Latin American Failure against the Backdrop of Asian Success

In: The annals of the American Academy of Political and Social Science, Band 505, Heft 1, S. 117-128

Abstract

This article examines the principal reasons for the poor Latin American economic performance in contrast to Asian success in the last decade. These include an adverse international economy that discriminated against large debtors, a set of domestic distortions introduced by excess external debt, and a political incapacity to implement coherent and consistent adjustment policies.