Coping with globalization: Asian versus Latin American strategies of development, 1980-2010

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Abstract

When compared to Latin America, Asian economies since 1980 have grown faster and have done so with relatively modest inequalities. Why? A comparison of Asia and Latin America underlines the superiority of the nationalist capitalist model of development, which has often been pursued more explicitly in Asia, over that of a dependent capitalist model, which has often been pursued in Latin America. In comparison to Latin America, the Asian model has facilitated higher and less volatile rates of economic growth and a greater political room to pursue social democratic policies. The "tap root" of these alternate pathways is relative autonomy from global constraints: states and economies in Asia have been more nationalist and autonomous than in Latin America.

Original languageAmerican English
Pages (from-to)531-556
Number of pages26
JournalBrazilian Journal of Political Economy
Volume32
Issue number4
DOIs
StatePublished - 2012

ASJC Scopus subject areas

  • Sociology and Political Science
  • Economics, Econometrics and Finance(all)
  • Political Science and International Relations

Keywords

  • Capitalist development
  • Economic performance
  • Washington consensus

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