An East Asian Model For Latin American Success

Latin America is at a uniquely important juncture in its history and the history of development more generally. Neoliberal market-orientated policies are being called into question, growth has been volatile and equity has stayed the same or worsened. In Latin America there is no clear direction for change. This book presents an alternative development path for Latin America based on an East Asian model. East Asia remains the only developing region so far with high stable and equitable economic development. Based on in depth analysis and the presentation of new and unique material, this study provides a new perspective on the lessons of China's rapid development and examines relations between states and companies that have led to greater success by East Asian companies entering new international markets. More importantly, it highlights how Latin American politics can and must be transformed.

This study makes a solid case for the now prevalent contention that the development model of East Asian NICs is less costly (i.e. over inflation levels and more equitable income distribution), more adaptive to fluctuating would market conditions (eg. successful adjustment to the two oil crises) and more sustainable (i.e. high growth rates, even in the turbulent 1970s) than that of the Latin American NICs. In considering these issues, this book examines the major Latin American countries' economic problems and development experiences in light of the more successful stabilization and development experiences of the East Asian countries, Taiwan and South Korea in particular.

This study makes a case for the now prevalent contention that the development model of east Asian NICs is less costly, more adaptive to fluctuating world market conditions, and more sustainable than that of the Latin American NICs.

A fresh insight on the unequal impact of development policies in East Asia and Latin America. Written by economists and political scientists from Brazil, Chile, Korea, Japan, Malaysia, and the US, chapters share a political economy perspective and are the result of collaborative work coordinated by researchers at the University of Tsukuba (Japan). In addition to chapters on particular countries and on broad subjects, there are three chapters presenting detailed comparisons of pairs of countries (Brazil and Korea, Indonesia and Mexico, Chile and Malaysia).

East Asian countries have adopted remarkably good policies to ensure sustained economic growth, but how did they come to adopt such policies in the first place? This book produces a more thorough explanation than has previously been advanced drawing on several disciplines including contributions from anthropologists, economists, political scientists, technologists, demographers, historians and psychologists. Several contributors have held high positions in Asian governments. Four broad themes are identified: * effective governance * achieving and learning societies * growth with equity * external influences This is the most comprehensive account of the foundations of East Asia's rise. Its distinctiveness lies in the range of comparisons across the countries of East and South-East Asia and in the wide array of contributing disciplines.

"Easily the most informed and comprehensive analysis to date on how and why East Asian countries have achieved sustained high economic growth rates, [this book] substantially advances our understanding of the key interactions between the governors and governed in the development process. Students and practitioners alike will be referring to Campos and Root's series of excellent case studies for years to come." Richard L. Wilson, The Asia Foundation Eight countries in East Asia--Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia--have become known as the "East Asian miracle" because of their economies' dramatic growth. In these eight countries real per capita GDP rose twice as fast as in any other regional grouping between 1965 and 1990. Even more impressive is their simultaneous significant reduction in poverty and income inequality. Their success is frequently attributed to economic policies, but the authors of this book argue that those economic policies would not have worked unless the leaders of the countries made them credible to their business communities and citizens. Jose Edgardo Campos and Hilton Root challenge the popular belief that East Asia's high performers grew rapidly because they were ruled by authoritarian leaders. They show that these leaders had to collaborate with various sectors of their population to create an environment that was conducive to sustained growth. This required them to persuade the business community that their investments would not be expropriated and to convince the broader population that their short-term sacrifices would be rewarded in the future. Many of the countries achieved business cooperation by creating consultative groups, which the authors call deliberation councils, to enhance accountability and stability. They also obtained popular support through a variety of wealth-sharing measures such as land reform, worker cooperatives, and wider access to education. F

Long run processes of socio-economic change generate prodigious problems of social conflict and social control, and governments responsible for these processes must therefore manage the resultant conflict. Consequently, the success or failure of a government's management of such conflicts is a crucial factor in development outcomes. This volume investigates the political struggle for development specifically in two vital regions - East Asia and Latin America. This analysis calls into question the dominant emphasis on institutional and cultural bases for stable growth. A careful historical account of the two regions is presented, which permits the rigorous testing of conventional wisdoms regarding development. Of importance to a broad range of academics in the spheres of development studies, politics, political economy and sociology, this book will also make an interesting read for those with a general interest in these areas.

Analyses East Asian economic development strategy with reference to trade and investment policies from the 1950s to 1990 and measures for improving competitiveness in the manufacturing sector. Includes a section on the promotion of small amd medium-sized enterprises in Japan. Examines industrial restructuring in Latin America during the 1980s and presents a study of small scale enterprises in Brazil and Mexico. Examines the applicability of East Asian policies to Latin America.