported by Kerala in South India (Tarling, 122). As time passed the need for other spices along with pepper kept on increasing. The increase in South East Asian production all went almost to fill the growing demands of Europe, and then the Portuguese intervened via the Indian Ocean. When the English and Dutch arrived South East Asia became the major source of world spices and the centre of competition for Portuguese, English, Dutch, Chinese and Indian buyers. The price levels were high throughout the period. The period since 1570-1630 was a prosperous time for Japan when the country unified and it increased its trade license to a number of countries.
In order to improve economic activities in the region few associations were formed including Asian Pacific Economic Corporation (APEC) and Association of South East Asian Nations (ASEAN). It has signed different trade agreements in order to boost the South East Asia's economy.
As early as 13th century globalization was carried out in South East Asia via the l ...Show more