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

Atul Kohli ()

Brazilian Journal of Political Economy, 2012, vol. 32, issue 4, 531-556

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. JEL Classification: P51; O57.

Keywords: capitalist development; Washington consensus; economic performance (search for similar items in EconPapers)
Date: 2012
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