Development Policy and Its Determinants in East Asia and Latin America

James W. McGuire

Journal of Public Policy, 1994, vol. 14, issue 2, 205-242

Abstract: A policy-focused human capital approach to development, incorporating industrial policy but stressing land reform, education, and labor-intensive production, is used to explain why South Korea and Taiwan have developed more successfully since 1960 than Argentina, Brazil, or Mexico. The policy-focused human capital approach is contrasted to free-market and cultural-values approaches.

Date: 1994
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