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

In: Development Strategies in East Asia and Latin America

Author

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  • Akio Hosono

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.

Suggested Citation

  • Akio Hosono, 1998. "Successful Models of East Asia and Latin America: Malaysia and Chile," Palgrave Macmillan Books, in: Akio Hosono & Neantro Saavedra-Rivano (ed.), Development Strategies in East Asia and Latin America, chapter 12, pages 194-213, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26567-1_12
    DOI: 10.1007/978-1-349-26567-1_12
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