Development Paths at a Crossroads
Peru in Light of the East Asian Experience
Bibliographic Data
| ID | 4500859 |
|---|---|
| Authors | Maxwell A Cameron (0000-0003-4873-9851), Liisa L North, Liisa North |
| Year | 1998 |
| Volume | 25 |
| Issue | 5 |
| Pages | 50-66 |
| Publication date | 1998-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Latin American Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0094-582X • E-ISSN: 1552-678X |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0094582x9802500504 |
| OpenAlex | W2014585201 |
| Language | EN |
| Citations received | 4 |
| References cited | 29 |
Since the lost decade of the 1980s, many Latin American policymakers have sought lessons from the experiences of the East Asian newly industrializing countries, prominent among them South Korea and Taiwan. With the encouragement of international financial institutions, these lessons form the basis for promoting a competitive climate for private enterprise, keeping government intervention to a minimum, privatizing state-owned enterprises, opening the economy to international trade, and maintaining a framework of macroeconomic stability (World Bank, 1991; 1993).' The stick held by the international financial institutions was the renegotiation of the terms of payment on massive foreign debts, and the carrot was the reinitiation of capital flows to the region. Drawing on a growing literature that compares East Asian and Latin American development paths (Donnelly, 1984; Deyo, 1987; Gereffi and Wyman, 1990), we will argue here that the neoliberal reading of the lessons from East Asia is perverse and misleading in several respects: It misidentifies both the keys to East Asian success and the causes of past failures in Latin America, and it leads to policy prescriptions that are bound to deepen Latin America's social-economic and political crises. A one-sided and inaccurate reading of the lessons of East Asia is especially dangerous in countries such as Peru, which are characterized by weakly articulated and underdeveloped domestic markets, a situation manifested in extreme levels of rural poverty and neglect, an
Political economy · Political science · Sociology · Asian Industrial and Economic Development · Global trade and economics · International Development and Aid
How the other half dies
The Political Economy of the New Asian Industrialism
Marx against the Peasant
Exceptions to urban bias in Latin America
CHAPTER 13. Reflections on Culture and Social Change
Landlords and Capitalists
Peru under García
Economic Development with Unlimited Supplies of Labour
State Reform, Coalitions, and The Neoliberal Autogolpe in Peru
On the paradigm for economic development
The state and economic development
Latin American Failure against the Backdrop of Asian Success
The Reassertion of Indigenous Identity
World Development Report 1991
Social Origins of Dictatorship and Democracy
Human Rights and Development
The State and Economic Development
Economic Management and Economic Development in Peru and Colombia
Import Substitution and Industrialization in Latin America
Alternative Strategies for Economic Development
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,15 |
| Citation span | 2000 - 2015 (16) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |