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

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  • Atul Kohli

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.

Suggested Citation

  • Atul Kohli, 2012. "Coping with globalization: Asian versus Latin American Strategies of development, 1980-2010," Brazilian Journal of Political Economy, Center of Political Economy, vol. 32(4), pages 531-556.
    • Handle: RePEc:ekm:repojs:v:32:y:2012:i:4:p:531-556:id:369
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/369/362
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    Cited by:

    1. Acharya, Viral V. & Rajan, Raghuram G. & Shim, Jack B., 2024. "Sovereign debt and economic growth when government is myopic and self-interested," Journal of International Economics, Elsevier, vol. 150(C).
    2. Hartmann, Dominik & Zagato, Ligia & Gala, Paulo & Pinheiro, Flavio L., 2021. "Why did some countries catch-up, while others got stuck in the middle? Stages of productive sophistication and smart industrial policies," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 1-13.
    3. Bresser Pereira, Luiz Carlos, 2019. "Models of the developmental state," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    4. Chokri Zehri, 2020. "The Domestic Impacts And Spillovers Of Capital Controls," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 65(227), pages 31-66, October –.
    5. Acharya, Viral V. & Rajan, Raghuram G. & Shim, Jack B., 2024. "Reprint of “Sovereign debt and economic growth when government is myopic and self-interested”," Journal of International Economics, Elsevier, vol. 149(C).
    6. André Moreira Cunha & Julimar Da Silva Bichara & Marcos Tadeu Caputi Lélis & Julien Marcel Demeulemeester, 2016. "Brazil´S Development Pattern In A Sino-Centred World: An International Political Economy Perspective," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 079, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

    More about this item

    Keywords

    capitalist development; Washington consensus; economic performance;
    All these keywords.

    JEL classification:

    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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