Nationalist versus dependent capitalist development: Alternate pathways of Asia and Latin America in a globalized world

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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.

Original languageEnglish (US)
Pages (from-to)386-410
Number of pages25
JournalStudies in Comparative International Development
Volume44
Issue number4
DOIs
StatePublished - 2009

All Science Journal Classification (ASJC) codes

  • Development
  • Sociology and Political Science
  • Political Science and International Relations

Keywords

  • Capitalist development
  • Economic performance
  • Washington consensus

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