ECONOMIES OF EAST ASIA & LATIN AMER.
Compares conditions from 1980s to 1997. Development strategies, roles of govt., social stability, future. Table.
From the 1960s at least through the mid-1980s, if not indeed well into the 1990s, a stark contrast was frequently drawn between the development... more
From the 1960s at least through the mid-1980s, if not indeed well into the 1990s, a stark contrast was frequently drawn between the development experience of East Asia and that of Latin America. This essay will describe that perceived contrast, and the support it drew from the conditions of the period, as described in works ranging from the mid-80s to the mid-90s, concluding with a brief reconsideration from the perspective of 1998.
East Asia was seen generally as the Third World's economic model and powerhouse. Countries like South Korea, not so long ago among the world's poorest, were seen as making rapid strides towards First World status, following more or less in the wake of Japan, itself a once-poor country that was by the 1980s a leading, modern industrial and post-industrial power. The phrase