Abstract and Keywords
This article examines the politics of development in Latin America and East Asia, focusing on eight countries: Argentina, Brazil, Chile, Costa Rica, South Korea, Taiwan, Indonesia, and Thailand. It begins by analyzing levels and changes of GDP per capita and income inequality in these countries from 1960 to 2010, showing that the capitalist economies of Latin America grew more slowly and had higher income inequality than their East Asian counterparts. It considers the reasons for this development divergence, including government policies in such areas as land tenure, education, promotion of manufactured exports, and macroeconomic management. The article also looks at historical legacies and social-structural factors that help explain these cross-regional (as well as some intra-regional) policy differences, including colonial heritage, the geopolitical situation after World War II, natural resources, and class structure.
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