Successful Models of East Asia and Latin America: Malaysia and Chile

Akio Hosono

Chapter 12 in Development Strategies in East Asia and Latin America, 1998, pp 194-213 from Palgrave Macmillan

Abstract: Abstract The Malaysian and Chilean economies would appear to have several similar characteristics. For example, and borrowing data from the World Bank (1994), their populations are not very different — 18.6 million and 13.6 million respectively, and their GNP per capita is also similar — US$ 2790 in Malaysia and US$ 2730 in Chile. Both countries are rich in natural resources and have large territories in relation to their populations — 330 thousand and 757 thousand square kilometres respectively. While Malaysia has been one of the most successful Asian countries in achieving high growth rates and export expansion, Chile has been one of the most successful Latin American countries at implementing structural adjustment for economic recovery, following the debt crisis, and in maintaining a stable rate of economic growth ever since.

Keywords: Foreign Direct Investment; Pension Fund; Debt Crisis; Export Promotion; Free Trade Zone (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26567-1_12

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DOI: 10.1007/978-1-349-26567-1_12

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