Asian Journal of Research in Business Economics and Management

With increasing L.P.G. (Liberalisation, Privatisation and Globalisation), the frontiers and restrictions are broken down. But the market imperfections and the transitional period problems of Rostow's pre-condition for take off stage is existing. The policy of survival of the fittest holds good. Opening the barriers of the market economy is good but just like ‘infant industry argument’, protecting the slowly growing countries is very essential, because poverty anywhere is a threat to prosperity everywhere. Therefore it is our responsibility to find out where each one of us stands. It is also essential to cull out the reasons for the slow growth of the infant countries.The present paper makes an attempt to study the impact of openness of South East Asia on its External borrowings