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

Vol. 32 No. 4 (2012)

Oct-Dec / 2012
Published October 1, 2012
PDF-English
PDF-English

How to Cite

Kohli, Atul. 2012. “Coping With Globalization: Asian Versus Latin American Strategies of Development, 1980-2010”. Brazilian Journal of Political Economy 32 (4):531-56. https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/369.

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

Atul Kohli
Princeton University.
Brazilian Journal of Political Economy, Vol. 32 No. 4 (2012), Oct-Dec / 2012, Pages 531-556

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.


Keywords: capitalist development Washington consensus economic performance