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Southeast Asia, until the Asian economic crisis of 1997-2000, was a high economic growth area. However, despite the neo-liberal and globalizing logic of capitalism, local conditions and cultures determine that capitalism will spread in ways not entirely consonant with its Western origins. Capitalism is not a free-floating entity -- it is a socially embodied phenomenon that needs to function in various cultural contexts. Consequently, the tension between the universal status that some claim capitalism now occupies in the post-Cold War world and the particularities of the local cultures it enters should be of great concern.
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