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The Capitalist Development Pathway of Eastern Europe: A Comparative Study between Eastern Europe,Southeast Asia and Latin America

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  • Cristina Gabriela Susanu

    (PhD candidate in the Department of Economics at Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

The study examines the delimitation of the economic development models, dependent versus nationalist capitalism, in the emerging countries of Eastern Europe, Latin America and Southeast Asia. We took into account a series of analyses on how the adopted development policy influenced the economic growth in those regions, in order to explain one of the reasons for the existing differences in their economic performance. Throughout the article, based on empirical data, we conclude that the capitalist development model chosen by Eastern Europe was the dependent one, being thus more vulnerable to external shocks like in the recent context of global recession.

Suggested Citation

  • Cristina Gabriela Susanu, 2011. "The Capitalist Development Pathway of Eastern Europe: A Comparative Study between Eastern Europe,Southeast Asia and Latin America," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 14(39), pages 175-200, March.
    • Handle: RePEc:rej:journl:v:14:y:2011:i:39:p:175-200
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    References listed on IDEAS

    as
    1. World Bank, 2002. "Transition, The First Ten Years : Analysis and Lessons for Eastern Europe and the Former Soviet Union," World Bank Publications - Books, The World Bank Group, number 14042.
    2. Javier Reyes & Stefano Schiavo & Giorgio Fagiolo, 2008. "Assessing The Evolution Of International Economic Integration Using Random Walk Betweenness Centrality: The Cases Of East Asia And Latin America," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 11(05), pages 685-702.
    3. Rodolfo E. Manuelli & Ananth Seshadri, 2010. "East Asia vs. Latin America: TFP and Human Capital Policies," Working Papers 2011-010, Human Capital and Economic Opportunity Working Group.
    4. World Bank, 2010. "World Development Indicators 2010," World Bank Publications - Books, The World Bank Group, number 4373.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    dependent capitalism; nationalist capitalism; globalization; growth; market liberalization.;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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