Divergent Development: the Newly Industrialising Countries of East Asia and Latin America

Lawrence R. Alschuler
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Lawrence R. Alschuler: University of Ottawa

Chapter 7 in Multinationals and Maldevelopment, 1998, pp 195-229 from Palgrave Macmillan

Abstract: Abstract Divergence in the development of East Asian and Latin American NICs is catching the attention of a growing number of political economists. This divergent development has sparked debates over theory between advocates of neo-liberal and neo-dependency approaches1 in accounting for the regional divergence: does the East Asian success confirm modernisation theory (neo-liberalism) or does each region require its own theory?2 East Asian ‘miracles’ have led to controversies over practice with regard to policy recommendations for third world nations: is the East Asian model exportable and is this desirable?3

Keywords: Real Wage; External Shock; Divergent Development; State Effectiveness; Foreign Exchange Reserve (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37826-1_7

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DOI: 10.1057/9780230378261_7

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