Kay, C. (Cristóbal)

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Asia's and Latin America's development in comparative perspective : landlords, peasants, and industrialization

Scholars and policy-makers have long debated over the causes of the spectaculareconomic success achieved by the East Asian newly industrializing countries (NICs) aswell as over the lessons that other developing countries can learn from thisdevelopment experience. Latin America started to industrialize many decades beforethe East Asian NICs and yet was quickly overtaken by them in the last few decades.This essay seeks to explore the agrarian roots which may explain the differentdevelopment trajectory and performance between the East Asian NICs, particularlySouth Korea and Taiwan, and Latin America. The analysis focuses mainly on threeinterconnected factors in seeking to understand why the East Asian NICs outperformedLatin America: (1) State capacity and policy performance or 'statecraft', (2) character ofagrarian reform and its impact on equity and growth, and (3) interactions betweenagriculture and industry in development strategies

Asia's and Latin America's development in comparative perspective : landlords, peasants, and industrialization

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