Have government interventions in the economies of independent Southeast Asian countries been a force for stability or instability?

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"Have government interventions in the economies of independent Southeast Asian countries been a force for stability or instability?"

Government intervention in the economies of Southeast Asian countries became necessary after independence as early as 1945, due to the historical context that they faced, and formed an intimate relationship between politics and the economy, both directly and indirectly.

Economic stability depends not only on the meeting of certain economic requirements, but also on the prior development of certain social and political frameworks, chiefly a strong and stable government, an honest, efficient, and technically trained bureaucracy, imaginative entrepreneurial talent with freedom to operate and a cohesive social community1. Hence, it can be said that only by meeting the preceding terms, government intervention can contribute towards shaping a stable economy - having low inflation and uninterrupted economic growth - and achieving social stability, through the diminution of rural discontent and unrest. Yet, it is also imperative to note that an unstable economy can still experience gradual growth and should not be critiqued too hastily.

Speak about the economies of post-war SEA, and corruption and cronyism, as a result of governments inducting them into the economy, would immediately come to mind.