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The Political Economy of Industrialization: A Comparison of Latin American and East Asian Newly Industrializing Countries

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  • Rhys Jenkins

Abstract

ABSTRACT The paper analyses the industrial performance of two East Asian (South Korea and Taiwan) and three Latin American (Argentina, Brazil and Mexico) newly industrializing countries. It argues that the better performance in East Asia is not due simply to differences in trade orientation or the degree of state intervention, but rather to the effectiveness of intervention. This is explained in terms of the relative autonomy of the state and the structuring of the state apparatus in the two regions. The historically determined class structure and the international context led to much greater state autonomy in East Asia than in Latin America. The last part of the paper shows a number of ways in which this greater relative autonomy has contributed to rapid industrial growth in East Asia in comparison with Latin America.

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  • Rhys Jenkins, 1991. "The Political Economy of Industrialization: A Comparison of Latin American and East Asian Newly Industrializing Countries," Development and Change, International Institute of Social Studies, vol. 22(2), pages 197-231, April.
    • Handle: RePEc:bla:devchg:v:22:y:1991:i:2:p:197-231
    DOI: 10.1111/j.1467-7660.1991.tb00409.x
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    2. Irarrázaval, Andrés, 2020. "The fiscal origins of comparative inequality levels: an empirical and historical investigation," LSE Research Online Documents on Economics 107491, London School of Economics and Political Science, LSE Library.
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